At number 973th in the list of Australian suburbs ordered by increase in median house value over the last year, Narwee, 2209 is in the top 30% with a property value increase of 11.89% recorded in median house prices.
If we look at median property appreciation over just the last three months, Narwee has given property investors a paper return of -2.17%. This puts Suburb as 1164 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Narwee is $1125006, with sellers offering an average of -3.63% off the asking price.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 9.10%, investors should hope to achieve an overall return of 2.54%
At number 48th in the list of Australian suburbs ordered by increase in median house value over the last year, Narwee, 2209 is in the top 10% with a property value increase of 27.94% recorded in median house prices.
While Narwee,2209 ranked number 10th in NSW for increase in median house value (annualised) increase, it is ranked 31th over the last 5 years.
Vendor discounting in Narwee is giving property investors an average Vendor Discount of around -5.56%. This puts suburb at number 98th in NSW when ranking the most discounted suburbs.
In the last year 23 properties changed hands in Narwee, which puts it as the 404th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $400 weekly from the median priced house in this suburb.