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Old Erowal Bay is a suburb in City of Shoalhaven, Australia with 1038 residents. The median house price is $700K with a rental yield of 3.9%. Our analysis rates Old Erowal Bay with a suburb score of 80/100 for investment timing.
Property prices in this suburb may grow below average in the short term. Rental growth could also slow during this consolidation phase. Consider monitoring market indicators before investing.
80
Suburb Score
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
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What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia, not just the highlighted ones advertisers pay for. We scan over 12,000 real estate agent websites daily across Australia, from the leading agencies to the smallest local ones. This effort means Picki reveals 30% more properties for sale compared to other sites. And since some homes show up on local agent sites days before they appear on the major advertising platforms, Picki provides you an early advantage.
View all propertiesSuburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
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Old Erowal Bay has a suburb score of 80/100 for investment timing, placing it among the top-performing suburbs in City of Shoalhaven for capital growth potential. The strong suburb score indicates favorable market conditions including positive price momentum, healthy rental demand, and low vacancy rates. Property investors looking for capital growth in Australia should consider Old Erowal Bay as a priority suburb.
Old Erowal Bay's capital growth outlook is positive based on current market indicators. Key drivers supporting capital growth in Old Erowal Bay include strong buyer demand, limited housing supply, and positive demographic trends. Historical data suggests Old Erowal Bay has outperformed many suburbs in City of Shoalhaven for property value appreciation.
Old Erowal Bay is located within City of Shoalhaven Local Government Area in Australia. City of Shoalhaven encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Old Erowal Bay is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Old Erowal Bay is $700K based on recent sales data. This median price positions Old Erowal Bay as a mid-market suburb in City of Shoalhaven, balancing accessibility for investors with capital growth potential.
Old Erowal Bay has an average rental yield of 3.9%, which is around the national average for Australian property. This balanced yield suggests Old Erowal Bay offers a reasonable income return while still providing capital growth potential typical of established suburbs in Australia.
Old Erowal Bay has a population of approximately 1038 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Old Erowal Bay is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Old Erowal Bay's suburb score of 80/100 can be compared against other suburbs in City of Shoalhaven to identify relative investment value. With a score above 80, Old Erowal Bay ranks among the top suburbs in the local government area for investment timing. This suggests stronger fundamentals compared to many neighboring suburbs. Compare all suburbs in City of Shoalhaven using our platform to find the best investment opportunities.
