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