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Old Erowal Bay, NSW 2540
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$760,000
market range $650K-$1.0M
Median Unit
$620,000
Gross Yield (units)
4.3%
1yr Growth (houses)
+3.2%
market range +0.0% to +7.5%
Investment snapshot for Old Erowal Bay
Old Erowal Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Old Erowal Bay market and investor summary
Old Erowal Bay (NSW 2540) runs a median house price of $760K. House prices have moved +3.2% over the past year. At 2.4% vacancy, it is a broadly balanced rental market.
Houses also take time to sell, around 118 days on market, so plan for a slower exit if you ever need one.
Living in Old Erowal Bay: people, income and schools
Old Erowal Bay has a resident population of roughly 1,080, a number that has held fairly steady over five years. The median age is 40, skewed a little older, and families account for 69% of households.
Households here earn a median of about $65,000 a year, or roughly $1,250 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 11.7 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 36% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 4 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 3 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,080
- +4% over 5yr
- Median age
- 40 years
- Median household income
- $65,000/yr
- Households renting
- 24%
- Family households
- 69%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 4
- avg ICSEA 950
- Unemployment
- 4.4%
- Walk score
- 3/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Old Erowal Bay
View all →Frequently asked questions about Old Erowal Bay
What should I check before investing in Old Erowal Bay?
Old Erowal Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Old Erowal Bay?
The median property price in Old Erowal Bay, NSW 2540 is $760K for houses and $620K for units.
What rental yield does Old Erowal Bay show?
The gross rental yield in Old Erowal Bay is 4.3% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Old Erowal Bay?
House prices in Old Erowal Bay are up 3.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Old Erowal Bay?
The current vacancy rate in Old Erowal Bay is 2.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Old Erowal Bay?
Old Erowal Bay has a population of approximately 1,080 residents, with a median age of 40.
What schools are near Old Erowal Bay?
There are 4 schools within roughly 5km of Old Erowal Bay. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Old Erowal Bay affordable to buy in?
A median house in Old Erowal Bay costs about 11.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Old Erowal Bay's population growing?
The population of Old Erowal Bay has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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