If you compare the increase in value of investment property in Erowal Bay, 2540 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.71%.
A 50.41% growth in median value for property investors in Erowal Bay,2540 puts this suburb at number 93th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Erowal Bay is offering property investors an average of -6.18. This rate of discount on properties puts Suburb at number 223th in terms of most discounted suburbs in NSW
Property investors should expect to get $370 weekly from the median priced house in this suburb.
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.Full summary
Information supplied by:
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.Close