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West Nowra
AREA REPORTS

West Nowra

West Nowra - SUBURB PROFILE REPORT
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 24.38%.

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 $470 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 39.1 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 $602,000.

WEST NOWRA ranks 183rd on the list of best yielding suburbs for rental properties in NSW, posting a 4.06% return.

Data report can be found below

West Nowra
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $602,000 $495,000
GROWTH REPORT
Median Quarterly 0.33% 2.06%
Median 12 month 24.38% 10%
Median 3 years 26.74% N/A
Median 5 years 56.36% N/A
10 years average annual 8.75% 10%
Weekly media advert. rent $470 $520
Time on Market 39.1 days 0.0 days
Gross Rental Yield Percent 4.06% 5.46%
demographics (median values)*
Total Population
25641
Weekly Household Income
971
Household Size
2.30
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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