Suburb Profile Report for Narrabeen NSW (2101)

Narrabeen House: Median price $2,250,000, Annual capital growth 9.50%, Number of sales 24, Weekly median advertised rent $800

Narrabeen Unit: Median price $895,000, Annual capital growth 6.70%, Number of sales 162, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report

Narrabeen has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 25.00% to date .

Taking the average capital gain, or increase in median house value, Narrabeen,2101 has racked up an average of 25.00% over the period. This ranks it number 108th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Narrabeen should be aiming for at least -13.26% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 24 properties changed hands in Narrabeen, which puts it as the 1051th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $800 mark per week – giving a return of 1.85% based on the median price in Suburb

At number 505th in the list of Australian suburbs ordered by increase in median house value over the last year, Narrabeen, 2101 is in the top 30% with a property value increase of 8.64% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narrabeen has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Narrabeen is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 352th in terms of most discounted suburbs in NSW

Renters in Suburb are facing rents around $7200 per annum or $600 every week.

Metrics i HOUSE UNIT
$2,250,000 $895,000
24.14% 7.83%
25.00% 8.64%
9.50% 6.70%
$800 $600
24 162
1.85% 3.49%
98.93 25.86

Source: CoreLogic

DSR Score for property investment : Above average (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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