Suburb Profile Report for Narrabundah ACT (2604)

Narrabundah House: Median price $910,000, Annual capital growth 4.30%, Number of sales 75, Weekly median advertised rent $600

Narrabundah Unit: Median price $429,000, Annual capital growth 0.98%, Number of sales 26, Weekly median advertised rent $470

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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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:




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Narrabundah, ACT – The property market widens

Postcode: 2604

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.

Metrics i HOUSE UNIT
$910,000 $429,000
1.11% -0.92%
2.82% -1.86%
4.30% 0.98%
$600 $470
75 26
3.43% 5.70%
49.6666666666667 94.952380952381

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5669
Median household income ($/weekly) 1834
Median age of persons 39
Median housing loan repayment ($/monthly) 2200
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 645 11.4
    25-34 years 807 14.2
    35-44 years 915 16.1
    45-54 years 861 15.2
    55-64 years 581 10.2
    Others 1862 32.8
    Age Group
    Census Count Percent(%)
    Not Married 2012 48.9
    Registered Married 1663 40.4
    Defacto Relationship 441 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4039 74.3
    Indonesia 72 1.3
    Papua New Guinea 76 1.4
    United Kingdom 259 4.8
    Other 317 5.8
    Others 676 12.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 145 2.8
    Christianity 3016 58.1
    Hinduism 74 1.4
    Islam 104 2.0
    No Religion 1763 34.0
    Others 85 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 231 11.3
    $2,000-$2,499 157 7.7
    $2,500-$2,999 276 13.5
    $3,000-$3,499 185 9.0
    $4,000 or more 238 11.6
    Others 964 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2081 46.3
    Not in the labour force 1416 31.5
    Employed, worked part-time 701 15.6
    Employed, away from work 175 3.9
    Unemployed, looking for work 122 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 516 17.5
    Professionals 1092 37.0
    Technicians & trades workers 260 8.8
    Community & personal service workers 223 7.5
    Clerical & administrative workers 471 15.9
    Others 393 13.3
    Occupation
    Census Count Percent(%)
    Pre-school 86 6.3
    Infants/Primary 407 29.7
    Secondary 370 27.0
    Technical or Further Educational Institution 118 8.6
    University or other Tertiary Institutions 345 25.2
    Others 43 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4007 77.4
    Flat, unit or apartment 776 15.0
    Semi-detached, row or terrace house, townhouse 396 7.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 958 43.3
    Being purchased 669 30.2
    Fully owned 561 25.4
    Other tenure type 24 1.1
    Tenure Type
Census 2011, ABS
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