Suburb Profile Report for Narrabundah ACT (2604)

Narrabundah House: Median price $1,001,000, Annual capital growth 5.71%, Number of sales 65, Weekly median advertised rent $595

Narrabundah Unit: Median price $480,000, Annual capital growth 2.07%, Number of sales 58, Weekly median advertised rent $460

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

Property investors who have had real estate in Narrabundah, 2604 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.22%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narrabundah has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Narrabundah is offering property investors an average of -3.62. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in ACT

A $595 per week rent on the median house gives suburb investors a gross yield of circa 3.09%, without taking into account capital value appreciation, which has been averaging out at 5.71%.

If you compare the increase in value of investment property in Narrabundah, 2604 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -6.80%.

Narrabundah,2604 was ranked 1595 in Australia by increase in median property value over the quarter.

The most recent median price for Narrabundah is $480000, with sellers offering an average of -2.52% off the asking price.

Often selling an investment property can take time, and in Narrabundah the average time real estate has been on the market is 84.02 days.

Situated 6.70km from the CBD, Narrabundah is one of Unincorporated ACT localities in the postcode 2604.

Metrics i HOUSE UNIT
$1,001,000 $480,000
4.54% -11.32%
11.22% -6.80%
5.71% 2.07%
$595 $460
65 58
3.09% 4.98%
56.6 84.02

Source: CoreLogic

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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