Suburb Profile Report for Narooma NSW (2546)

Narooma House: Median price $455,000, Annual capital growth 4.68%, Number of sales 57, Weekly median advertised rent N/A

Narooma Unit: Median price $256,500, Annual capital growth 3.60%, Number of sales 44, Weekly median advertised rent N/A

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

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Narooma has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -1.59% to date .

Over the longer term, Narooma has seen property prices show investors a 20.00% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -6.73% to buyers in Narooma at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Narooma the average time real estate has been on the market is 107.867 days.

Investment property in Narooma has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.57%

If we look at median property appreciation over just the last three months, Narooma has given property investors a paper return of 7.51%. This puts Suburb as 34 on a list of fastest fasting appreciating suburbs in NSW

LACK OF BUYER INTEREST may well be the reason that Narooma is offering property investors an average of -6.52. This rate of discount on properties puts Suburb at number 295th in terms of most discounted suburbs in NSW

Metrics i HOUSE UNIT
$455,000 $256,500
-2.11% 7.51%
-1.59% -4.57%
4.68% 3.60%
N/A N/A
57 44
N/A N/A
107.86667 69.30769

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 2416
Median household income ($/weekly) 724
Median age of persons 53
Median housing loan repayment ($/monthly) 1300
Average household size 2
  • Census Count Percent(%)
    35-44 years 252 10.4
    45-54 years 330 13.7
    55-64 years 489 20.2
    65-74 years 346 14.3
    75-84 years 237 9.8
    Others 763 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 936 51.2
    Not Married 727 39.8
    Defacto Relationship 165 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1910 84.7
    New Zealand 19 0.8
    Papua New Guinea 34 1.5
    United Kingdom 162 7.2
    Other 44 2.0
    Others 85 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 1.3
    Christianity 1522 70.9
    Islam 11 0.5
    Other Religious Groups 13 0.6
    No Religion 570 26.6
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 140 14.4
    $400-$599 182 18.8
    $600-$799 110 11.4
    $800-$999 125 12.9
    $1,000-$1,249 90 9.3
    Others 322 33.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1064 54.5
    Employed, worked full-time 441 22.6
    Employed, worked part-time 342 17.5
    Employed, away from work 54 2.8
    Unemployed, looking for work 52 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 126 15.0
    Professionals 119 14.1
    Technicians & trades workers 135 16.1
    Community & personal service workers 114 13.6
    Labourers 112 13.3
    Others 235 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 43 10.6
    Infants/Primary 135 33.2
    Secondary 115 28.3
    Technical or Further Educational Institution 63 15.5
    University or other Tertiary Institutions 34 8.4
    Others 17 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1692 77.3
    Flat, unit or apartment 222 10.1
    Semi-detached, row or terrace house, townhouse 187 8.5
    Caravan, cabin, houseboat 80 3.7
    House or flat attached to a shop, office 7 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 512 49.4
    Rented 294 28.4
    Being purchased 224 21.6
    Other tenure type 6 0.6
    Tenure Type
Census 2011, ABS
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