Erowal Bay

POSTAL CODE: NSW, 2540

HOUSE

EROWAL BAY ranks 17th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 0.07% for the past year is lower than average compared to its 68.57% growth within a five-year period.

Also in EROWAL BAY, the median home price is sitting at $708,000, and the average rent at $500, this suggests property owners could potentially earn a 3.67% increase in gross rental yield.

Property investors have seen a 3.25% gain in EROWAL BAY based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 9.88% growth over a ten-year period. It ranks 51st on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$708,000	N/A
Growth Report
Median Quarterly	3.25%	N/A
Median 12 month	0.07%	N/A
Median 3 years	9.77%	N/A
Median 5 years	68.57%	N/A
10 years average annual	9.88%	N/A
Weekly media advert. rent	$500	N/A
Time on Market	137.4 days	N/A
Gross Rental Yield Percent	3.67%	N/A

Demographics (Median Values)*

Total Population 45121

Weekly Household Income 1024

Household Size 2.40

Average Age 48

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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