Suburb Profile Report for Narrabundah ACT (2604)

Narrabundah House: Median price $985,000, Annual capital growth 4.05%, Number of sales 97, Weekly median advertised rent $625

Narrabundah Unit: Median price $470,000, Annual capital growth 0.08%, Number of sales 35, Weekly median advertised rent $495

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

ACT has seen average median house prices change by 5.48% which means that Narrabundah, 2604 has done well for property investors by showing a capital gain of 7.36% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Narrabundah comes in at number 31th in ACT.

The most recent median price for Narrabundah is $985000, with sellers offering an average of -3.93% off the asking price.

Narrabundah, 2604’s gross rental yield is 3.30%

Giving property investors a a stable capital gain of 8.42% for the last year, Narrabundah, 2604 is the 459th highest performer in Australia in this respect.

Across a shorter period, Narrabundah, 2604 has seen a median price increase of -3.89% over the last quarter.

Sellers are offering property buyers an average discount of -1.41% to buyers in Narrabundah at the moment, which is less than average for the rest of ACT.

Often selling an investment property can take time, and in Narrabundah the average time real estate has been on the market is 84.3182 days.

Advertised rents are around the $495 mark per week – giving a return of 5.48% based on the median price in Suburb

Information supplied by:




M
O

W
E

Narrabundah, ACT

Median House Price: $910,000

Current Yield (houses): 3.4%

Average annual growth (houses): 4.3%

Median Unit Price: $429,000

Current Yield (units): 5.7%

Average annual growth (units): 1.0%

The suburb of Narrabundah appeals to those who want to buy in Red Hill but are put off by the high prices, as it is adjacent to this prime suburb. The house market boasts an average annual growth rate of 4.3%.

“Narrabundah is close to the city and to the redeveloped Kingston foreshore, which is a great attraction for locals and tourists. There are plenty of renovation opportunities with many homes requiring upgrading,” says Peter Koulizos, director of the Master of Property program at the University of Adelaide.

Metrics i HOUSE UNIT
$985,000 $470,000
1.49% -3.89%
7.36% 8.42%
4.05% 0.08%
$625 $495
97 35
3.30% 5.48%
69.2068965517241 84.3181818181818

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Narrabundah ACT
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
Chart Table