Property value increases in Narrabundah have tracked just lower than the ACT average of 6.73% over the last 12 months.
Narrabundah,2604 has offered an average of 2.01% return per annum in house price rises to property investors over the last three years.
In the last year 58 properties changed hands in Narrabundah, which puts it as the 25th most active market in ACT when comparing the number of sales per suburb.
A $545 per week rent on the median house gives suburb investors a gross yield of circa 3.38%, without taking into account capital value appreciation, which has been averaging out at 5.29%.
At number 586th in the list of Australian suburbs ordered by increase in median house value over the last year, Narrabundah, 2604 is in the top 40% with a property value increase of 6.64% recorded in median house prices.
A 0.42% growth in median value for property investors in Narrabundah,2604 puts this suburb at number 8th in terms of best performing suburbs in ACT
At number 23th of ACT’s most discounted properties, Narrabundah is in the middle of the state/territory when listing in order of most discounted to least.
At number 979 in a list of fastest selling suburbs, Narrabundah is in the bottom 40% of suburbs in Australia with an average of days on market 90.14 for properties listed there.
Narrabundah is 46th on a list of best yielding suburbs for rents in ACT with a 4.83% return