Investment property in Narwee has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.70%
When looking at the potential capital gains offered to property investors over the last 3 years, Narwee comes in at number 790th in NSW.
Vendor discounting in Narwee is giving property investors an average Vendor Discount of around -7.86%. This puts suburb at number 137th in NSW when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $6600 per annum or $550 every week.
Over the last year, property investments in Narwee, 2209 have given investors a capital gain of -14.29%. This compares very badly with the 6.96% for NSW as a whole.
Comparing Narwee,2209 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.23% offered to property buyers. Sellers in Narwee itself are offering an average vendor discount of -4.32% to real estate investors.
In the last year 28 properties changed hands in Narwee, which puts it as the 393th most active market in NSW when comparing the number of sales per suburb.
Property investors should expect to get $420 weekly from the median priced house in this suburb.