Question 1

Is Old Erowal Bay a nice place to live?

Accepted Answer

Old Erowal Bay is a quiet bayside suburb on the western shore of St Georges Basin with a relaxed coastal feel formed by foreshore reserves and native bush. Streets are mainly residential, with older cottages and low-set brick homes on generous lots and a scattering of waterfront properties for people who enjoy boating and birdwatching. The community includes retirees, families and sea-change buyers who value peace but still have the beaches of Jervis Bay and the cafés and shops of Vincentia and Huskisson within easy reach. Public transport is limited, so most residents rely on cars and the Princes Highway links the area to the broader South Coast.

It is a small community of 1,080 people with a median age of 40 and a typical household income of $1,246 a week. Families are dominated by couples and about three-quarters of homes are owner-occupied rather than rented. The suburb has seen major road reconstruction on The Wool Road, is included in a St Georges Basin floodplain risk management study and plan, and the region’s principal acute hospital is undergoing a redevelopment. Whether Old Erowal Bay suits you comes down to the lifestyle you want.

Question 2

Is it expensive to live in Old Erowal Bay?

Accepted Answer

House rents in Old Erowal Bay run to about $500 a week. Against a typical local household income of $1,246 a week as recorded at the most recent Census, that rent would take about 40.1% of income, which is a large share of a typical local household's weekly earnings. If you are renting rather than buying, that rent share is the number that matters when weighing how costly it feels for you.

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 Old Erowal Bay a good place to invest?

Accepted Answer

The past 12 months saw a solid 7.6% rise in house values in Old Erowal Bay. Over the same period, house rents fell 2.0%, a modest decline, so the capital-value increase was the stronger movement for houses this year.

If capital growth is your focus, the value rise is the key number; if rental income matters more to you, the modest fall in house rents is the figure to consider. Whether that balance fits your goals and circumstances is for you to weigh up.

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	7.6%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	111	N/A
Average rent Past 12 months	$500	N/A
Change in rent Past 12 months	-2.0%	N/A

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