Nowra Hill is a smaller suburb in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 2,141, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $99K per year, with an average household size of 3 people. The most common occupations are technicians & trades, managers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Nowra Hill is $1.3 million, having dropped significantly 16.3% over the past year. Units have a median price of $203,000. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Nowra Hill is served by 1 school, including 1 special. The average ICSEA score is 881, which is well below the national average of 1,000. Public transport access includes 27 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Nowra Hill offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.8x is considered stretched. House prices have moved -16.3% year-on-year.
Nowra Hill is a smaller suburb in New South Wales within the Shoalhaven local government area (postcode 2540). With a population of 2,141, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $99K per year, with an average household size of 3 people. The most common occupations are technicians & trades, managers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Nowra Hill is $1.3 million, having dropped significantly 16.3% over the past year. Units have a median price of $203,000. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Nowra Hill is served by 1 school, including 1 special. The average ICSEA score is 881, which is well below the national average of 1,000. Public transport access includes 27 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Nowra Hill offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 12.8x is considered stretched. House prices have moved -16.3% year-on-year.