Narooma

POSTAL CODE: NSW, 2546

HOUSE

UNIT

Property investors have seen a 0.3% 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 $840,000

Profits averaged -5% per annum over a 3-year period, due to an downward trend in home prices in NAROOMA, 2546.

This means, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

The gross rental yield in NAROOMA, 2546 is 3.1%.

An average of 3.08 real estate transactions take place per month in NAROOMA which translates to 37 per annum.

Property investments in NAROOMA did not fare well against the rest of the country last year, registering a median home price decrease of -4.18%.

Figures from the previous quarter show that capital gains for real estate buyers in NAROOMA are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains NAROOMA, 2546 saw average growth in the long term.

This means, real estate investors could earn a rental income of $495 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In NAROOMA, homes and units usually stay on listing for an average of 84 days.

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 $527,000

Investors saw the median home price rise to $527,000.

NAROOMA ranks 134th on the list of best yielding suburbs for rental properties in NSW, posting a 4.88% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$840,000	$527,000
Growth Report
Median Quarterly	0.3%	-1.5%
Median 12 month	6.4%	-4.18%
Median 3 years	-15.58%	-9.45%
Median 5 years	54.13%	52.75%
10 years average annual	8.96%	8.99%
Weekly media advert. rent	$500	$495
Time on Market	118.4 days	84 days
Gross Rental Yield Percent	3.1%	4.88%

Demographics (Median Values)*

Total Population 9121

Weekly Household Income 848

Household Size 2.10

Average 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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