Suburb Profile Report for Narrabundah ACT (2604)

Narrabundah House: Median price $812,000, Annual capital growth 5.81%, Number of sales 49, Weekly median advertised rent $530

Narrabundah Unit: Median price $450,000, Annual capital growth 1.93%, Number of sales 54, Weekly median advertised rent $418

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 18.11% for the last 12 months, Narrabundah, 2604 has performed for property investments than its average annual 5.81% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narrabundah has increased when compared to the 5 year average annual rate.

Narrabundah, 2604 is offering ACT ‘s 61th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this ACT.

ACT has seen average median house prices change by -0.95% which means that Narrabundah, 2604 has not done well for property investors by showing a capital gain of -5.86% over the last year

Narrabundah,2604 has offered an average of -5.86% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -3.32% to buyers in Narrabundah at the moment, which is less than average for the rest of ACT.

Narrabundah, 2604’s gross rental yield is 4.82%

HOUSE UNIT
$812,000 $450,000
-1.10% 2.86%
18.11% -5.86%
5.81% 1.93%
$530 $418
49 54
3.39% 4.82%
28.23 84.5

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
Chart Table
Recent sales & rentals