If you compare the increase in value of investment property in Narrabri, 2390 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -1.54%.
Narrabri,2390 has offered an average of -1.54% return per annum in house price rises to property investors over the last three years.
At number 27th of NSW’s most discounted properties, Narrabri is in the bottom 10% of the state/territory when listing in order of most discounted to least.
In the last year 86 properties changed hands in Narrabri, which puts it as the 293th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.26%, investors should hope to achieve an overall return of 5.85%
Information supplied by:
Narrabri, NSW – Catch a shooting star
Median house price: $315,000
Three-year growth: -2%
Rental yield: 6%
Nicknamed the ‘heart of the northwest’, Narrabri is tucked into the Namoi Valley. The CSIRO Australia Telescope is located in this suburb, along with the Crossing Theatre and many restaurants.
Natural attractions in the area include the increasingly popular Dripping Rock waterfall, the Sawn Rocks rock formation, and the Old Gaol Heritage Museum. Mount Kaputar National Park is just an hour’s drive from the suburb and provides a panoramic view of a large area of NSW from its summit. Narrabri Lake was once swampland but has since been developed into a recreational area with a playground.