Erowal Bay is a small community in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 652, the suburb has a mature demographic with a median age of 49. Households earn a median income of $73K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Erowal Bay is $930,000, having increased 3.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,517.
Public transport access includes 11 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Erowal Bay offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($930K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved +3.3% year-on-year.
Erowal Bay is a small community in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 652, the suburb has a mature demographic with a median age of 49. Households earn a median income of $73K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Erowal Bay is $930,000, having increased 3.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,517.
Public transport access includes 11 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Erowal Bay offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($930K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.7x is considered stretched. House prices have moved +3.3% year-on-year.