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North Narooma suburb profile

North Narooma is a picturesque coastal suburb located on the South Coast of New South Wales, known for its stunning natural beauty and tranquil lifestyle. Situated just across the Wagonga Inlet from the main township of Narooma, it offers residents and visitors breathtaking views and easy access to pristine beaches and lush bushland. The area is popular for outdoor activities such as fishing, boating, and hiking, making it a haven for nature enthusiasts. With a close-knit community and a relaxed atmosphere, North Narooma provides a peaceful retreat while still being conveniently close to local amenities and attractions.

North Narooma property market performance

North Narooma’s property market presents a very limited dataset, with just two houses and one unit sold in the past year. Despite minimal sales, there has been a 3.9% increase in house values, while unit values have remained unchanged. The extended median days on market at 185 for houses indicates slower activity, reflecting a lack of urgency among buyers.

With no average rent data or change in rental prices over the past 12 months, it seems the rental market activity is negligible, making it difficult to assess trends or demand in the area.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
-9.3%N/A
Sold
Past 3 months
31
Median days on market
Past 12 months
185N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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North Narooma demographics

North Narooma, located on the picturesque South Coast of New South Wales, is a serene suburb known for its natural beauty and tranquil lifestyle. With a small population of just 683 residents, it offers a close-knit community atmosphere that is ideal for those seeking a peaceful retreat away from the hustle and bustle of city life. The median age of 57 indicates a mature population, with many residents likely enjoying retirement or a slower pace of life amidst the stunning coastal scenery.

The suburb's housing landscape is predominantly characterized by home ownership, with a significant 63.6% of properties owned outright. This high rate of outright ownership reflects the stability and long-term commitment of its residents to the area. Additionally, 22.7% of properties are owned with a mortgage, while only 13.8% are rented, highlighting the suburb's appeal to those looking for permanent residence rather than transient living arrangements.

Family structures in North Narooma are diverse, with 62.8% of couple families having no children, suggesting a community of empty nesters or retirees. Meanwhile, 24.7% of families are couples with children, and 12.6% are one-parent families, indicating a balanced mix of family types. The suburb's modest median household income of $1351 per week aligns with its demographic profile, where many residents may be living on retirement incomes or part-time work. Overall, North Narooma offers a tranquil and stable environment, perfect for those seeking a relaxed coastal lifestyle.

Suburbs near North Narooma

Some popular suburbs near North Narooma include:

How does North Narooma compare to nearby suburbs?

  • Median house prices: North Narooma’s median house price is 22.2% higher than Kianga’s.
  • House price growth: Property prices in nearby Kianga have risen 12.0% more than in North Narooma over the past year.
  • Selling speed for houses: Properties in nearby Kianga are selling 63.2% faster than in North Narooma.

Choose the right real estate agents in North Narooma

Choosing the right real estate agent in North Narooma can have a big impact on your sale. While there are 7 real estate agents working in the suburb, but just 5 of them were responsible for 88.2% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.5% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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