This property is Off Market
With an average age of 39, households expect an average monthly mortgage payment of $1,560 or a weekly rent payment of $370. The average family earns a weekly income of $1,625 with a typical household size of 2.1 and a 93.02% employment rate.
In North Nowra 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 Nowra 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. The slightly lower than average earnings from occupations in North Nowra changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. 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. Lower than average industry presence in North Nowra we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make North Nowra a better buying opportunity than it may have been in the past.
(Country of Birth not stated 4%)
North Nowra - Bomaderry a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
15 / 100
31 / 100
Industry
18 / 100
22 / 100
Population
14 / 100
19 / 100
House Prices
49 / 100
60 / 100
Jobs
22 / 100
29 / 100
Incidents Trend State Average
North Nowra Public School
North Nowra, NSW, 2541 State K-6
Illaroo Road Public School
North Nowra, NSW, 2541 State K-6
Bomaderry Public School
Bomaderry, NSW, 2541 State K-6
St Michael's Catholic Primary School
Nowra, NSW, 2541 Independent K-6
Nowra Anglican College
Bomaderry, NSW, 2541 Independent K-12
Havenlee School
North Nowra, NSW, 2541 State U
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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