Narooma NSW 2546: Property Market Report & Real Estate Insights

Part of Eurobodalla, NSW

Narooma Real Estate Market Outlook

Thinking about buying in Narooma? Now could not be a better time, with 2986 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $699,000 with prices in this suburb ranging from $52,000 to $4,464,000. Narooma is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

Living in Narooma

In 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 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 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 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.

Instant Property Valuation

Narooma, located in the Eurobodalla Shire on the south coast of New South Wales, offers a unique and appealing housing market characterized by a quaint, coastal charm and increasingly diverse property offerings. As a hub of breathtaking natural beauty, the housing market here is buoyed by its scenic views and the tranquil lifestyle it promises. In recent years, Narooma has experienced a gradual increase in property values, reflecting a growing demand driven by those looking to escape urban centers for more serene locales. This increase is partly due to the town's appeal to both retirees seeking a peaceful community and young families desiring a safe and supportive environment with excellent schools and community facilities. The housing stock varies, featuring everything from modern apartments with stunning ocean views to classic beachside homes and spacious rural properties, providing options for varied tastes and budgets.

Living in Narooma offers a lifestyle imbued with natural splendor and leisure. Residents enjoy access to some of the most beautiful beaches in New South Wales, with popular spots such as Narooma Surf Beach and the Glasshouse Rocks. The town is also a gateway to stunning national parks and the famous Montague Island, perfect for outdoor enthusiasts interested in activities like bushwalking, bird watching, and boating. The community is tight-knit and welcoming, with a vibrant local scene underpinned by community events, markets, and a burgeoning arts presence. The local economy benefits from tourism and fishing, complemented by an array of local businesses and amenities that meet daily needs. Moreover, Narooma's climate, characterized by mild winters and warm summers, enhances its reputation as an attractive location for a relaxed, sun-soaked lifestyle.

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