Suburb Profile Report for Narooma NSW (2546)

Narooma House: Median price $418,000, Annual capital growth 4.16%, Number of sales 61, Weekly median advertised rent $350

Narooma Unit: Median price $260,000, Annual capital growth 1.10%, Number of sales 49, Weekly median advertised rent $325

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$418,000 $260,000
0.00% -0.95%
8.57% -7.14%
4.16% 1.10%
$350 $325
61 49
4.35% 6.50%
100.25 116.64

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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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