Suburb Profile Report for Narara NSW (2250)

Narara House: Median price $590,000, Annual capital growth 6.47%, Number of sales 144, Weekly median advertised rent $455

Narara Unit: Median price $444,500, Annual capital growth 7.52%, Number of sales 27, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

At number 1404th in the list of Australian suburbs ordered by increase in median house value over the last year, Narara, 2250 is in the top 40% with a property value increase of 10.28% recorded in median house prices.

Narara,2250 has offered an average of 10.28% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Narara is offering property investors an average of -5.28. This rate of discount on properties puts Suburb at number 737th in terms of most discounted suburbs in NSW

Narara, 2250’s gross rental yield is 4.01%

Property investors who have had real estate in Narara, 2250 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.11%

Over the longer term, Narara has seen property prices show investors a 43.85% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Narara is giving property investors an average Vendor Discount of around -1.96%. This puts suburb at number 436th in NSW when ranking the most discounted suburbs.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$590,000 $444,500
4.42% 4.59%
10.28% 7.11%
6.47% 7.52%
$455 $380
144 27
4.01% 4.45%
31.18 16.86

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 7766
Median household income ($/weekly) 1294
Median age of persons 37
Median housing loan repayment ($/monthly) 1794
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1045 13.5
    25-34 years 914 11.8
    35-44 years 1071 13.8
    45-54 years 1200 15.5
    55-64 years 1002 12.9
    Others 2534 32.6
    Age Group
    Census Count Percent(%)
    Registered Married 2901 50.2
    Not Married 2377 41.1
    Defacto Relationship 505 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6258 83.8
    Papua New Guinea 144 1.9
    Philippines 47 0.6
    United Kingdom 477 6.4
    Other 145 1.9
    Others 394 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 0.9
    Christianity 5440 75.8
    Islam 25 0.3
    Other Religious Groups 41 0.6
    No Religion 1589 22.1
    Others 18 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 241 10.1
    $800-$999 223 9.3
    $1,000-$1,249 243 10.1
    $1,500-$1,999 370 15.4
    $2,000-$2,499 246 10.3
    Others 1072 44.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2274 38.3
    Not in the labour force 1848 31.1
    Employed, worked part-time 1304 22.0
    Employed, away from work 265 4.5
    Unemployed, looking for work 244 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 748 19.5
    Technicians & trades workers 582 15.2
    Community & personal service workers 429 11.2
    Clerical & administrative workers 616 16.0
    Sales 442 11.5
    Others 1024 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 164 8.1
    Infants/Primary 661 32.7
    Secondary 643 31.8
    Technical or Further Educational Institution 201 9.9
    University or other Tertiary Institutions 311 15.4
    Others 42 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6759 90.6
    Semi-detached, row or terrace house, townhouse 633 8.5
    Flat, unit or apartment 60 0.8
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1302 49.3
    Fully owned 838 31.7
    Rented 498 18.8
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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