West Nowra is a small community in New South Wales within the Shoalhaven local government area (postcode 2541). With a population of 1,504, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $78K per year, with an average household size of 2.5 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 West Nowra is $801,000, having surged 16.1% over the past year. Units have a median price of $650,000. The current median weekly rent is $540. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,707.
Public transport access includes 11 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, West Nowra offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($801K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.3x is considered stretched. House prices have moved +16.1% year-on-year.
West Nowra is a small community in New South Wales within the Shoalhaven local government area (postcode 2541). With a population of 1,504, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $78K per year, with an average household size of 2.5 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 West Nowra is $801,000, having surged 16.1% over the past year. Units have a median price of $650,000. The current median weekly rent is $540. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,707.
Public transport access includes 11 bus stops. The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, West Nowra offers a gross rental yield of 3.5%, rated as moderate yield. Property prices sit below the state median ($801K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.3x is considered stretched. House prices have moved +16.1% year-on-year.