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9 MIN READProperty Market Update: Brisbane, April 2022
Brisbane remained golden in April, as house values in the city marched higher to hit a new record high. But with a rate ...
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South NowraSouth Nowra - SUBURB PROFILE REPORT
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Property investors have seen a 6.37% gain in SOUTH NOWRA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on SOUTH NOWRA, 2541 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 22.3%.
Based on its average 5-year and quarterly capital gains SOUTH NOWRA, 2541 saw average growth in the long term.
The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $735,000
Profits averaged 10.14% per annum over a 3-year period, due to an upward trend in home prices in SOUTH NOWRA, 2541.
This means, real estate investors could earn a rental income of $545 based on current median home prices for the suburb.
The gross rental yield in SOUTH NOWRA, 2541 is 3.86%.
An average of 7.75 real estate transactions take place per month in SOUTH NOWRA which translates to 93 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $735,000 | $510,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.37% | N/A |
| Median 12 month | 22.3% | N/A |
| Median 3 years | 30.43% | N/A |
| Median 5 years | 61.54% | N/A |
| 10 years average annual | 8.59% | N/A |
| Weekly media advert. rent | $545 | N/A |
| Time on Market | 54.2 days | 0.0 days |
| Gross Rental Yield Percent | 3.86% | N/A |
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