Question 1

Is Erowal Bay a nice place to live?

Accepted Answer

Erowal Bay sits on the shores of St Georges Basin and is made up of quiet streets, bushland edges and sheltered water frontage. Life there is relaxed, water-focused, with boating, fishing and kayaking the everyday draw rather than surf beach culture, and a mix of waterfront homes, holiday houses and modest family residences set among native gardens. Local shops and services are in nearby centres, and the white-sand beaches and national park reserves of Jervis Bay are within easy reach.

The community is small and settled, with 652 residents and a median age of 49, and weighted towards families—couple families without children are the largest group and couples with children are also common. Homes are mostly owner-occupied, with owner-occupiers outnumbering renters roughly three to one. Shoalhaven City Council is progressing a number of local service upgrades and proposals, from mains works and a proposed maintenance depot to floodplain mitigation options that affect Erowal Bay. Whether Erowal Bay suits you depends on how much you want a quieter, water-oriented lifestyle and easy access to nearby centres.

Question 2

Is it expensive to live in Erowal Bay?

Accepted Answer

For renters in Erowal Bay, housing costs take a sizeable share of local income as recorded at the last Census. At $545 a week against a median household income of $1,407 a week, that rent would be about 38.7% of a typical local household's weekly income.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Erowal Bay a good place to invest?

Accepted Answer

House rents in Erowal Bay jumped 10.1% over the past year, a strong rise in the income a house can earn. Over the same 12 months house values fell 1.8%, a slight decline, so for houses rental income has outperformed capital value movement this year.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-1.8%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	$545	N/A
Change in rent Past 12 months	10.1%	N/A

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