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North 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 North 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

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “North Narooma, NSW 2546”

  1. The total adult population (15 years or older) of North Narooma 2546 NSW is 590, with a median age of 57. Of those, 54.24% are married, 14.75% are divorced or separated, 22.37% are single and 7.29% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,832. The median monthly mortgage repayment for households in this suburb is $1,571 which is 26.94% of their earnings.

    Source: ABS Census Data (2021)

  2. Taking a snapshot of the property market dynamics for the suburb of North Narooma 2546 in NSW, we find a burgeoning residential environment housing approximately 469 households. Worth noting is the Q3 2023 report which indicates that the typical house price in North Narooma 2546 remarkably sits at $1,029,212. Houses in this locale command a median rent of $540 per week, providing an indicative yield of 2.72%. Although slightly shy of the 3% market attractiveness threshold, the yield indicates a reasonably steady cash flow potential for property investors.

    The suburb boasts an impressive IRSAD score of 986 out of 1217, reflecting a significantly positive socio-economic status indicative of healthy access to resources, substantial income levels, and a prevalence of skilled professionals—a characteristic favourable and appealing to prospective property owners or tenants.

    With the renter to owner ratio standing at 13%, it becomes evident that property owners heavily dominate the market, thus insulating the market against the risk associated with rental over saturation. This excellent ratio is further underscored by a remarkably low units to houses ratio of 6%, indicating that houses substantially outnumber units, a sure sign of less competition amongst landlords.

    In matters of affordability, it’s worth noting that North Narooma 2546’s affordability index shows it takes approximately 70 years to fully own a property, a measure beyond the standard 30-year mortgage and suggesting decreased market affordability. Converting this into investment opportunity, it denotes a viable and robust rental market set to benefit property investors in the long term.

    In Q3 2023, the stock on the market percentage for houses in this suburb sat modestly at 0.36%, falling within the desirable range of less than 0.4%. With an inventory level of 1.71 months, the market exhibits a favourable absorption rate for new listings indicating likely high turnover rates for properties.

    Building approval ratio for houses is at a considerable low of 0%, a position that could be a double-edged sword; while there might be limited opportunities for development expansion, it also means limited competition from new housing stock.

    From a demand perspective, North Narooma 2546 posted an average of 33 days on market, indicating a relatively high-demand environment conducive for investment. However, the result is slightly tempered by a combined vacancy rate of 4.76%, which borders on low, bringing it to a neutral state. Additionally, a buy search index of 3 suggests limited but existent demand which needs to be factored into investment decisions.

    In summary, while North Narooma harbours some less favourable metrics, the vast majority of its metrics sit within the positive range. Capitalising on the specific attractive metrics and mindful strategy could turn around the less favourable points to manifest as a rewarding investment opportunity in this suburb.

    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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