Old Erowal Bay is a small community in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 1,080, the suburb has an established demographic with a median age of 40. Households earn a median income of $65K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Old Erowal Bay is $686,000, having declined 3.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,300.
Public transport access includes 13 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Old Erowal Bay offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($686K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -3.1% year-on-year.
Old Erowal Bay is a small community in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 1,080, the suburb has an established demographic with a median age of 40. Households earn a median income of $65K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Old Erowal Bay is $686,000, having declined 3.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,300.
Public transport access includes 13 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Old Erowal Bay offers a gross rental yield of 4.6%, rated as moderate yield. Property prices sit below the state median ($686K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -3.1% year-on-year.