NSW Nowra? Shoalhaven

Thoughts on Nowra?

Where is it in the "cycle"? Is it worth investing for CG or only good yield??

Is there too much land coming onto the market?

Hubby and I like the this one
9 Vendetta Street, Nowra NSW 2541 - House For Sale - 2012862400

 

What's the comparable sales price and rent? What's the vacancy like? Zoning?

 

I like Nowra, it has had a lot of growth. Very low vacancy rate.

There are **** areas of Nowra. Vendetta St is one of them (hence the name).

Search Nowra on the forum and there is a few threads which explain the good and bad areas. South of Kalander st and east of princes Hwy is the housing commission area.

If you use google maps street view you can work out the good and bads areas by the amount of graffiti and skid marks.

Nowra? Shoalhaven

NSW - South Coast - Shoalhaven

 

thanks!

 

Might find some more information over in this thread:
NSW - South Coast - Shoalhaven

 

This is @BuyersAgent stomping ground - he'll be able to provide some input.

Cheers

Jamie

 

It's been the best part of three years since this post was created, and I was wondering anyone in the PC community had any thoughts on the Shoalhaven / Jervis Bay / Nowra / Sanctuary Point areas and what time of the property clock has the area reached? Personally speaking, I bought a IP in January 2017 for 365k (3,1,2) and it is now currently valued at 415k. Honestly speaking, I was pleasantly surprised to see this increase as the original intention was to purchase a cash cow, hold long term with good rental yields. Would be interested to see what other PC members' thoughts would be on the area and whether there is much capital growth left before the end of the decade.

 

Aren't they very low population areas? Can be a bit risky?

 

Nowra had great growth. Would be a 30% return back than

 

Yes. Low population areas with high unemployment rates. However it does attract a number of well to do retirees. Was pleasantly surprised about the capital growth in the last 12 months. According to my PM and recent experience, Rents have also gone up and its quite easy to secure tenants.

 

I wonder if retiree population is substantial and sustainable enough for long term buying in that area.

 

Lots of retirees heading down to Shoalhaven and kiama

 

But is it sustainable enough to drive prices?
I read that new land is being planned to released in nowra area and 34000 new homes are estimated to be built by 2030.

 

34,000 homes....tell 'em they are dreamin'....bloody hard to develop that much land.

They reckon there will be 60,000 new homes in Armstrong Creek in Geelong....I could see lilttle piggies flyin'

 

I heard new homes are being created left and right in nowra.
If there is a real demand then new homes can be created.May be just a matter of time?

 

@sash apparently it seems that they are doing same in armstrong creek too.tons of new packages in big estates
New House and Land Packages For Sale in Armstrong Creek, VIC 3217

 

Yep except very few arextitled land. You put 10% down in the hope in 2 years your land will s3ttle

 

Isn't Sanctuary Point one of the more tougher demographic and flood prone areas or has this changed. I know it's been listed by various publications (YPM and Momey) to be places to invest in 2019, but I was under the impression that it may be already too late and things were more likely to stagnate now. Some are now suggesting that coastal suburbs in Adelaide are now in a better phase of the cycle to achieve CG.

 

I would like to hear peoples idea on a granny flat in nowra I dont think there are many in Nowra and any recommendations on a builder. Thank you

 

do you have a current link or source for 34000 new homes? or are you referencing the old regional plan statistics?

as above

As with much of the coast some areas do have patches of low socioeconomic demographic, along with better areas. Street by street analysis is very important. And yes, parts of Sanctuary point also flood. Not all but parts. Still opportunities there in my opinion.

It totally depends... do you already have a home in Nowra? in which case the size and shape of block will determine what kind of construction (and thus which builder you choose) if you are starting from scratch you might look at a dual income project home under 1 roof? Just be careful to ensure they are BCA compliate for the state SEPP (many designs aren't) for second dwellings.