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Old Erowal Bay
AREA REPORTS

Old Erowal Bay

Old Erowal Bay - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2540

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Property investors enjoyed capital gains of 25% over the last 12 months in OLD EROWAL BAY, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in OLD EROWAL BAY are high, as opposed to average gains per annum over the past five years.

The suburb posted a 19.05% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $355 based on current median home prices for the suburb.

On average, rents on listings have reached the $355 mark, reflecting a 3.69% increase in returns based on the current median price in OLD EROWAL BAY.

OLD EROWAL BAY, 2540 ranks 108th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 448th on the list of best yielding suburbs for rental properties in NSW, posting a 3.69% return.

Data report can be found below

Old Erowal Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $500,000 N/A
GROWTH REPORT
Median Quarterly 19.05% N/A
Median 12 month 25% N/A
Median 3 years 19.05% N/A
Median 5 years 53.85% N/A
10 years average annual 7.22% N/A
Weekly media advert. rent $355 N/A
Time on Market 76.0 days N/A
Gross Rental Yield Percent 3.69% N/A
demographics (median values)*
Total Population
45121
Weekly Household Income
1024
Household Size
2.40
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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