At number 281th in the list of Australian suburbs ordered by increase in median house value over the last year, Nowra, 2541 is in the top 10% with a property value increase of 21.25% recorded in median house prices.
The five-year average increase in median property values for Nowra,2541 has given property investors a potential capital gain of 42.12% across each of those five years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Nowra itself are offering an average vendor discount of -2.85% to real estate investors.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.69%, without taking into account capital value appreciation, which has been averaging out at 5.56%.
Nowra has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 25.87% to date .
Over the longer term, Nowra has seen property prices show investors a 54.51% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Nowra should be aiming for at least -3.21% off the asking price, which is the average vendor discount being achieved at the moment.
A $275 per week rent on the median house gives suburb investors a gross yield of circa 5.30%, without taking into account capital value appreciation, which has been averaging out at 8.80%.