Property investors who have had real estate in West Nowra, 2541 should be ok 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 1.38%
A 64.59% growth in median value for property investors in West Nowra,2541 puts this suburb at number 1103th in terms of best performing suburbs in NSW
Property buyers and investors in West Nowra 2541 should be seeing an average reduction in asking price of around -4.54% . This means that West Nowra is holding prices well when compared to other suburbs in NSW.
West Nowra is 343th on a list of best yielding suburbs for rents in NSW with a 4.15% return
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Houses stumble in Nowra neighbour
Median house price: $445,000
Three-year growth: 41.5%
Rental yield: 4.3%
Situated west of the bustling town of Nowra, the suburb of West Nowra has generally been a significant grower in the NSW house market. However, CoreLogic’s findings from the November 2017 quarter indicated a 1.7% decrease in prices that brought the median house value down to under $450,000.
This makes West Nowra houses quite affordable, which, coupled with the reasonable yield of 4.3%, could be a draw for investors. Demand is still strong, with vendors selling at an average discount of just 3.7%. Houses spend an average of just 54 days on the market.
West Nowra residents are in close proximity to the amenities of Nowra. In addition to being a major tourist destination for Sydneysiders and Canberrans, Nowra is also popular with retirees, which makes West Nowra a prospective spot for older people looking to live near the water.