Property investors who have had real estate in Narrabeen, 2101 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.44%
While Narrabeen,2101 ranked number 833th in NSW for increase in median house value (annualised) increase, it is ranked 793th over the last 5 years.
A $950 per week rent on the median house gives suburb investors a gross yield of circa 2.30%, without taking into account capital value appreciation, which has been averaging out at 8.05%.
Property value increases in Narrabeen have tracked just lower than the NSW average of 4.56% over the last 12 months.
Across a shorter period, Narrabeen, 2101 has seen a median price increase of -1.66% over the last quarter.
The most recent median price for Narrabeen is $890000, with sellers offering an average of -4.10% off the asking price.
On average over the past year, suburb has had 14.92 sales per month, which equates to 179 per year.
Narrabeen, 2101’s gross rental yield is 3.62%