Suburb Profile Report for Narrabundah ACT (2604)

Narrabundah House: Median price $831,000, Annual capital growth 5.71%, Number of sales 47, Weekly median advertised rent $530

Narrabundah Unit: Median price $459,000, Annual capital growth 2.00%, 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

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.

HOUSE UNIT
$831,000 $459,000
1.22% 1.44%
20.78% 3.26%
5.71% 2.00%
$530 $420
47 51
3.32% 4.76%
31.07 92.41

Source: CoreLogic

DSR Score for property investment : Good (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