NSW has seen average median house prices change by 11.06% which means that Nowra, 2541 has done well for property investors by showing a capital gain of 21.64% over the last year
Nowra,2541 was ranked 1181 in Australia by increase in median property value over the quarter.
Property buyers and investors in Nowra 2541 should be seeing an average reduction in asking price of around -2.80% . This means that Nowra is holding prices well when compared to other suburbs in NSW.
In the last year 224 properties changed hands in Nowra, which puts it as the 44th most active market in NSW when comparing the number of sales per suburb.
Situated 122.31km from the CBD, Nowra is one of Shoalhaven localities in the postcode 2541.
Giving property investors a a solid capital gain of 30.95% for the last year, Nowra, 2541 is the 38th highest performer in Australia in this respect.
Comparing Nowra,2541 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Nowra should be aiming for at least -2.93% off the asking price, which is the average vendor discount being achieved at the moment.
A $267.5 per week rent on the median house gives suburb investors a gross yield of circa 5.06%, without taking into account capital value appreciation, which has been averaging out at 8.61%.