Nowra is a mid-sized suburb in New South Wales within the Shoalhaven local government area (postcode 2541). With a population of 9,956, the suburb has an established demographic with a median age of 40. Households earn a median income of $54K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, technicians & trades, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Nowra is $680,000, having declined 5.6% over the past year. Units have a median price of $358,000 (-18.6% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,500.
Nowra is served by 7 schools, including 3 primary, 3 secondary, 1 combined. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 2 ferry wharfves, 111 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Nowra offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($680K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.6x is considered stretched. House prices have moved -5.6% year-on-year.
Nowra is a mid-sized suburb in New South Wales within the Shoalhaven local government area (postcode 2541). With a population of 9,956, the suburb has an established demographic with a median age of 40. Households earn a median income of $54K per year, with an average household size of 2.2 people. The most common occupations are community & personal service, technicians & trades, labourers. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Nowra is $680,000, having declined 5.6% over the past year. Units have a median price of $358,000 (-18.6% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,500.
Nowra is served by 7 schools, including 3 primary, 3 secondary, 1 combined. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 2 ferry wharfves, 111 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Nowra offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($680K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.6x is considered stretched. House prices have moved -5.6% year-on-year.