Suburb Profile Report for Narrabundah ACT (2604)

Narrabundah House: Median price $818,000, Annual capital growth 4.97%, Number of sales 52, Weekly median advertised rent $530

Narrabundah Unit: Median price $455,000, Annual capital growth 2.36%, Number of sales 54, Weekly median advertised rent $430

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$818,000 $455,000
-1.80% -0.87%
2.44% -2.99%
4.97% 2.36%
$530 $430
52 54
3.37% 4.91%
40.53 94.08

Source: CoreLogic

DSR Score for property investment : Above average (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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