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Property investors have seen a 4.35% gain in NAROOMA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on NAROOMA, 2546 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 19.84%.
Based on its average 5-year and quarterly capital gains NAROOMA, 2546 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 $625,550
Profits averaged 9.22% per annum over a 3-year period, due to an upward trend in home prices in NAROOMA, 2546.
This means, real estate investors could earn a rental income of $900 based on current median home prices for the suburb.
The gross rental yield in NAROOMA, 2546 is 7.48%.
An average of 6 real estate transactions take place per month in NAROOMA which translates to 72 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||19.84%||17.95%|
|Median 3 years||27.66%||60.47%|
|Median 5 years||63.12%||23.21%|
|10 years average annual||7.02%||5.78%|
|Weekly media advert. rent||$900||$280|
|Time on Market||83.3 days||71.6 days|
|Gross Rental Yield Percent||7.48%||4.22%|