Suburb Profile Report for Narooma NSW (2546)

Narooma House: Median price $418,000, Annual capital growth 4.34%, Number of sales 66, Weekly median advertised rent N/A

Narooma Unit: Median price $255,000, Annual capital growth 0.94%, Number of sales 52, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Narooma has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.82%

Narooma,2546 was ranked 3394 in Australia by increase in median property value over the quarter.

The most recent median price for Narooma is $418000, with sellers offering an average of -4.52% off the asking price.

Residents and property investors in Narooma have been waiting around 103 days to sell a property.

Narooma has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.53% to date .

Narooma,2546 was ranked 1440 in Australia by increase in median property value over the quarter.

Narooma2546 is located in NSW which offers an average discount of -4.11% to property investors. Narooma itself is showing figures that indicate -5.59% is the average achievable by property buyers investing in the suburb.

Narooma, 2546’s gross rental yield is 6.12%

Metrics i HOUSE UNIT
$418,000 $255,000
-1.65% -2.86%
5.82% -10.53%
4.34% 0.94%
N/A $300
66 52
N/A 6.12%
103 140.77

Source: CoreLogic

DSR Score for property investment : Good (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
Chart Table
Recent sales & rentals