Suburb Profile Report for Narooma NSW (2546)

Narooma House: Median price $392,500, Annual capital growth 3.72%, Number of sales 57, Weekly median advertised rent $345

Narooma Unit: Median price $280,000, Annual capital growth 3.03%, Number of sales 41, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Narooma, 2546 have given investors a capital gain of 3.56%. This compares badly with the 6.38% for NSW as a whole.

Across a shorter period, Narooma, 2546 has seen a median price increase of 1.29% over the last quarter.

At number 510th of NSW’s most discounted properties, Narooma is in the middle of the state/territory when listing in order of most discounted to least.

Narooma is 298th on a list of best yielding suburbs for rents in NSW with a 4.57% return

Property investors who have had real estate in Narooma, 2546 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.73%

Narooma,2546 has offered an average of 7.73% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Narooma should be aiming for at least -6.96% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.03%, investors should hope to achieve an overall return of 4.83%

HOUSE UNIT
$392,500 $280,000
1.29% -5.08%
3.56% 7.73%
3.72% 3.03%
$345 $260
57 41
4.57% 4.83%
104.97 112.52

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2416
Median household income ($/weekly) 724
Median age of persons 53
Median housing loan repayment ($/monthly) 1300
Average household size 2
  • Census Count Percent(%)
    35-44 years 252 10.4
    45-54 years 330 13.7
    55-64 years 489 20.2
    65-74 years 346 14.3
    75-84 years 237 9.8
    Others 763 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 936 51.2
    Not Married 727 39.8
    Defacto Relationship 165 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1910 84.7
    New Zealand 19 0.8
    Papua New Guinea 34 1.5
    United Kingdom 162 7.2
    Other 44 2.0
    Others 85 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 1.3
    Christianity 1522 70.9
    Islam 11 0.5
    Other Religious Groups 13 0.6
    No Religion 570 26.6
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 140 14.4
    $400-$599 182 18.8
    $600-$799 110 11.4
    $800-$999 125 12.9
    $1,000-$1,249 90 9.3
    Others 322 33.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1064 54.5
    Employed, worked full-time 441 22.6
    Employed, worked part-time 342 17.5
    Employed, away from work 54 2.8
    Unemployed, looking for work 52 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 126 15.0
    Professionals 119 14.1
    Technicians & trades workers 135 16.1
    Community & personal service workers 114 13.6
    Labourers 112 13.3
    Others 235 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 43 10.6
    Infants/Primary 135 33.2
    Secondary 115 28.3
    Technical or Further Educational Institution 63 15.5
    University or other Tertiary Institutions 34 8.4
    Others 17 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1692 77.3
    Flat, unit or apartment 222 10.1
    Semi-detached, row or terrace house, townhouse 187 8.5
    Caravan, cabin, houseboat 80 3.7
    House or flat attached to a shop, office 7 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 512 49.4
    Rented 294 28.4
    Being purchased 224 21.6
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals