Question 1

Is Narooma a nice place to live?

Accepted Answer

Narooma is a south coast town set around the Wagonga Inlet and the Narooma Bridge, with panoramic views to Montague Island and prominent granite headlands. Life centres on a compact café and retail strip alongside a working fishing harbour, and leisure time often revolves around boating, rock-platform fishing, surfing and headland walks. Housing ranges from waterfront and hillside homes with ocean views to older cottages and rural properties in the surrounding hills, and the town attracts a mix of retirees, families and people tied to fishing and tourism. It sits on the Princes Highway and has ready access to nearby national parks.

The community is small — population 2,731 with a median age of 58 — and households are dominated by couple families, while about three quarters of homes (74.5%) are owner-occupied and 55.1% are owned outright. Recent local upgrades include a new ambulance station, funding for traffic signals and planning for Narooma Bridge improvements, and regional health projects at Moruya are intended to serve the area; the School of Arts Hall has also received a heritage grant. Whether Narooma suits you will depend on how much you value coastal recreation, an established owner-occupied community and regional services.

Question 2

Is it expensive to live in Narooma?

Accepted Answer

Rents in Narooma take a large share of local household incomes as recorded at the most recent Census. With a typical local household earning $926 a week at the last Census, the average house rent of $500 a week would take about 54.0% of that income, and the average unit rent of $420 a week about 45.3%. For renters, those rent shares are the key affordability numbers to consider.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Narooma a good place to invest?

Accepted Answer

Over the past 12 months in Narooma, house values edged up 1.4%, a slight rise in what houses are worth. Units showed a very different pattern: median unit values fell 13.5%, a sharp drop, while the rent units earn rose 5.0%, a solid increase. Put simply, unit prices and unit rents moved in opposite directions this year; if rental income is your priority the 5.0% rise in unit rents is the figure that matters, while the house market showed only marginal capital growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	1.4%	-13.5%
Sold Past 3 months	9	7
Median days on market Past 12 months	84	92
Average rent Past 12 months	$500	$420
Change in rent Past 12 months	N/A	5.0%

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