Property investors have seen a 0% 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 $418,000
Profits averaged 10.48% 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 $350 based on current median home prices for the suburb.
The gross rental yield in NAROOMA, 2546 is 4.35%.
An average of 5.08 real estate transactions take place per month in NAROOMA which translates to 61 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.57%||-7.14%|
|Median 3 years||31.45%||13.04%|
|Median 5 years||24.78%||1.66%|
|10 years average annual||4.16%||1.1%|
|Weekly media advert. rent||$350||$325|
|Time on Market||100.2 days||116.6 days|
|Gross Rental Yield Percent||4.35%||6.5%|