Nowra is in the TOP 20% in NSW when comparing median price capital growth over the last year. Nowra gave property investors a very good capital gain figure when compared to the rest of the state, with 18.75%.
Taking the average capital gain, or increase in median house value, Nowra,2541 has racked up an average of 18.75% over the period. This ranks it number 478th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -3.26% to buyers in Nowra at the moment, which is less than average for the rest of NSW.
In the last year 191 properties changed hands in Nowra, which puts it as the 72th most active market in NSW when comparing the number of sales per suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.79%, without taking into account capital value appreciation, which has been averaging out at 4.84%.
Over the last year, property investments in Nowra, 2541 have given investors a capital gain of 10.71%. This compares favourably with the 5.88% for NSW as a whole.
Over the longer term, Nowra has seen property prices show investors a 30.99% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Nowra are currently offering property investors an average price cut of -4.55% below the asking price at the moment.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Advertised rents are around the $270 mark per week – giving a return of 6.04% based on the median price in Suburb