If you compare the increase in value of investment property in Narrabundah, 2604 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 8.43%.
Narrabundah,2604 has offered an average of 8.43% return per annum in house price rises to property investors over the last three years.
In the last year 62 properties changed hands in Narrabundah, which puts it as the 22th most active market in ACT when comparing the number of sales per suburb.
With the median price for a house in Narrabundah being $900000 and the advertised rent reaching $545 the gross rental yield for property investors calculates out to be 3.15%
Property value increases in Narrabundah have tracked just higher than the ACT average of 3.57% over the last 12 months.
Over the longer term, Narrabundah has seen property prices show investors a 8.00% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Narrabundah 2604 should be seeing an average reduction in asking price of around -4.20% . This means that Narrabundah is holding prices well when compared to other suburbs in ACT.
On average over the past year, suburb has had 5.67 sales per month, which equates to 68 per year.
Narrabundah, 2604’s gross rental yield is 4.98%