Suburb Profile Report for Narrabundah ACT (2604)

Narrabundah House: Median price $1,223,000, Annual capital growth 0.96%, Number of sales 99, Weekly median advertised rent $270

Narrabundah Unit: Median price $515,500, Annual capital growth 0.00%, Number of sales 52, Weekly median advertised rent $0

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Narrabundah has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.00%

Narrabundah,2604 has offered an average of -10.00% return per annum in house price rises to property investors over the last three years.

The most recent median price for Narrabundah is $1223000, with sellers offering an average of -5.76% off the asking price.

Situated 6.39km from the CBD, Narrabundah is one of Unincorporated ACT localities in the postcode 2604.

Narrabundah, 2604 ranked 24th 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

A 0.00% growth in median value for property investors in Narrabundah,2604 puts this suburb at number 57th in terms of best performing suburbs in ACT

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -1.49% offered to property buyers. Sellers in Narrabundah itself are offering an average vendor discount of 0.00% to real estate investors.

At number 1 in a list of fastest selling suburbs, Narrabundah is in the TOP 20% of suburbs in Australia with an average of days on market 0 for properties listed there.

A $0 per week rent on the median house gives suburb investors a gross yield of circa 0.00%, without taking into account capital value appreciation, which has been averaging out at 0.00%.

Information supplied by:




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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
$1,223,000 $515,500
-18.18% -18.14%
-10.00% 0.00%
0.96% 0.00%
$270 $0
99 52
7.80% 0.00%
96 0

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very 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
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