Property investors who have had real estate in Old Erowal Bay, 2540 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.71%
Over the longer term, Old Erowal Bay has seen property prices show investors a 50.70% return over the last 3 years. This is worse than over the last 12 months
Old Erowal Bay2540 is located in NSW which offers an average discount of -5.26% to property investors. Old Erowal Bay itself is showing figures that indicate -4.22% is the average achievable by property buyers investing in the suburb.
At number 1118 in a list of fastest selling suburbs, Old Erowal Bay is in the TOP 30% of suburbs in Australia with an average of days on market 56.55 for properties listed there.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 6.75%.