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Narooma, NSW 2546

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Narooma, NSW 2546 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Narooma, NSW 2546”

  1. The total adult population (15 years or older) of Narooma 2546 NSW is 2,407, with a median age of 58. Of those, 44.20% are married, 18.49% are divorced or separated, 28.25% are single and 9.31% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,196. The median monthly mortgage repayment for households in this suburb is $1,517 which is 29.20% of their earnings.

    Source: ABS Census Data (2021)

  2. The coastal town of Narooma, NSW (postcode 2546), renowned for its natural beauty and relaxed lifestyle, is home to an estimated 2,435 households. An insight into the Q3 2023 property market for Narooma reveals that houses typically sell for $872,615, with a median weekly rent of $510. When these figures are brought together, they result in an indicative rental yield of 3.03% – meeting the mark for the minimum attractive yield for cashflow-centered property investors.

    In terms of socio-economic infrastructure, Narooma boasts a robust score of 923 out of 1217 on the Index of Relative Socio-economic Advantage and Disadvantage (IRSAD). This score signifies strong socio-economic conditions.

    Narooma’s rental market presents sound opportunities, with a healthy renter to owner ratio of 25%. These statistics indicate a robust and less competitive rental market, attracting potential property investors. The suburb also houses a low ratio of units to houses (38%), denoting a lesser degree of competition among landlords and thus, the potential for higher rental yields.

    However, potential buyers should take into account the high affordability index, standing at 67 years for full property ownership. This duration is based on factors such as interest rates, median family income, and property prices, suggesting lesser affordability in the suburb.

    In terms of supply metrics, the stock on market percentage for houses in Narooma is a low 0.35%, while the inventory level stands at 2.29 months – these figures are within the favourable region, showcasing limited supply. The building approvals ratio for houses sits at 2.13%, hinting at a foreseeable uprise in new housing stock in the market.

    While the average number of days houses are on the market reaches up to 62, higher than the high demand threshold of 35 days, the combined vacancy rate for houses and units is at a balanced 2.0% and this hints at a fair level of demand. However, with buy search index specifically for houses at 3, the demand for these housing properties seems to be at the average state.

    All these figures suggest that Narooma’s property market carries promise for property investors who are focused on rental yield, despite potential hurdles in terms of affordability and demand. However, the idyllic coastal living and socio-economic conditions of Narooma make it an attractive destination. As with all investments, potential investors should carefully monitor market trends and indicators while considering their personal investment goals. The HtAG Analytics’ Relative Composite Score (RCS) can be a valuable tool in this respect, streamlining comprehensive market analysis with over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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