Canberra Now Boasts A 7-figure Median House Price
With double-digit growth and the steepest price acceleration in almost three decades, Canberra continues to dominate the...
Property investors have seen a 9.84% gain in NAROOMA based on an increase 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 $575,000
Profits averaged 7.23% 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 $730 based on current median home prices for the suburb.
The gross rental yield in NAROOMA, 2546 is 6.6%.
An average of 5.42 real estate transactions take place per month in NAROOMA which translates to 65 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.14%||13.04%|
|Median 3 years||21.69%||23.81%|
|Median 5 years||48.39%||25.05%|
|10 years average annual||6.5%||5.35%|
|Weekly media advert. rent||$730||$300|
|Time on Market||89.1 days||83.0 days|
|Gross Rental Yield Percent||6.6%||4.8%|