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Nowra, NSW 2541

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 Nowra, NSW 2541 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 “Nowra, NSW 2541”

  1. The total adult population (15 years or older) of Nowra 2541 NSW is 8,122, with a median age of 40. Of those, 33.91% are married, 17.02% are divorced or separated, 41.01% are single and 8.06% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,308. The median monthly mortgage repayment for households in this suburb is $1,500 which is 28.26% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban area of NOWRA, postcode 2541, is nestled within the state of New South Wales housing an estimated number of 5,928 households. Come Q3 of 2023, houses in NOWRA are slated for a typical pricing of $652,187. Renters can expect a median weekly cost of $476, with an indicative yield showcased at 3.8%.

    The suburb provides its inhabitants with an IRSAD score of 834 out of 1,217. This score extends a good insight into the socio-economic make-up of NOWRA and indicates that the residents generally have moderate access to economic resources, decent income levels, and are more skewed towards skilled professions.

    Delving into the renter-owner dynamics of the suburb, there’s a fairly high ratio of 46% renters against homeowners. This number suggests a significant variety of rental properties, which might prove challenging for property investors dealing with increased competition.

    However, it’s noteworthy that there’s a low ratio of units to houses (11%), indicating that units are less likely to oversaturate the market. This ratio presents an opportunity for landlords as they contend with reduced competition when looking for tenants. It’s also worth mentioning that suburbs with a lower proportion of units are more likely to attract longer-term tenants, namely families.

    On the affordability index, the value sits at 48 years. This value allows us to infer that the property market in this suburb is on the pricier side, therefore, it may pose difficulties for new potential homeowners securing a 30-year mortgage.

    With respect to its housing supply, NOWRA has a stock on market Percentage of 0.26%, implying a low supply housing market. This is conducive to real estate investors as lower supply increases competition among buyers and leads to price growth. The suburb has maintained an inventory level for houses of 1.26 months, indicating the property market in NOWRA is absorbing new listings quickly.

    NOWRA’s building approvals Ratio is 0.16%, displaying a low rate of approval for new dwellings, which aligns with its low supply market status. Houses in NOWRA don’t languish on the market for too long, with an average days on market of 88 days, suggesting a relatively sound demand.

    In terms of vacancy, the combined rate for houses and units is 1.84%, sitting comfortably within the neutral range, translating into a reasonable balance between supply and demand. Furthermore, NOWRA’s buy search index for houses is measured at 4, demonstrating a moderate level of interest from prospective homeowners or property investors.

    In summation, NOWRA’s property market presents some promising indicators for potential investors. However, it also invites considerations, such as the high renter to owner ratio and regarding affordability. Real estate decisions should be based on an understanding of these elements, with constant vigilance towards shifts in market trends. As always, the Relative Composite Score (RCS) developed by HtAG Analytics can aid investors to make informed decisions, offering a comprehensive research platform encompassing over 80 key 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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