West Nowra

POSTAL CODE: NSW, 2541

HOUSE

UNIT

Property investments in WEST NOWRA fare well against the rest of the country last year, registering a median home price increase of 4.29%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains WEST NOWRA, 2541 saw average growth in the long term.

Real estate investors could earn a rental income of $545 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 53.9 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $730,000.

WEST NOWRA ranks 320th on the list of best yielding suburbs for rental properties in NSW, posting a 3.88% return.

Based on its average 5-year and quarterly capital gains WEST NOWRA, 2541 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in WEST NOWRA, 2541 averaged 0% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 4.91% increase in returns based on the current median price in WEST NOWRA.

An average of 0.83 real estate transactions take place per month in WEST NOWRA which translates to 10 per annum.

10 properties were sold in WEST NOWRA during the past year, making it the 644th most active market in NSW based on total real estate transactions.

WEST NOWRA, 2541 places 485th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$730,000	$635,000
Growth Report
Median Quarterly	7.35%	-2.31%
Median 12 month	4.29%	0%
Median 3 years	8.15%	0%
Median 5 years	53.04%	38.04%
10 years average annual	8.48%	10.87%
Weekly media advert. rent	$545	$600
Time on Market	53.9 days	N/A
Gross Rental Yield Percent	3.88%	4.91%

Demographics (Median Values)*

Total Population 25641

Weekly Household Income 971

Household Size 2.30

Average Age 42

Monthly Loan Repayment 1500

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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