Suburb Profile Report for Narrabundah ACT (2604)

Narrabundah House: Median price $912,500, Annual capital growth 4.18%, Number of sales 83, Weekly median advertised rent $600

Narrabundah Unit: Median price $436,750, Annual capital growth 1.18%, Number of sales 25, Weekly median advertised rent $470

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

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

  • House Report
  • Unit Report

Narrabundah, 2604 ranked 43th in ACT when comparing growth in median property values or capital gain over the last 12 months. Narrabundah is one of 126 in our list for ACT

The five-year average increase in median property values for Narrabundah,2604 has given property investors a potential capital gain of 40.38% across each of those five years.

At number 345 in a list of fastest selling suburbs, Narrabundah is in the TOP 10% of suburbs in Australia with an average of days on market 47.7667 for properties listed there.

Advertised rents are around the $600 mark per week – giving a return of 3.42% based on the median price in Suburb

At number 605th in the list of Australian suburbs ordered by increase in median house value over the last year, Narrabundah, 2604 is in the top half with a property value increase of 0.06% recorded in median house prices.

Narrabundah,2604 has offered an average of 0.06% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Narrabundah are currently offering property investors an average price cut of -3.59% below the asking price at the moment.

At number 823 in a list of fastest selling suburbs, Narrabundah is in the bottom 40% of suburbs in Australia with an average of days on market 84.1 for properties listed there.

Narrabundah, 2604’s gross rental yield is 5.60%

Metrics i HOUSE UNIT
$912,500 $436,750
-2.93% 0.75%
3.11% 0.06%
4.18% 1.18%
$600 $470
83 25
3.42% 5.60%
47.7666666666667 84.1

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 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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