Narooma is in the bottom 20% 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 -1.02%.
Taking the average capital gain, or increase in median house value, Narooma,2546 has racked up an average of -1.02% over the period. This ranks it number 1636th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Narooma 2546 should be seeing an average reduction in asking price of around -5.56% . This means that Narooma is holding prices well when compared to other suburbs in NSW.
In the last year 61 properties changed hands in Narooma, which puts it as the 531th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Narooma being $390000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.67%
Investment property in Narooma has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.93%
Narooma,2546 was ranked 1566 in Australia by increase in median property value over the quarter.
Property buyers and investors in Narooma 2546 should be seeing an average reduction in asking price of around -6.42% . This means that Narooma is holding prices well when compared to other suburbs in NSW.
The NSW suburb of Narooma, 2546 is in the Eurobodalla local government area.