Suburb Profile Report for West Nowra NSW (2541)

West Nowra House: Median price $505,000, Annual capital growth 7.47%, Number of sales 17, Weekly median advertised rent $385

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

At number 653th in the list of Australian suburbs ordered by increase in median house value over the last year, West Nowra, 2541 is in the top 20% with a property value increase of 13.48% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, West Nowra comes in at number 86th in NSW.

LACK OF BUYER INTEREST may well be the reason that West Nowra is offering property investors an average of -5.93. This rate of discount on properties puts Suburb at number 1036th in terms of most discounted suburbs in NSW

At number 457 in a list of fastest selling suburbs, West Nowra is in the TOP 20% of suburbs in Australia with an average of days on market 44.15 for properties listed there.

With the median price for a house in West Nowra being $505000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 3.96%

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
$505,000 N/A
2.02% N/A
13.48% N/A
7.47% N/A
$385 N/A
17 N/A
3.96% N/A
44.15 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in West Nowra NSW
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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Recent sales & rentals