Property investors have seen a 3.78% 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 $425,500
Profits averaged 5.26% 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 $360 based on current median home prices for the suburb.
The gross rental yield in NAROOMA, 2546 is 4.4%.
An average of 4.92 real estate transactions take place per month in NAROOMA which translates to 59 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.1%||-2.92%|
|Median 3 years||15.78%||9.47%|
|Median 5 years||15.63%||7.19%|
|10 years average annual||4.47%||0.76%|
|Weekly media advert. rent||$360||$320|
|Time on Market||113.7 days||121.7 days|
|Gross Rental Yield Percent||4.4%||6.47%|