With a capital gain of 24.53% for the last 12 months, Nowra, 2541 has performed for property investments than its average annual 6.83% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Nowra comes in at number 429th in NSW.
Sellers are offering property buyers an average discount of -2.85% to buyers in Nowra at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Nowra the average time real estate has been on the market is 40.53 days.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.36%, without taking into account capital value appreciation, which has been averaging out at 6.83%.
Nowra is in the TOP 10% in NSW when comparing median price capital growth over the last year. Nowra gave property investors a very good capital gain figure when compared to the rest of the state, with 32.53%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nowra has increased when compared to the 5 year average annual rate.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Nowra itself are offering an average vendor discount of -2.12% to real estate investors.
Often selling an investment property can take time, and in Nowra the average time real estate has been on the market is 40.68 days.
Situated 125.25km from the CBD, Nowra is one of Shoalhaven localities in the postcode 2541.