How Much Of The Housing Market Can You Afford?
Aussies can no longer rely on their incomes and savings alone to fund a property purchase, as prices soar and incomes st...
Property investors have seen a -1.4% drop in NAROOMA based on a decrease 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 $530,000
Profits averaged 4.28% 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 $875 based on current median home prices for the suburb.
The gross rental yield in NAROOMA, 2546 is 8.58%.
An average of 4.25 real estate transactions take place per month in NAROOMA which translates to 51 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0%||10.39%|
|Median 3 years||12.83%||24.98%|
|Median 5 years||40.4%||23.65%|
|10 years average annual||6.27%||5.07%|
|Weekly media advert. rent||$875||$300|
|Time on Market||105.3 days||109.8 days|
|Gross Rental Yield Percent||8.58%||4.85%|