Thinking about buying in Erowal Bay? Now could not be a better time, with 520 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $790,000 with prices in this suburb ranging from $44,000 to $4,074,000. Erowal Bay is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In Erowal Bay there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Erowal Bay is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Erowal Bay leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Erowal Bay we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Erowal Bay a better buying opportunity than it may have been in the past.
3 KALLAROO RD, EROWAL BAY, NSW, 2540 | 4 | 2 | 4 | $1,200,000 - $1,250,000 | |
32 KILLARNEY RD, EROWAL BAY, NSW, 2540 | 4 | 3 | 4 | $1,560,000 | |
85 NAVAL PDE, EROWAL BAY, NSW, 2540 | 3 | 2 | 2 | $1,700,000 - $1,800,000 | |
58 KING GEORGE ST, EROWAL BAY, NSW, 2540 | 3 | 1 | 4 | $890,000 - $930,000 | |
1 SECOND AV, EROWAL BAY, NSW, 2540 | 8 | 4 | 2 | $1,400,000 Price Guide | |
37 KILLARNEY RD, EROWAL BAY, NSW, 2540 | 2 | 2 | 1 | Buyers Guide $950,000 |
Vincentia High School
Sanctuary Point Public School
(While the above schools are located with the suburb of Erowal Bay there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.7 | 19.2 | 25.4 | 65.8 | 89.8 | 4.8 | 22.9 |
Feb | 4.4 | 19.0 | 24.8 | 66.9 | 89.3 | 4.6 | 19.3 |
Mar | 4.5 | 18.2 | 24.1 | 62.2 | 87.5 | 4.8 | 16.1 |
Apr | 2.7 | 15.5 | 22.2 | 56.9 | 84.4 | 4.1 | 14.2 |
May | 1.9 | 13.3 | 20.0 | 52.4 | 78.7 | 4.4 | 11.2 |
Jun | 3.4 | 11.3 | 17.5 | 53.4 | 77.1 | 4.5 | 9.0 |
Jul | 2.1 | 10.2 | 17.5 | 46.5 | 72.6 | 4.4 | 10.1 |
Aug | 2.7 | 10.5 | 18.0 | 44.5 | 74.6 | 4.8 | 12.8 |
Sept | 1.5 | 12.2 | 19.9 | 47.3 | 80.2 | 4.5 | 16.6 |
Oct | 2.6 | 14.0 | 21.3 | 55.1 | 85.2 | 4.7 | 20.6 |
Nov | 2.1 | 15.8 | 23.1 | 56.4 | 85.0 | 4.6 | 22.3 |
Dec | 2.4 | 17.6 | 24.0 | 61.6 | 85.7 | 4.5 | 22.4 |
source: Australian Government Bureau of Meteorology
16-07-2024 | $97,000 | 38 KALLAROO RD |
28-06-2024 | $1,100,000 | 145 NAVAL PDE |
03-04-2024 | $362,500 | 117 NAVAL PDE |
05-03-2024 | $865,000 | 114 NAVAL PDE |
09-08-2023 | $685,000 | 7 KALLAROO RD |
23-06-2023 | $1,260,000 | 21 NAVAL PDE |
13-06-2023 | $820,000 | 3 HIGH ST |
17-05-2023 | $690,000 | 70 NAVAL PDE |
27-02-2023 | $2,200,000 | 149 NAVAL PDE |
20-01-2023 | $1,320,000 | 173 NAVAL PDE |
17-01-2023 | $850,000 | 42 GRANDVIEW ST |
16-12-2022 | $960,000 | 16 GRANDVIEW ST |
09-12-2022 | $820,000 | 17 SECOND AVE |
26-09-2022 | $325,000 | 47 KING GEORGE ST |
05-09-2022 | $970,000 | 84 NAVAL PDE |
19-08-2022 | $800,000 | 8 GURUMBI LANE |
26-07-2022 | $70,000 | 26 GRANDVIEW ST |
11-07-2022 | $1,170,000 | 5 FIRST AVE |
17-06-2022 | $825,000 | 79 NAVAL PDE |
16-05-2022 | $1,985,000 | 55 NAVAL PDE |
21-03-2022 | $995,000 | 38 GRANDVIEW ST |
08-02-2022 | $1,800,000 | 66 GRANDVIEW ST |
31-01-2022 | $940,000 | 32 FIRST AVE |
10-01-2022 | $700,000 | 1 HIGH ST |
21-12-2021 | $1,450,000 | 121 NAVAL PDE |
17-12-2021 | $833,000 | 41 GRANDVIEW ST |
17-12-2021 | $1,390,000 | 181 NAVAL PDE |
11-11-2021 | $1,650,000 | 179 NAVAL PDE |
29-10-2021 | $765,000 | 4 FIRST AVE |
20-09-2021 | $796,000 | 10 KILLARNEY RD |
31-08-2021 | $831,000 | 40 KING GEORGE ST |
27-08-2021 | $780,000 | 2 KALLAROO RD |
27-07-2021 | $76,300 | 2 KILLARNEY RD |
02-06-2021 | $630,000 | 18 GRANDVIEW ST |
02-06-2021 | $650,000 | 21 FIRST AVE |
02-06-2021 | $630,000 | 18 GRANDVIEW ST |
02-06-2021 | $650,000 | 21 FIRST AVE |
12-05-2021 | $850,000 | 35 SECOND AVE |
31-03-2021 | $710,000 | 55 KING GEORGE ST |
19-03-2021 | $752,500 | 28 KILLARNEY RD |
18-03-2021 | $830,000 | 60 KALLAROO RD |
18-03-2021 | $5,500 | 36 KILLARNEY RD |
18-03-2021 | $830,000 | 60 KALLAROO RD |
18-03-2021 | $5,500 | 36 KILLARNEY RD |
05-03-2021 | $560,000 | 7 KALLAROO RD |
03-03-2021 | $950,000 | 21 NAVAL PDE |
19-02-2021 | $375,000 | 20 KALLAROO RD |
12-02-2021 | $730,000 | 19 SECOND AVE |
10-02-2021 | $580,000 | 3 GRANDVIEW ST |
22-01-2021 | $656,000 | 3 WHARF RD |
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