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North NaroomaNorth Narooma - SUBURB PROFILE REPORT
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Property investors have seen a -1.77% drop in NORTH NAROOMA based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on NORTH NAROOMA, 2546 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 16.4%.
Based on its average 5-year and quarterly capital gains NORTH 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 $667,000
Profits averaged 10.05% per annum over a 3-year period, due to an upward trend in home prices in NORTH NAROOMA, 2546.
This means, real estate investors could earn a rental income of $852.5 based on current median home prices for the suburb.
The gross rental yield in NORTH NAROOMA, 2546 is 6.65%.
An average of 1.92 real estate transactions take place per month in NORTH NAROOMA which translates to 23 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $667,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.77% | N/A |
| Median 12 month | 16.4% | N/A |
| Median 3 years | 30.15% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 5.97% | N/A |
| Weekly media advert. rent | $852.5 | N/A |
| Time on Market | 65.8 days | N/A |
| Gross Rental Yield Percent | 6.65% | N/A |
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