What is the true cost of buying an apartment in Narooma?

The median apartment in Narooma is $485,000. Including stamp duty ($16,355), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $41,924, or $3,494/month.

What does it really cost to buy a house in Narooma?

The median house in Narooma is $750,000. True first-year cost including stamp duty ($28,280), rates, insurance, maintenance, and mortgage repayments is approximately $54,354.

What is the vacancy rate in Narooma?

Narooma currently has a vacancy rate of 2.8%. Properties average 42 days on market.

buyer.chat

True Cost of Buying in Narooma

2546 NSW · 345km to CBD

Stable

A decision, not just a search · Narooma

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

Take this question to a review

The question and suggested checks are prefilled for you to edit. No enquiry is sent until you submit and consent.

Market Intelligence

Narooma is a picturesque coastal town on NSW's South Coast, located within the Eurobodalla Shire approximately 345km south of Sydney. With a population of around 3,100, this seaside destination combines permanent residential living with a thriving tourism economy centered around its pristine beaches, excellent fishing, and the famous annual Oyster Festival. The town attracts a mix of retirees, sea-changers, and holiday home investors drawn to its relaxed coastal lifestyle and natural beauty. Property markets have strengthened significantly post-COVID as urban dwellers seek coastal escapes, with waterfront and ocean-view properties commanding premium prices. The local economy relies heavily on tourism, fishing, and agriculture, supported by quality amenities including Narooma District Hospital, local schools, golf club, and diverse dining options. While transport connectivity is limited with no regular public transport to major cities, the town offers excellent recreational opportunities including boating, surfing, and bushwalking. Infrastructure is well-maintained through Eurobodalla Shire Council, with adequate NBN and mobile coverage. The demographic skews older than the NSW average, reflecting its appeal to retirees and empty nesters seeking a coastal lifestyle change.

Stunning coastal location with pristine beaches and excellent fishingStrong tourism economy providing rental income opportunitiesGrowing sea-change migration trend boosting property demandQuality local amenities including hospital, schools, and recreational facilitiesFamous Oyster Festival and vibrant community events

Market Snapshot

Median House

$750K

+8.5% 1yr

Median Apartment

$485K

+7.2% 1yr

Median Townhouse

$620K

Vacancy Rate

2.8%

42 avg DOM

Yield (Apartment)

5.1%

Yield (House)

4.2%

Auction Clearance

68%

Population

3,100

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$3,494/mo

Purchase Price

$485,000

Stamp Duty

$16,355

1st Year Total

$41,924

House

$4,530/mo

Purchase Price

$750,000

Stamp Duty

$28,280

1st Year Total

$54,354

Townhouse

$3,977/mo

Purchase Price

$620,000

Stamp Duty

$22,430

1st Year Total

$47,720

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

Open Calculator