Erowal Bay, 2540 ranked 409th in NSW when comparing growth in median property values or capital gain over the last 12 months. Erowal Bay is one of 3163 in our list for NSW
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Erowal Bay has increased when compared to the 5 year average annual rate.
Erowal Bay, 2540’s gross rental yield is 3.28%
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