Suburb Profile Report for West Nowra NSW (2541)

West Nowra House: Median price $485,000, Annual capital growth 6.77%, Number of sales 31, Weekly median advertised rent $380

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

Property investors who have had real estate in West Nowra, 2541 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 10.23%

West Nowra,2541 has offered an average of 10.23% return per annum in house price rises to property investors over the last three years.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.17% offered to property buyers. Sellers in West Nowra itself are offering an average vendor discount of -6.03% to real estate investors.

Advertised rents are around the $380 mark per week – giving a return of 4.07% based on the median price in Suburb

Information supplied by:


January 2018

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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 $450,000Full summary

Houses stumble in Nowra neighbour

Postcode: 2541

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.

Close
Metrics i HOUSE UNIT
$485,000 N/A
-1.77% N/A
10.23% N/A
6.77% N/A
$380 N/A
31 N/A
4.07% N/A
59.66 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1107
Median household income ($/weekly) 1082
Median age of persons 34
Median housing loan repayment ($/monthly) 1387
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 159 14.4
    15-19 years 105 9.5
    25-34 years 148 13.4
    35-44 years 139 12.6
    45-54 years 176 15.9
    Others 378 34.2
    Age Group
    Census Count Percent(%)
    Registered Married 373 47.3
    Not Married 326 41.4
    Defacto Relationship 89 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 955 92.5
    Papua New Guinea 7 0.7
    Philippines 6 0.6
    United Kingdom 38 3.7
    Other 13 1.3
    Others 13 1.3
    Country of Birth
    Census Count Percent(%)
    Christianity 759 76.1
    No Religion 231 23.2
    Islam 4 0.4
    Buddhism 3 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 47 13.8
    $600-$799 42 12.4
    $800-$999 33 9.7
    $1,000-$1,249 39 11.5
    $1,500-$1,999 52 15.3
    Others 127 37.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 303 36.8
    Not in the labour force 292 35.5
    Employed, worked part-time 169 20.5
    Unemployed, looking for work 31 3.8
    Employed, away from work 28 3.4
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 96 19.2
    Community & personal service workers 84 16.8
    Clerical & administrative workers 57 11.4
    Sales 67 13.4
    Labourers 61 12.2
    Others 134 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 22 8.3
    Infants/Primary 97 36.5
    Secondary 81 30.5
    Technical or Further Educational Institution 29 10.9
    University or other Tertiary Institutions 28 10.5
    Others 9 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1015 99.1
    Flat, unit or apartment 6 0.6
    Semi-detached, row or terrace house, townhouse 3 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 179 48.4
    Fully owned 104 28.1
    Rented 87 23.5
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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