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Narooma
AREA REPORTS

Narooma

Narooma - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2546

house
unit

Property investors have seen a -1.4% drop in NAROOMA based on a decrease in median home prices for the past three months.

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 $530,000

Profits averaged 4.28% 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 $875 based on current median home prices for the suburb.

The gross rental yield in NAROOMA, 2546 is 8.58%.

An average of 4.25 real estate transactions take place per month in NAROOMA which translates to 51 per annum.

Data report can be found below

Narooma
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $530,000 $321,500
GROWTH REPORT
Median Quarterly -1.4% 0%
Median 12 month 0% 10.39%
Median 3 years 12.83% 24.98%
Median 5 years 40.4% 23.65%
10 years average annual 6.27% 5.07%
Weekly media advert. rent $875 $300
Time on Market 105.3 days 109.8 days
Gross Rental Yield Percent 8.58% 4.85%
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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