Suburb Profile Report for Narrabundah ACT (2604)

Narrabundah House: Median price $835,000, Annual capital growth 5.70%, Number of sales 45, Weekly median advertised rent $530

Narrabundah Unit: Median price $457,000, Annual capital growth 2.19%, Number of sales 51, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Narrabundah has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 10.01% to date .

Narrabundah,2604 has offered an average of 10.01% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Narrabundah are currently offering property investors an average price cut of -1.43% below the asking price at the moment.

Over the last year, property investments in Narrabundah, 2604 have given investors a capital gain of -4.39%. This compares badly with the -1.57% for ACT as a whole.

The five-year average increase in median property values for Narrabundah,2604 has given property investors a potential capital gain of -2.25% across each of those five years.

The most recent median price for Narrabundah is $457000, with sellers offering an average of -3.43% off the asking price.

At number 1009 in a list of fastest selling suburbs, Narrabundah is in the bottom 40% of suburbs in Australia with an average of days on market 92.67 for properties listed there.

With the median price for a house in Narrabundah being $457000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.78%

HOUSE UNIT
$835,000 $457,000
0.60% 1.56%
10.01% -4.39%
5.70% 2.19%
$530 $420
45 51
3.30% 4.78%
38.5 92.67

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5669
Median household income ($/weekly) 1834
Median age of persons 39
Median housing loan repayment ($/monthly) 2200
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 645 11.4
    25-34 years 807 14.2
    35-44 years 915 16.1
    45-54 years 861 15.2
    55-64 years 581 10.2
    Others 1862 32.8
    Age Group
    Census Count Percent(%)
    Not Married 2012 48.9
    Registered Married 1663 40.4
    Defacto Relationship 441 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4039 74.3
    Indonesia 72 1.3
    Papua New Guinea 76 1.4
    United Kingdom 259 4.8
    Other 317 5.8
    Others 676 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 145 2.8
    Christianity 3016 58.1
    Hinduism 74 1.4
    Islam 104 2.0
    No Religion 1763 34.0
    Others 85 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 231 11.3
    $2,000-$2,499 157 7.7
    $2,500-$2,999 276 13.5
    $3,000-$3,499 185 9.0
    $4,000 or more 238 11.6
    Others 964 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2081 46.3
    Not in the labour force 1416 31.5
    Employed, worked part-time 701 15.6
    Employed, away from work 175 3.9
    Unemployed, looking for work 122 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 516 17.5
    Professionals 1092 37.0
    Technicians & trades workers 260 8.8
    Community & personal service workers 223 7.5
    Clerical & administrative workers 471 15.9
    Others 393 13.3
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.3
    Infants/Primary 407 29.7
    Secondary 370 27.0
    Technical or Further Educational Institution 118 8.6
    University or other Tertiary Institutions 345 25.2
    Others 43 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4007 77.4
    Flat, unit or apartment 776 15.0
    Semi-detached, row or terrace house, townhouse 396 7.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 958 43.3
    Being purchased 669 30.2
    Fully owned 561 25.4
    Other tenure type 24 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals