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I believe the area is well positioned and still down from 2001 highs. My property is around 800 meters from cbd in attractive street so i believe in time it will improve. The council is also part way through construction of the shoalhaven entertainment center. The navy base has a contract to start in the near future for 35 helicopters. That will bring many people.All the signs are there.Plus the highway to the north is being improved dramatically shorting the time from sydney and wollongong to the coast.This site has showed me what to look for and it shows potential. Prices to the north are a lot more expensive so things should improve.
Any other thoughts on the area?
Hi devo76
It was interesting to read your older post, pretty much from SEVEN years ago........... Now that that period has passed, how do you see what you wrote from 7 years ago, compared to what occurred in reality? Are we still waiting the Sydney money to flow to Jervis Bay?
still waiting....
In short. It's happening right now.
.....
Everything is moving. Prices are heading up. .....
I'm not talking 2001 stuff here but good gains. .....
as far as development in the area goes.
link road via canberra still not complete
entertainment center built.
Jail built to the south( its not that bad relax)
Highway from the north duplication well underway.
Albatross going crazy
CBD development happening and riverfront development of muti story apartments on the drawing board.
Coastal areas are also going great and the top dollar beachfront properties are up and running again.
Yep good time to buy in Nowra and surrounds. Sydney boom as definately been the driver. You can set your watch to it.
Cheers
Hi,
I've been to a few auctions in Nowra lately. Although I had my eye on one place that the agent said must be sold at auction for what-ever they can get. Bidding topped at $360K and it's now on the market for offers above $375. Weird. Would have been good buying at $340K!
Another one was passed in on North Nowra, and was readvertised at $340K. My final offer was $320 but it just sold to a higher offer.
I think the agents really aren't sure where the market is at the moment.
Why North Nowra?