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%