Suburb Profile Report for Narwee NSW (2209)

Narwee House: Median price $1,100,000, Annual capital growth 8.89%, Number of sales 39, Weekly median advertised rent $560

Narwee Unit: Median price $615,000, Annual capital growth 8.52%, Number of sales 29, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Narwee, 2209 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 4.76%.

While Narwee,2209 ranked number 839th in NSW for increase in median house value (annualised) increase, it is ranked 272th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Narwee is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 288th in terms of most discounted suburbs in NSW

On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.

Advertised rents are around the $560 mark per week – giving a return of 2.65% based on the median price in Suburb

NSW has seen average median house prices change by 5.73% which means that Narwee, 2209 has done well for property investors by showing a capital gain of 0.82% over the last year

Property buyers and investors in Narwee 2209 should be seeing an average reduction in asking price of around -5.15% . This means that Narwee is holding prices well when compared to other suburbs in NSW.

At number 53 in a list of fastest selling suburbs, Narwee is in the TOP 10% of suburbs in Australia with an average of days on market 35.6 for properties listed there.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 8.52%, investors should hope to achieve an overall return of 3.55%

HOUSE UNIT
$1,100,000 $615,000
1.38% N/A
4.76% 0.82%
8.89% 8.52%
$560 $420
39 29
2.65% 3.55%
66 35.6

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 4956
Median household income ($/weekly) 1013
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 530 10.7
    25-34 years 686 13.8
    35-44 years 665 13.4
    45-54 years 677 13.7
    55-64 years 540 10.9
    Others 1858 37.5
    Age Group
    Census Count Percent(%)
    Registered Married 1902 52.4
    Not Married 1600 44.1
    Defacto Relationship 127 3.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2169 48.6
    Croatia 746 16.7
    India 198 4.4
    Iraq 95 2.1
    Other 302 6.8
    Others 953 21.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 414 9.5
    Christianity 2497 57.0
    Hinduism 120 2.7
    Islam 276 6.3
    No Religion 1036 23.7
    Others 36 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 158 10.1
    $400-$599 170 10.9
    $600-$799 148 9.5
    $800-$999 143 9.2
    $1,500-$1,999 184 11.8
    Others 757 48.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1547 42.5
    Employed, worked full-time 1306 35.8
    Employed, worked part-time 544 14.9
    Unemployed, looking for work 140 3.8
    Employed, away from work 106 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 200 10.2
    Professionals 405 20.7
    Technicians & trades workers 276 14.1
    Clerical & administrative workers 342 17.5
    Sales 199 10.2
    Others 532 27.2
    Occupation
    Census Count Percent(%)
    Pre-school 65 6.2
    Infants/Primary 331 31.8
    Secondary 277 26.6
    Technical or Further Educational Institution 103 9.9
    University or other Tertiary Institutions 224 21.5
    Others 42 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2700 59.9
    Flat, unit or apartment 1030 22.9
    Semi-detached, row or terrace house, townhouse 753 16.7
    House or flat attached to a shop, office 24 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 612 36.6
    Being purchased 528 31.6
    Fully owned 521 31.2
    Other tenure type 9 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals