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%