EROWAL BAY ranks 186th 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% for the past year is lower than average compared to its 44.93% growth within a five-year period.
Also in EROWAL BAY, the median home price is sitting at $500,000, and the average rent at $360, this suggests property owners could potentially earn a 3.74% increase in gross rental yield.
Property investors have seen a -4.76% drop in EROWAL BAY based on a decrease 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 4.04% growth over a ten-year period. It ranks 925th on our list of suburbs that property investors should look into.