At number 3817th in the list of Australian suburbs ordered by increase in median house value over the last year, Narwee, 2209 is in the BOTTOM 10% with a property value increase of -8.43% recorded in median house prices.
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.
Sellers are offering property buyers an average discount of -7.40% to buyers in Narwee at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 8.51%, investors should hope to achieve an overall return of 2.72%
Giving property investors a a poor capital gain of -13.21% for the last year, Narwee, 2209 is the 1623th highest performer in Australia in this respect.
Comparing Narwee,2209 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Narwee2209 is located in NSW which offers an average discount of -4.16% to property investors. Narwee itself is showing figures that indicate -4.05% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $422.5 mark per week – giving a return of 3.62% based on the median price in Suburb