North Nowra has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.58% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Nowra has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in North Nowra are currently offering property investors an average price cut of -2.78% below the asking price at the moment.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 4.57%, without taking into account capital value appreciation, which has been averaging out at 4.90%.
If you compare the increase in value of investment property in North Nowra, 2541 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 23.09%.
North Nowra,2541 was ranked 114 in Australia by increase in median property value over the quarter.
Property buyers and investors in North Nowra 2541 should be seeing an average reduction in asking price of around -1.01% . This means that North Nowra is holding prices well when compared to other suburbs in NSW.
North Nowra, 2541’s gross rental yield is 4.88%