Suburb Profile Report for Narooma NSW (2546)

Narooma House: Median price $489,500, Annual capital growth 3.64%, Number of sales 64, Weekly median advertised rent $375

Narooma Unit: Median price $232,500, Annual capital growth 0.16%, Number of sales 39, Weekly median advertised rent $500

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

With a capital gain of 15.18% for the last 12 months, Narooma, 2546 has performed for property investments than its average annual 3.64% property growth over the last 5 years.

Narooma,2546 has offered an average of 15.18% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Narooma, 2546. Typically our figures indicate that -7.13% is being offered, which puts this NSW suburb at 1725th most discounted overall in Australia.

Over the last year, property investments in Narooma, 2546 have given investors a capital gain of -9.71%. This compares very badly with the 1.12% for NSW as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Narooma comes in at number 583th in NSW.

Property buyers and investors in Narooma 2546 should be seeing an average reduction in asking price of around -3.50% . This means that Narooma is holding prices well when compared to other suburbs in NSW.

On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.

Narooma, 2546’s gross rental yield is 11.18%

Metrics i HOUSE UNIT
$489,500 $232,500
-0.05% 8.14%
15.18% -9.71%
3.64% 0.16%
$375 $500
64 39
3.98% 11.18%
161.31 109

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload but we note that our providers routinely update data and we are currently working on a solution to include these retrospective updates.

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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Recent sales & rentals