NSW has seen average median house prices change by 8.99% which means that Old Erowal Bay, 2540 has done well for property investors by showing a capital gain of 17.27% over the last year
Taking the average capital gain, or increase in median house value, Old Erowal Bay,2540 has racked up an average of 17.27% over the period. This ranks it number 893th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Old Erowal Bay should be aiming for at least -5.07% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.77%, investors should hope to achieve an overall return of 5.07%