Old Erowal Bay NSW 2540: Property Market Report & Real Estate Insights

Part of Shoalhaven, NSW

Old Erowal Bay Real Estate Market Outlook

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.

Living in Old Erowal Bay

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.

Instant Property Valuation

Old Erowal Bay, located in the picturesque Shoalhaven region of New South Wales, offers a serene environment for potential homebuyers. The housing market in this quaint coastal village primarily features single-family homes, with a mix of charming older cottages and modern residences. Real estate in Old Erowal Bay typically offers more affordable options compared to its neighboring areas, making it an attractive choice for first-time buyers, retirees, and those seeking a relaxed lifestyle away from the hustle and bustle of city life. With its proximity to the stunning beaches of Jervis Bay, as well as the natural beauty of nearby national parks, properties in Old Erowal Bay offer the dual allure of tranquil living and easy access to recreational activities.

Living in Old Erowal Bay is characterized by a strong sense of community and a laid-back atmosphere. Residents enjoy a lifestyle that is deeply connected to nature, with outdoor activities such as boating, fishing, and beach walks being popular pastimes. The village’s convenient location allows for easy access to the amenities of larger nearby towns like Vincentia and Huskisson, where one can find shops, cafes, and schools. Community events and local markets contribute to a vibrant social scene, providing opportunities for neighbors to connect and foster a welcoming environment. Overall, Old Erowal Bay is a haven for those looking to enjoy a peaceful, community-focused life in one of New South Wales' most scenic coastal settings.

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