Suburb Profile Report for Narwee NSW (2209)

Narwee House: Median price $1,051,500, Annual capital growth 8.76%, Number of sales 48, Weekly median advertised rent $595

Narwee Unit: Median price $607,500, Annual capital growth 6.48%, Number of sales 26, Weekly median advertised rent $425

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$1,051,500 $607,500
-4.41% -10.83%
-10.13% -1.22%
8.76% 6.48%
$595 $425
48 26
2.94% 3.64%
80.36 31.85

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
Chart Table
Recent sales & rentals