Suburb Profile Report for Nowra NSW (2541)

Nowra House: Median price $345,500, Annual capital growth 3.64%, Number of sales 208, Weekly median advertised rent $330

Nowra Unit: Median price $207,500, Annual capital growth 5.42%, Number of sales 21, Weekly median advertised rent $263

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Nowra is an average performer in NSW when comparing median price capital growth over the last year. Nowra gave property investors a average capital gain figure when compared to the rest of the state, with 7.63%.

Over the longer term, Nowra has seen property prices show investors a 38.34% return over the last 3 years. This is worse than over the last 12 months

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Nowra itself are offering an average vendor discount of -4.49% to real estate investors.

In the last year 208 properties changed hands in Nowra, which puts it as the 53th most active market in NSW when comparing the number of sales per suburb.

Nowra is in the bottom 20% in NSW when comparing median price capital growth over the last year. Nowra gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.47%.

A 36.07% growth in median value for property investors in Nowra,2541 puts this suburb at number 443th in terms of best performing suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Nowra is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 109th in terms of most discounted suburbs in NSW

Advertised rents are around the $262.5 mark per week – giving a return of 6.58% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
June 2016

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Just over two hours south of Sydney, Nowra is the hub of the Shoalhaven district.Full summary Just over two hours south of Sydney, Nowra is the hub of the Shoalhaven district.

Its unit market has been showing some strong signs, with the median unit price increasing 43% in the past three years, and 62% in the past five.

Even with that strong growth, Nowra remains relatively affordable, as its median unit price currently sits at just $211,000.

The rental market for units in the suburb is also performing well, with the median weekly rent of $250 giving landlords a rental yield of 6%.

There are a number of factors that have likely helped Nowra’s strong run in recent years.

The centre of town has undergone something of a facelift, with a number of cafes and restaurants popping up, while the continual upgrade of the Princes Highway is making Nowra increasingly accessible.

Major employers in the area include the Manildra ethanol plant and the HMAS Albatross Naval Base.Close
HOUSE UNIT
$345,500 $207,500
3.52% -1.19%
7.63% -5.47%
3.64% 5.42%
$330 $263
208 21
4.97% 6.58%
64.88 62.37

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Nowra NSW
Demographics
Total population 9256
Median household income ($/weekly) 683
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1108 12.0
    25-34 years 964 10.4
    35-44 years 987 10.7
    45-54 years 1251 13.5
    55-64 years 1131 12.2
    Others 3817 41.2
    Age Group
    Census Count Percent(%)
    Not Married 3241 51.9
    Registered Married 2422 38.8
    Defacto Relationship 585 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 7147 87.7
    Papua New Guinea 98 1.2
    Philippines 53 0.7
    United Kingdom 433 5.3
    Other 132 1.6
    Others 284 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 0.8
    Christianity 6030 76.8
    Islam 24 0.3
    Other Religious Groups 47 0.6
    No Religion 1658 21.1
    Others 33 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 450 13.8
    $400-$599 610 18.8
    $600-$799 490 15.1
    $800-$999 332 10.2
    $1,000-$1,249 287 8.8
    Others 1081 33.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3561 53.5
    Employed, worked full-time 1459 21.9
    Employed, worked part-time 1029 15.5
    Unemployed, looking for work 401 6.0
    Employed, away from work 208 3.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 412 15.3
    Technicians & trades workers 466 17.3
    Community & personal service workers 374 13.9
    Sales 324 12.0
    Labourers 397 14.8
    Others 718 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 176 10.3
    Infants/Primary 615 35.9
    Secondary 464 27.1
    Technical or Further Educational Institution 247 14.4
    University or other Tertiary Institutions 162 9.4
    Others 51 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6583 81.7
    Semi-detached, row or terrace house, townhouse 896 11.1
    Flat, unit or apartment 421 5.2
    Caravan, cabin, houseboat 150 1.9
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1550 44.6
    Fully owned 1088 31.3
    Being purchased 796 22.9
    Other tenure type 40 1.2
    Tenure Type
Census 2011, ABS
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