Over the last year, property investments in Erowal Bay, 2540 have given investors a capital gain of 26.00%. This compares very favourably with the -4.21% for NSW as a whole.
A 79.49% growth in median value for property investors in Erowal Bay,2540 puts this suburb at number 1198th in terms of best performing suburbs in NSW
Situated 146.24km from the CBD, Erowal Bay is one of Shoalhaven (C) localities in the postcode 2540.
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An idyllic suburb by the beach
Median house price: $530,000
Three-year growth: 37.13%
Rental yield: 3.65%
Situated on the south coast of New South Wales, the small suburb of Erowal Bay is a great spot for those who want a taste of the shore.
The suburb lies directly on the banks of St Georges Basin less than 10 minutes from Hyams Beach, making it one of Shoalhaven City’s tourist destinations for those who enjoy swimming, bushwalking and bird watching. From here, Booderee National Park and the beaches on Jervis Bay are within reach. Residents also get to enjoy a good variety of amenities in town, including a café and tennis courts.
Despite its distance from Sydney, Erowal Bay has been gaining ground progressively in terms of capital growth, with over 20% increase in house prices over the March 2017 quarter alone.