Suburb Profile Report for Narrabeen NSW (2101)

Narrabeen House: Median price $2,180,000, Annual capital growth 8.34%, Number of sales 33, Weekly median advertised rent $950

Narrabeen Unit: Median price $906,500, Annual capital growth 6.75%, Number of sales 205, Weekly median advertised rent $620

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

Source: CoreLogic

  • House Report
  • Unit Report

Narrabeen is in the bottom 10% in NSW when comparing median price capital growth over the last year. Narrabeen gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.91%.

A 90.39% growth in median value for property investors in Narrabeen,2101 puts this suburb at number 1126th in terms of best performing suburbs in NSW

Sellers are offering property buyers an average discount of -13.26% to buyers in Narrabeen at the moment, which is less than average for the rest of NSW.

At number 1733 in a list of fastest selling suburbs, Narrabeen is just in the top half of suburbs in Australia with an average of days on market 69.83 for properties listed there.

A $950 per week rent on the median house gives suburb investors a gross yield of circa 2.27%, without taking into account capital value appreciation, which has been averaging out at 8.34%.

At number 447th in the list of Australian suburbs ordered by increase in median house value over the last year, Narrabeen, 2101 is in the top 30% with a property value increase of 11.23% recorded in median house prices.

Narrabeen,2101 was ranked 1361 in Australia by increase in median property value over the quarter.

Vendor discounting in Narrabeen is giving property investors an average Vendor Discount of around -3.26%. This puts suburb at number 344th in NSW when ranking the most discounted suburbs.

Situated 18.20km from the CBD, Narrabeen is one of Pittwater localities in the postcode 2101.

Metrics i HOUSE UNIT
$2,180,000 $906,500
-0.91% -2.00%
-0.91% 11.23%
8.34% 6.75%
$950 $620
33 205
2.27% 3.56%
69.83 30.26

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 7474
Median household income ($/weekly) 1331
Median age of persons 42
Median housing loan repayment ($/monthly) 2500
Average household size 2
  • Census Count Percent(%)
    25-34 years 1387 18.6
    35-44 years 993 13.3
    45-54 years 817 10.9
    55-64 years 758 10.1
    85 years and over 865 11.6
    Others 2653 35.5
    Age Group
    Census Count Percent(%)
    Not Married 2480 45.6
    Registered Married 2230 41.0
    Defacto Relationship 731 13.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5331 76.7
    Papua New Guinea 193 2.8
    South Africa 86 1.2
    United Kingdom 545 7.8
    Other 303 4.4
    Others 488 7.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 91 1.4
    Christianity 4982 74.4
    Islam 20 0.3
    Other Religious Groups 35 0.5
    No Religion 1544 23.0
    Others 28 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 331 11.2
    $800-$999 270 9.1
    $1,500-$1,999 395 13.3
    $2,000-$2,499 272 9.2
    $2,500-$2,999 302 10.2
    Others 1394 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2602 42.3
    Not in the labour force 2336 38.0
    Employed, worked part-time 945 15.4
    Employed, away from work 149 2.4
    Unemployed, looking for work 119 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 591 16.0
    Professionals 941 25.5
    Technicians & trades workers 566 15.3
    Clerical & administrative workers 593 16.0
    Sales 332 9.0
    Others 672 18.2
    Occupation
    Census Count Percent(%)
    Pre-school 90 8.2
    Infants/Primary 303 27.7
    Secondary 245 22.4
    Technical or Further Educational Institution 148 13.6
    University or other Tertiary Institutions 243 22.3
    Others 63 5.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 3988 62.5
    Separate house 1556 24.4
    Semi-detached, row or terrace house, townhouse 841 13.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1298 41.5
    Fully owned 820 26.2
    Being purchased 807 25.8
    Other tenure type 206 6.6
    Tenure Type
Census 2011, ABS
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