Question 1

Is South Nowra a nice place to live?

Accepted Answer

South Nowra has riverside reserves, established tree-lined streets and local shopping and services.

South Nowra is a young community; couples with children make up 47.8% of families. Everyday amenity includes riverside parks and sporting grounds, shops on the main roads, and road links via the Princes Highway with regional bus services to neighbouring centres, while broader Nowra provides larger retail, health and employment options. The South Nowra surcharge main upgrade was completed and included installation of a 1.6 km pipeline between Hillcrest Avenue and Carrington Park Drive.

Question 2

Is it expensive to live in South Nowra?

Accepted Answer

A typical local household earned about $1,789 a week at the most recent Census. On those figures, buying a house at a median of $885,000 in South Nowra works out to about 9.5 times a typical local annual household income, which sits well above local incomes.

If you're renting, a house at $620 a week would take about 35% of that weekly household income, and a unit at $555 a week would take about 31%. On the figures, both rents represent a sizeable share of a typical local household's income.

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 South Nowra a good place to invest?

Accepted Answer

Houses in South Nowra show a split: over the past 12 months house values rose a solid 7.4% while house rents fell 4.6%.

Unit rents rose a solid 6.7%, so rental income trends differ by property type, with unit rents climbing while house rents declined.

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	$885K	N/A
Change in value Past 12 months	7.4%	N/A
Sold Past 3 months	21	3
Median days on market Past 12 months	48	N/A
Average rent Past 12 months	$620	$555
Change in rent Past 12 months	-4.6%	6.7%

	Suburb	NSW
Median age years	33	39
Median household income weekly	$1,789	$1,829
Couples with children share of families	47.8%	44.7%
Couples without children share of families	34.2%	37.9%
One-parent families share of families	17.3%	15.8%
Homes owned outright share of homes	23.0%	32.6%
Homes with a mortgage share of homes	41.2%	33.6%
Homes rented share of homes	35.7%	33.7%

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