Giving property investors a an average capital gain of 8.57% for the last year, Narooma, 2546 is the 1695th highest performer in Australia in this respect.
The five-year average increase in median property values for Narooma,2546 has given property investors a potential capital gain of 24.78% across each of those five years.
Our latest figures would indicate that property sellers in Narooma are currently offering property investors an average price cut of -5.45% below the asking price at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 4.16%.
Narooma is in the bottom 10% in NSW when comparing median price capital growth over the last year. Narooma gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.14%.
Narooma,2546 was ranked 1235 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.16% offered to property buyers. Sellers in Narooma itself are offering an average vendor discount of -6.20% to real estate investors.
In the last year 49 properties changed hands in Narooma, which puts it as the 285th most active market in NSW when comparing the number of sales per suburb.
A $325 per week rent on the median house gives suburb investors a gross yield of circa 6.50%, without taking into account capital value appreciation, which has been averaging out at 1.10%.