Suburb Profile Report for Nowra NSW (2541)

Nowra House: Median price $399,000, Annual capital growth 6.07%, Number of sales 201, Weekly median advertised rent $360

Nowra Unit: Median price $273,750, Annual capital growth 9.33%, Number of sales 34, Weekly median advertised rent $268

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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 22.21%.

Nowra,2541 has offered an average of 22.21% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Nowra are currently offering property investors an average price cut of -2.92% below the asking price at the moment.

Situated 123.20km from the CBD, Nowra is one of Shoalhaven localities in the postcode 2541.

Nowra is in the TOP 10% 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 31.93%.

Nowra,2541 was ranked 141 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 -2.75% . This means that Nowra is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 2.83 sales per month, which equates to 34 per year.

The NSW suburb of Nowra, 2541 is in the Shoalhaven local government area.

YIP MAG Information supplied by:

YIP MAG
June 2016

M
O

W
E
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
Metrics i HOUSE UNIT
$399,000 $273,750
4.31% 8.42%
22.21% 31.93%
6.07% 9.33%
$360 $268
201 34
4.69% 5.08%
63.22 47.7

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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
Chart Table
Recent sales & rentals