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Narooma
AREA REPORTS

Narooma

Narooma - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2546

house
unit

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.

Data report can be found below

Narooma
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $625,550 $345,000
GROWTH REPORT
Median Quarterly 4.35% -6.76%
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%
demographics (median values)*
Total Population
9121
Weekly Household Income
848
Household Size
2.10
Age
58
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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