Property investors who have had real estate in Narrawallee, 2539 should be 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 17.42%
Over the longer term, Narrawallee has seen property prices show investors a 33.97% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Narrawallee is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 709th 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.
With the median price for a house in Narrawallee being $522500 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 4.98%