Property investors who have had real estate in Narwee, 2209 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -10.13%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narwee has increased when compared to the 5 year average annual rate.
Vendor discounting in Narwee is giving property investors an average Vendor Discount of around -7.31%. This puts suburb at number 203th in NSW when ranking the most discounted suburbs.
On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.
Narwee, 2209 ranked 461th in NSW when comparing growth in median property values or capital gain over the last 12 months. Narwee is one of 3163 in our list for NSW
Across a shorter period, Narwee, 2209 has seen a median price increase of -10.83% over the last quarter.
Our latest figures would indicate that property sellers in Narwee are currently offering property investors an average price cut of -5.52% below the asking price at the moment.
In the last year 26 properties changed hands in Narwee, which puts it as the 410th most active market in NSW when comparing the number of sales per suburb.