Property investors have seen a 6.89% 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 17.32%.
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 $481,000
Profits averaged 8.86% 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 $330 based on current median home prices for the suburb.
The gross rental yield in NAROOMA, 2546 is 3.57%.
An average of 4.25 real estate transactions take place per month in NAROOMA which translates to 51 per annum.
Property investments in NAROOMA fare well against the rest of the country last year, registering a median home price increase of 0%.
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.
This means, real estate investors could earn a rental income of $450 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 122.3 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 $260,000
Investors saw the median home price rise to $260,000.
NAROOMA ranks 3rd on the list of best yielding suburbs for rental properties in NSW, posting a 9% return.
Comparing the size of Geelong and...
Interesting stuff. Thank you. What about...
OMG this has got disaster written all...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal