Fraud Blocker

Erowal Bay, NSW 2540

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Erowal Bay, NSW 2540 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Erowal Bay, NSW 2540”

  1. The total adult population (15 years or older) of Erowal Bay 2540 NSW is 551, with a median age of 49. Of those, 45.37% are married, 16.88% are divorced or separated, 30.85% are single and 5.81% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,300. The median monthly mortgage repayment for households in this suburb is $1,517 which is 24.08% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Erowal Bay, with postcode 2540, is nestled within the jurisdiction of New South Wales and is home to approximately 502 households. As we approached the third quarter of 2023, market indicators showed that the typical price of houses within the suburb stood at approximately $830,266.00. Weekly rentals in Erowal Bay averaged around $437, suggesting an indicative yield of 2.74%.

    It’s essential to take note of the suburb’s IRSAD score, which offers key insights into the socio-economic conditions prevalent within the area. With a score of 946 out of 1217, Erowal Bay demonstrates a relatively favourable socio-economic climate, which can be a significant determinant factor among savvy property investors.

    Additionally, the renter to owner ratio is pegged at 25%, which is quite promising, being well below the 30% threshold mentioned above. Similarly, in terms of property types, the data shows a 0% units to houses ratio, indicating an absence of unit-style dwellings, which may contribute to a stable rental yield, benefiting landlords due to a lack of competition.

    However, Erowal Bay’s affordability index is relatively high at 52 years, exceeding the preferable range, thereby revealing a more challenging market for potential homeowners to gain full property ownership.

    On the supply side, Erowal Bay experienced a stock on market Percentage of 0.2%, representing a highly favourable low supply market for houses. Simultaneously, the inventory level, or the equivalent Months of Supply, for houses was about 1.33 months, aligning the suburb again with the qualities of a low supply market.

    In terms of new housing supply, the Building Approval Ratio held firm at 0.0%, indicating negligible growth in new housing. This particular data point is typically perceived as beneficial as it reduces the risk of an over-supplied market.

    One key aspect to note when analysing the Erowal Bay property market is the relatively high Days on Market, showing 135 days on average. This value falls within the high range, which could suggest a lower demand for properties within the area.

    Despite that, the buy search index for houses stood at a robust 6, underlining the inherent interest in purchasing property in the area. However, the vacancy rate came in at 3.97%, a slightly high value revealing an increased risk for property investors due to potential vacant periods and consequently possible loss of income.

    In conclusion, Erowal Bay’s market data indicate a mixed bag of favourable and slightly concerning indicators. However, it’s integral to approach these data points holistically, factoring in other aspects such as individual property features, market trends, and overall investment strategy.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment