Property investors who have had real estate in Erowal Bay, 2540 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.08%
Across a shorter period, Erowal Bay, 2540 has seen a median price increase of -1.50% over the last quarter.
Sellers are offering property buyers an average discount of -8.74% to buyers in Erowal Bay at the moment, which is less than average for the rest of NSW.
Erowal Bay is 389th on a list of best yielding suburbs for rents in NSW with a 3.91% return
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
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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.Close