Suburb Profile Report for Narromine NSW (2821)

Narromine House: Median price $235,000, Annual capital growth 4.41%, Number of sales 73, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report

Giving property investors a a poor capital gain of -4.08% for the last year, Narromine, 2821 is the 3503th highest performer in Australia in this respect.

Narromine,2821 was ranked 3379 in Australia by increase in median property value over the quarter.

At number 53th of NSW’s most discounted properties, Narromine is in the bottom 10% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Narromine the average time real estate has been on the market is 159.15 days.

Using the current median advertised rental of $295 and the average annual increase in value of a median property of 4.41%, investors should hope to achieve an overall return of 6.53%

Metrics i HOUSE UNIT
$235,000 N/A
-2.08% N/A
-4.08% N/A
4.41% N/A
$295 N/A
73 N/A
6.53% N/A
159.15 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4581
Median household income ($/weekly) 848
Median age of persons 38
Median housing loan repayment ($/monthly) 1100
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 726 15.8
    25-34 years 460 10.0
    35-44 years 553 12.1
    45-54 years 599 13.1
    55-64 years 567 12.4
    Others 1676 36.6
    Age Group
    Census Count Percent(%)
    Registered Married 1502 49.3
    Not Married 1248 40.9
    Defacto Relationship 299 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4185 96.5
    Indonesia 8 0.2
    Papua New Guinea 22 0.5
    United Kingdom 59 1.4
    Other 16 0.4
    Others 48 1.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.3
    Christianity 3753 88.3
    Hinduism 5 0.1
    Other Religious Groups 4 0.1
    No Religion 473 11.1
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 178 12.1
    $400-$599 219 14.9
    $600-$799 172 11.7
    $800-$999 143 9.7
    $1,500-$1,999 165 11.2
    Others 592 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1234 37.8
    Employed, worked full-time 1217 37.2
    Employed, worked part-time 543 16.6
    Employed, away from work 138 4.2
    Unemployed, looking for work 136 4.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 368 19.4
    Professionals 273 14.4
    Technicians & trades workers 257 13.5
    Clerical & administrative workers 203 10.7
    Labourers 251 13.2
    Others 549 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 98 9.3
    Infants/Primary 488 46.2
    Secondary 290 27.4
    Technical or Further Educational Institution 100 9.5
    University or other Tertiary Institutions 56 5.3
    Others 25 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4058 95.5
    Flat, unit or apartment 81 1.9
    Semi-detached, row or terrace house, townhouse 71 1.7
    House or flat attached to a shop, office 26 0.6
    Caravan, cabin, houseboat 12 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 621 38.1
    Being purchased 500 30.7
    Rented 494 30.3
    Other tenure type 16 1.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals