Investment property in Old Erowal Bay has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.85%
Old Erowal Bay,2540 was ranked 307 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Old Erowal Bay itself are offering an average vendor discount of -3.61% to real estate investors.
With the median price for a house in Old Erowal Bay being $370000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.92%