Property value increases in Narrabundah have tracked just lower than the ACT average of 4.86% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Narrabundah comes in at number 43th in ACT.
Vendor discounting in Narrabundah is giving property investors an average Vendor Discount of around -1.43%. This puts suburb at number 62th in ACT when ranking the most discounted suburbs.
In the last year 52 properties changed hands in Narrabundah, which puts it as the 26th most active market in ACT when comparing the number of sales per suburb.
Situated 6.39km from the CBD, Narrabundah is one of Unincorporated ACT localities in the postcode 2604.
Property investors who have had real estate in Narrabundah, 2604 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.99%
A -1.62% growth in median value for property investors in Narrabundah,2604 puts this suburb at number 44th in terms of best performing suburbs in ACT
Property buyers and investors in Narrabundah 2604 should be seeing an average reduction in asking price of around -4.03% . This means that Narrabundah is holding prices well when compared to other suburbs in ACT.
In the last year 54 properties changed hands in Narrabundah, which puts it as the 18th most active market in ACT when comparing the number of sales per suburb.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 4.91%, without taking into account capital value appreciation, which has been averaging out at 2.36%.