With a capital gain of 2.82% for the last 12 months, Narrabundah, 2604 has performed for property investments than its average annual 4.30% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Narrabundah comes in at number 35th in ACT.
On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.
ACT has seen average median house prices change by 0.87% which means that Narrabundah, 2604 has done well for property investors by showing a capital gain of -1.86% over the last year
The five-year average increase in median property values for Narrabundah,2604 has given property investors a potential capital gain of 2.14% across each of those five years.
The most recent median price for Narrabundah is $429000, with sellers offering an average of -3.79% off the asking price.
At number 985 in a list of fastest selling suburbs, Narrabundah is in the bottom 30% of suburbs in Australia with an average of days on market 94.9524 for properties listed there.
Narrabundah, 2604’s gross rental yield is 5.70%
Information supplied by:
Narrabundah, ACT – The property market widens
Median house price: $900,000
Stock on market: 89.3%
12-month growth: 0%
Narrabundah is a suburb home to parks, open spaces and bushland. This makes it the perfect residence for families with children, especially given its community-oriented vibe.
The streets are lined with native trees for a lovely sight of greenery. Narrabundah is mainly peppered with single-storey detached housing. In the July 2018-2019 period, the number of houses and units on the market increased.
Rocky Knoll Park in the north of the suburb offers a spectacular panoramic view of Canberra. There are many cafes and restaurants as well. Narrabundah Early Childhood School and Narrabundah College call the suburb home – the latter is regarded as one of the best public schools in the state.