Narara is in the TOP 20% in NSW when comparing median price capital growth over the last year. Narara gave property investors a very good capital gain figure when compared to the rest of the state, with 14.74%.
A 60.29% growth in median value for property investors in Narara,2250 puts this suburb at number 516th in terms of best performing suburbs in NSW
Sellers are offering property buyers an average discount of -5.48% to buyers in Narara at the moment, which is less than average for the rest of NSW.
With the median price for a house in Narara being $545000 and the advertised rent reaching $435 the gross rental yield for property investors calculates out to be 4.15%
With a capital gain of 23.19% for the last 12 months, Narara, 2250 has performed for property investments than its average annual 5.05% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Narara,2250 has racked up an average of 23.19% over the period. This ranks it number 74th in the whole country for real estate investors looking at median house price increases.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.48% offered to property buyers. Sellers in Narara itself are offering an average vendor discount of -3.77% to real estate investors.
Residents and property investors in Narara have been waiting around 39.06 days to sell a property.
Narara is 223th on a list of best yielding suburbs for rents in NSW with a 4.40% return