Thinking about buying in Old Erowal Bay? Now could not be a better time, with 576 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $615,000 with prices in this suburb ranging from $99,000 to $1,748,000. Old Erowal Bay is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $301.00 |
Median Monthly Mortgage | $1296.00 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 2.50 |
Average Age | 51.00 |
Average Income | $540.00 |
Average Cars Per Dwelling | 1.91 |
Average Properties Within 50M | 8 |
1 Bed  $512,000 |
2 Bed  $650,000 |
3 Bed  $652,000 |
4 Bed  $799,000 |
5 Bed  $893,000 |
6 Bed+$745,000 |
In Old 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 Old 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 Old 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 Old 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 Old Erowal Bay a better buying opportunity than it may have been in the past.
40 MACGIBBON PDE, OLD EROWAL BAY, NSW, 2540 | 4 | 3 | 3 | Offers Invited | |
138 THE WOOL ROAD, OLD EROWAL BAY, NSW, 2540 | 3 | 1 | 1 | $575,000 - $600,000 | |
12 CAULFIELD PDE, OLD EROWAL BAY, NSW, 2540 | 4 | 3 | 3 | HUGE PRICE REDUCTION - $1,500,000 | |
36 MCGOWEN ST, OLD EROWAL BAY, NSW, 2540 | 3 | 2 | 4 | Buyers Guide $699,000 | |
17 HUNT ST, OLD EROWAL BAY, NSW, 2540 | 0 | 0 | 0 | Offers Invited | |
17 ROBERTS ST, OLD EROWAL BAY, NSW, 2540 | 3 | 1 | 0 | 549000 |
Vincentia High School
(While the above schools are located with the suburb of Old 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
25-10-2024 | $630,000 | 15 BLAIR ST |
30-09-2024 | $700,000 | 13 TIBBLES AVE |
18-09-2024 | $565,000 | 42 ROBERTS ST |
26-08-2024 | $600,000 | 5 WOODHILL ST |
19-08-2024 | $620,000 | 158 THE WOOL ROAD |
19-07-2024 | $510,000 | 37 TIBBLES AVE |
05-07-2024 | $880,000 | 17 CHRISTIANSEN AVE |
02-07-2024 | $830,000 | 26 ROBERTS ST |
03-06-2024 | $735,000 | 10 ROBERTS ST |
31-05-2024 | $1,120,000 | 48 THE CORONADO |
08-05-2024 | $1,450,000 | 19 BETHS ST |
26-04-2024 | $467,000 | 91 MACGIBBON PDE |
05-04-2024 | $635,000 | 39 ROBERTS ST |
21-03-2024 | $815,000 | 17 PRENTICE AVE |
20-03-2024 | $880,000 | 78 MACGIBBON PDE |
28-02-2024 | $830,000 | 36 CHRISTIANSEN AVE |
26-02-2024 | $630,000 | 4 MACGIBBON PDE |
06-02-2024 | $728,000 | 46 TIBBLES AVE |
29-01-2024 | $700,000 | 75 PRENTICE AVE |
24-01-2024 | $727,500 | 2 FITZPATRICK ST |
11-01-2024 | $700,000 | 38 PRENTICE AVE |
06-12-2023 | $900,000 | 9 SHEERAN ST |
16-11-2023 | $867,000 | 5 CAULFIELD PDE |
07-11-2023 | $642,500 | 41 PRENTICE AVE |
03-11-2023 | $514,500 | 2 CHRISTIANSEN AVE |
30-10-2023 | $730,000 | 22 MCGOWEN ST |
23-10-2023 | $685,000 | 134 THE WOOL ROAD |
20-10-2023 | $550,000 | 23 BLAIR ST |
05-10-2023 | $590,000 | 39 CHRISTIANSEN AVE |
12-09-2023 | $1,300,000 | 11 PRENTICE AVE |
23-08-2023 | $750,000 | 60 THE CORONADO |
20-07-2023 | $860,000 | 22 TIBBLES AVE |
23-06-2023 | $701,000 | 29 MCGOWEN ST |
09-06-2023 | $785,000 | 28 MACGIBBON PDE |
02-05-2023 | $650,000 | 51 TIBBLES AVE |
05-04-2023 | $540,000 | 8 CHRISTIANSEN AVE |
30-03-2023 | $425,000 | 152 THE WOOL ROAD |
24-03-2023 | $570,000 | 24 ROBERTS ST |
13-03-2023 | $700,000 | 25 CHRISTIANSEN AVE |
22-02-2023 | $600,000 | 10 HUNT ST |
16-02-2023 | $550,000 | 14 MACGIBBON PDE |
25-01-2023 | $550,000 | 30 BLAIR ST |
20-01-2023 | $670,000 | 34 TIBBLES AVE |
16-12-2022 | $237,500 | 32 MCGOWEN ST |
15-12-2022 | $730,000 | 12 HUNT ST |
24-11-2022 | $630,000 | 4 MACGIBBON PDE |
17-10-2022 | $545,000 | 32 THE CORONADO |
18-08-2022 | $287,500 | 132 THE WOOL ROAD |
18-07-2022 | $655,000 | 10 FITZPATRICK ST |
15-07-2022 | $532,750 | 76 PRENTICE AVE |
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