At number 1366th in the list of Australian suburbs ordered by increase in median house value over the last year, Narrabundah, 2604 is in the top 40% with a property value increase of 11.86% recorded in median house prices.
Narrabundah,2604 has offered an average of 11.86% return per annum in house price rises to property investors over the last three years.
With the median price for a house in Narrabundah being $915000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.13%
Narrabundah has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 6.34% to date .
Taking the average capital gain, or increase in median house value, Narrabundah,2604 has racked up an average of 6.34% over the period. This ranks it number 916th in the whole country for real estate investors looking at median house price increases.
Narrabundah2604 is located in ACT which offers an average discount of -3.82% to property investors. Narrabundah itself is showing figures that indicate -3.32% is the average achievable by property buyers investing in the suburb.