Suburb Profile Report for Narrabeen NSW (2101)

Narrabeen House: Median price $1,812,500, Annual capital growth 5.31%, Number of sales 19, Weekly median advertised rent $875

Narrabeen Unit: Median price $830,000, Annual capital growth 6.17%, Number of sales 153, Weekly median advertised rent $595

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -0.33% for the last year, Narrabeen, 2101 is the 2975th highest performer in Australia in this respect.

Comparing Narrabeen,2101 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Narrabeen 2101 should be seeing an average reduction in asking price of around -9.40% . This means that Narrabeen is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Narrabeen have been waiting around 107.16 days to sell a property.

With the median price for a house in Narrabeen being $1812500 and the advertised rent reaching $875 the gross rental yield for property investors calculates out to be 2.51%

If you compare the increase in value of investment property in Narrabeen, 2101 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.75%.

While Narrabeen,2101 ranked number 162th in NSW for increase in median house value (annualised) increase, it is ranked 270th over the last 5 years.

Vendor discounting in Narrabeen is giving property investors an average Vendor Discount of around -3.50%. This puts suburb at number 332th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Narrabeen the average time real estate has been on the market is 35.12 days.

Advertised rents are around the $595 mark per week – giving a return of 3.73% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,812,500 $830,000
-17.61% 3.11%
-0.33% 0.75%
5.31% 6.17%
$875 $595
19 153
2.51% 3.73%
107.16 35.12

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 7474
Median household income ($/weekly) 1331
Median age of persons 42
Median housing loan repayment ($/monthly) 2500
Average household size 2
  • Census Count Percent(%)
    25-34 years 1387 18.6
    35-44 years 993 13.3
    45-54 years 817 10.9
    55-64 years 758 10.1
    85 years and over 865 11.6
    Others 2653 35.5
    Age Group
    Census Count Percent(%)
    Not Married 2480 45.6
    Registered Married 2230 41.0
    Defacto Relationship 731 13.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5331 76.7
    Papua New Guinea 193 2.8
    South Africa 86 1.2
    United Kingdom 545 7.8
    Other 303 4.4
    Others 488 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 91 1.4
    Christianity 4982 74.4
    Islam 20 0.3
    Other Religious Groups 35 0.5
    No Religion 1544 23.0
    Others 28 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 331 11.2
    $800-$999 270 9.1
    $1,500-$1,999 395 13.3
    $2,000-$2,499 272 9.2
    $2,500-$2,999 302 10.2
    Others 1394 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2602 42.3
    Not in the labour force 2336 38.0
    Employed, worked part-time 945 15.4
    Employed, away from work 149 2.4
    Unemployed, looking for work 119 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 591 16.0
    Professionals 941 25.5
    Technicians & trades workers 566 15.3
    Clerical & administrative workers 593 16.0
    Sales 332 9.0
    Others 672 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 90 8.2
    Infants/Primary 303 27.7
    Secondary 245 22.4
    Technical or Further Educational Institution 148 13.6
    University or other Tertiary Institutions 243 22.3
    Others 63 5.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 3988 62.5
    Separate house 1556 24.4
    Semi-detached, row or terrace house, townhouse 841 13.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1298 41.5
    Fully owned 820 26.2
    Being purchased 807 25.8
    Other tenure type 206 6.6
    Tenure Type
Census 2011, ABS
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