Suburb Profile Report for Narwee NSW (2209)

Narwee House: Median price $1,000,000, Annual capital growth 6.31%, Number of sales 32, Weekly median advertised rent $575

Narwee Unit: Median price $568,750, Annual capital growth 7.40%, Number of sales 30, Weekly median advertised rent $420

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

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

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  • House Report
  • Unit Report

If you compare the increase in value of investment property in Narwee, 2209 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 4.88%.

Over the longer term, Narwee has seen property prices show investors a -4.76% return over the last 3 years. This is an improvement over the last 12 months

The NSW suburb of Narwee, 2209 is in the Canterbury-Bankstown (A) local government area.

Property investors who have had real estate in Narwee, 2209 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.01%

While Narwee,2209 ranked number 407th in NSW for increase in median house value (annualised) increase, it is ranked 453th over the last 5 years.

In the last year 30 properties changed hands in Narwee, which puts it as the 326th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Narwee being $568750 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.84%

Information supplied by:


March 2019

M
O

W
E

Tenants have little room

Postcode: 2209

Median unit price: $645,000

Vacancy rate: 1.1%

Three-year growth: 14.8%

Once known as Sunning Hill Farm, the suburb of Narwee was named after an Aboriginal word for “sun.”

The suburb’s railway station was first established in 1931, and today is a stop on the Airport & South Line of the Sydney Trains network. Narwee Primary School is situated here – the suburb once had a high school, but the land has since been developed for residential use.

Adjacent to the train station, Broadarrow Road serves as the suburb’s main street and its commercial hub, being the main shopping district. The suburb is also close to other shopping centres in Roselands, Hurstville, Miranda and Bankstown.

These advantages have made Narwee very popular with tenants; thus, the suburb’s vacancy rates have remained at an extremely tight 1%. The weekly rent rate comes in at $423, and investors can reap returns of 3.4%.

Metrics i HOUSE UNIT
$1,000,000 $568,750
1.01% -0.66%
4.88% 10.01%
6.31% 7.40%
$575 $420
32 30
2.99% 3.84%
N/A 70.8

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4956
Median household income ($/weekly) 1013
Median age of persons 39
Median housing loan repayment ($/monthly) 2167
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 530 10.7
    25-34 years 686 13.8
    35-44 years 665 13.4
    45-54 years 677 13.7
    55-64 years 540 10.9
    Others 1858 37.5
    Age Group
    Census Count Percent(%)
    Registered Married 1902 52.4
    Not Married 1600 44.1
    Defacto Relationship 127 3.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2169 48.6
    Croatia 746 16.7
    India 198 4.4
    Iraq 95 2.1
    Other 302 6.8
    Others 953 21.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 414 9.5
    Christianity 2497 57.0
    Hinduism 120 2.7
    Islam 276 6.3
    No Religion 1036 23.7
    Others 36 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 158 10.1
    $400-$599 170 10.9
    $600-$799 148 9.5
    $800-$999 143 9.2
    $1,500-$1,999 184 11.8
    Others 757 48.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1547 42.5
    Employed, worked full-time 1306 35.8
    Employed, worked part-time 544 14.9
    Unemployed, looking for work 140 3.8
    Employed, away from work 106 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 200 10.2
    Professionals 405 20.7
    Technicians & trades workers 276 14.1
    Clerical & administrative workers 342 17.5
    Sales 199 10.2
    Others 532 27.2
    Occupation
    Census Count Percent(%)
    Pre-school 65 6.2
    Infants/Primary 331 31.8
    Secondary 277 26.6
    Technical or Further Educational Institution 103 9.9
    University or other Tertiary Institutions 224 21.5
    Others 42 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2700 59.9
    Flat, unit or apartment 1030 22.9
    Semi-detached, row or terrace house, townhouse 753 16.7
    House or flat attached to a shop, office 24 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 612 36.6
    Being purchased 528 31.6
    Fully owned 521 31.2
    Other tenure type 9 0.5
    Tenure Type
Census 2011, ABS
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