Investment property in Narrabundah has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 20.78%
A 20.00% growth in median value for property investors in Narrabundah,2604 puts this suburb at number 31th in terms of best performing suburbs in ACT
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.15% offered to property buyers. Sellers in Narrabundah itself are offering an average vendor discount of -1.43% to real estate investors.
Often selling an investment property can take time, and in Narrabundah the average time real estate has been on the market is 31.07 days.
Property investors should expect to get $530 weekly from the median priced house in this suburb.
At number 840th in the list of Australian suburbs ordered by increase in median house value over the last year, Narrabundah, 2604 is in the top half with a property value increase of 3.26% recorded in median house prices.
Across a shorter period, Narrabundah, 2604 has seen a median price increase of 1.44% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Narrabundah, 2604. Typically our figures indicate that -3.76% is being offered, which puts this ACT suburb at 1179th most discounted overall in Australia.
On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.
The ACT suburb of Narrabundah, 2604 is in the Unincorporated ACT local government area.