Property investors who have had real estate in Old Erowal Bay, 2540 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.69%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Old Erowal Bay has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Old Erowal Bay are currently offering property investors an average price cut of -4.87% below the asking price at the moment.
Situated 144.66km from the CBD, Old Erowal Bay is one of Shoalhaven localities in the postcode 2540.