Erowal Bay is in the bottom 10% in NSW when comparing median price capital growth over the last year. Erowal Bay gave property investors a dismal capital gain figure when compared to the rest of the state, with -18.95%.
While Erowal Bay,2540 ranked number 849th in NSW for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.
In the last year 12 properties changed hands in Erowal Bay, which puts it as the 1285th most active market in NSW when comparing the number of sales per suburb.
Situated 146.25km 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.