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.

Erowal Bay Real Estate Market Outlook

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.

Properties for sale Erowal Bay

58 king george st, erowal bay, nsw, 2540

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$890,000 - $930,000

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Recently Sold Properties / House Prices

06-12-2024	$1,202,000	42 FIRST AVE
29-11-2024	$803,000	15 KALLAROO RD
29-11-2024	$1,750,000	85 NAVAL PDE
04-11-2024	$976,000	39 KILLARNEY RD
30-10-2024	$680,000	3 MURRAY ST
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

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Internet Speed

Download 25 Mbps / Upload 5 Mbps

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Nearby Suburbs

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Public Transport

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General Points of Interest

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