AREA REPORTS

Narooma

NSW/
Narooma

Suburb Profile

Narooma - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2546

house
unit

Property investors have seen a -3.78% drop in NAROOMA based on a decrease 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 10.88%.

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 $471,250

Profits averaged 4.98% 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 $365 based on current median home prices for the suburb.

The gross rental yield in NAROOMA, 2546 is 4.03%.

An average of 4.17 real estate transactions take place per month in NAROOMA which translates to 50 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $471,250 $215,000
GROWTH REPORT
Median Quarterly -3.78% -17.31%
Median 12 month 10.88% -18.1%
Median 3 years 14.94% -12.16%
Median 5 years 31.91% -6.93%
10 years average annual 3.19% -0.77%
Weekly media advert. rent $365 $450
Time on Market 125.4 days 107.7 days
Gross Rental Yield Percent 4.03% 10.88%
demographics (median values)
Total Population
2502
Weekly Household Income
573.2
Household Size
2.10
demographics
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