If you compare the increase in value of investment property in Narooma, 2546 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 7.87%.
Across a shorter period, Narooma, 2546 has seen a median price increase of 7.18% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Narooma is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 484th in terms of most discounted suburbs in NSW
Over the last year, property investments in Narooma, 2546 have given investors a capital gain of 1.00%. This compares badly with the 6.07% for NSW as a whole.
Narooma,2546 was ranked 1220 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.94% to buyers in Narooma at the moment, which is less than average for the rest of NSW.
Narooma, 2546’s gross rental yield is 6.04%