Suburb Profile Report for Naremburn NSW (2065)

Naremburn House: Median price $2,040,000, Annual capital growth 7.42%, Number of sales 39, Weekly median advertised rent $940

Naremburn Unit: Median price $1,066,000, Annual capital growth 6.84%, Number of sales 62, Weekly median advertised rent $680

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

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

  • Expert Report
  • House Report
  • Unit Report

Naremburn, 2065 ranked 901th in NSW when comparing growth in median property values or capital gain over the last 12 months. Naremburn is one of 3163 in our list for NSW

Taking the average capital gain, or increase in median house value, Naremburn,2065 has racked up an average of -9.13% over the period. This ranks it number 2140th in the whole country for real estate investors looking at median house price increases.

In the last year 39 properties changed hands in Naremburn, which puts it as the 651th most active market in NSW when comparing the number of sales per suburb.

If you compare the increase in value of investment property in Naremburn, 2065 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -2.20%.

Naremburn,2065 was ranked 1199 in Australia by increase in median property value over the quarter.

Vendor discounting in Naremburn is giving property investors an average Vendor Discount of around -5.29%. This puts suburb at number 291th in NSW when ranking the most discounted suburbs.

Residents and property investors in Naremburn have been waiting around 60.3529 days to sell a property.

With the median price for a house in Naremburn being $1066000 and the advertised rent reaching $680 the gross rental yield for property investors calculates out to be 3.32%

Information supplied by:


April 2019

M
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Recent drop affects Sydney suburb

Postcode: 2065

Median house price: $2,052,500

Three-year growth: 12.9%

Rental yield: 2.4%

With a convenient location close to the city and to a nature reserve at the same time, the suburb of Naremburn on Sydney’s lower North Shore has been highlighted for its quiet atmosphere and amazing views by residents.

Its safe environment makes it a top pick for families, especially with the Sydney CBD being only 6km away. The commercial area is centred on Willoughby Road, which is lined with shops. The city is reachable via the Warringah Freeway, which passes through Naremburn. Its proximity to the suburb of Crows Nest also provides residents with many dining options.

Naremburn is one of the more expensive suburbs in Sydney, with a median house value of more than $2m. However, the capital city’s recent struggles have seen prices fall by 14.5% in the year to February 2019.

Metrics i HOUSE UNIT
$2,040,000 $1,066,000
0.00% -3.53%
-9.13% -2.20%
7.42% 6.84%
$940 $680
39 62
2.40% 3.32%
N/A 60.3529411764706

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 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 5474
Median household income ($/weekly) 2524
Median age of persons 36
Median housing loan repayment ($/monthly) 3000
Average household size 2.4
  • Census Count Percent(%)
    0-4 years 548 10.0
    25-34 years 1049 19.2
    35-44 years 1081 19.7
    45-54 years 749 13.7
    55-64 years 565 10.3
    Others 1482 27.1
    Age Group
    Census Count Percent(%)
    Registered Married 2127 51.6
    Not Married 1543 37.4
    Defacto Relationship 452 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3439 65.1
    India 109 2.1
    Papua New Guinea 177 3.4
    United Kingdom 383 7.3
    Other 247 4.7
    Others 925 17.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 139 2.7
    Christianity 3178 62.3
    Hinduism 73 1.4
    Judaism 47 0.9
    No Religion 1603 31.4
    Others 63 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 177 8.7
    $2,000-$2,499 161 7.9
    $2,500-$2,999 387 19.0
    $3,000-$3,499 197 9.7
    $4,000 or more 338 16.6
    Others 780 38.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2279 53.9
    Not in the labour force 969 22.9
    Employed, worked part-time 714 16.9
    Employed, away from work 171 4.0
    Unemployed, looking for work 97 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 646 20.4
    Professionals 1376 43.5
    Technicians & trades workers 203 6.4
    Community & personal service workers 201 6.4
    Clerical & administrative workers 408 12.9
    Others 328 10.4
    Occupation
    Census Count Percent(%)
    Pre-school 155 13.5
    Infants/Primary 377 32.8
    Secondary 226 19.6
    Technical or Further Educational Institution 89 7.7
    University or other Tertiary Institutions 263 22.8
    Others 41 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2551 48.6
    Flat, unit or apartment 1575 30.0
    Semi-detached, row or terrace house, townhouse 1109 21.1
    Caravan, cabin, houseboat 7 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 783 35.7
    Rented 766 34.9
    Fully owned 633 28.9
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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