Thinking about buying in North Narooma? Now could not be a better time, with a whopping 544 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $516,000 with prices in this suburb ranging from $173,000 to $962,000.
Distance to the coast is 0 Km.
North Narooma Real Estate Market Outlook
In North Narooma there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in North Narooma is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in North Narooma leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in North Narooma the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
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For Sale
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10 WATER CR, NORTH NAROOMA, NSW, 2546 | 4 | 3 | 2 | $2,100,000 |
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BLACKWOOD PARK, 119 RIVERVIEW RD, NORTH NAROOMA, NSW, 2546 | 8 | 5 | 3 | Sold for $3,600,000 |
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4 CREIGHTON PDE, NORTH NAROOMA, NSW, 2546 | 4 | 2 | 2 | Sold |
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58 FISHERMANS CR, NORTH NAROOMA, NSW, 2546 | 3 | 2 | 2 | Sold |
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Local Schools
None within suburb boundary
(While the above schools are located with the suburb of North Narooma there may also be nearby schools whose catchments cover this suburb)Local Crime Stats
Average Local Climate by month
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 14.1 | 30.7 | 28.7 | 87.9 | 3.6 | 25.2 |
Feb | 2.4 | 13.4 | 27.9 | 36.3 | 91.4 | 3.6 | 21.2 |
Mar | 3.2 | 11.3 | 24.4 | 42.8 | 94.5 | 3.3 | 17.0 |
Apr | 1.3 | 7.4 | 21.3 | 42.8 | 94.9 | 2.7 | 13.9 |
May | 1.1 | 2.4 | 16.4 | 47.7 | 96.9 | 2.5 | 11.0 |
Jun | 1.8 | 1.4 | 13.3 | 55.8 | 97.4 | 2.8 | 8.9 |
Jul | 1.1 | 0.6 | 12.7 | 54.4 | 95.9 | 3.8 | 9.5 |
Aug | 1.4 | 0.6 | 14.0 | 45.3 | 94.7 | 3.6 | 12.6 |
Sept | 1.8 | 3.1 | 17.8 | 41.0 | 93.8 | 3.6 | 17.0 |
Oct | 1.8 | 6.2 | 21.4 | 36.9 | 93.0 | 3.5 | 20.7 |
Nov | 2.1 | 9.5 | 25.4 | 30.9 | 89.1 | 4.3 | 25.0 |
Dec | 1.9 | 12.4 | 28.6 | 27.9 | 87.8 | 3.6 | 26.6 |
source: Australian Government Bureau of Meteorology
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