Suburb Profile Report for Narara NSW (2250)

Narara House: Median price $626,500, Annual capital growth 7.32%, Number of sales 119, Weekly median advertised rent $460

Narara Unit: Median price $460,000, Annual capital growth 6.67%, Number of sales 23, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs
  • House Report
  • Unit Report

At number 1730th in the list of Australian suburbs ordered by increase in median house value over the last year, Narara, 2250 is in the top half with a property value increase of 5.29% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Narara comes in at number 359th in NSW.

At number 759th of NSW’s most discounted properties, Narara is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Narara is 408th on a list of best yielding suburbs for rents in NSW with a 3.82% return

At number 762th in the list of Australian suburbs ordered by increase in median house value over the last year, Narara, 2250 is in the top half with a property value increase of 3.37% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Narara,2250 has racked up an average of 3.37% over the period. This ranks it number 252th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Narara should be aiming for at least -3.79% off the asking price, which is the average vendor discount being achieved at the moment.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.41%, without taking into account capital value appreciation, which has been averaging out at 6.67%.

Metrics i HOUSE UNIT
$626,500 $460,000
-0.56% -4.17%
5.29% 3.37%
7.32% 6.67%
$460 $390
119 23
3.82% 4.41%
36.9 21.07

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 7766
Median household income ($/weekly) 1294
Median age of persons 37
Median housing loan repayment ($/monthly) 1794
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1045 13.5
    25-34 years 914 11.8
    35-44 years 1071 13.8
    45-54 years 1200 15.5
    55-64 years 1002 12.9
    Others 2534 32.6
    Age Group
    Census Count Percent(%)
    Registered Married 2901 50.2
    Not Married 2377 41.1
    Defacto Relationship 505 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6258 83.8
    Papua New Guinea 144 1.9
    Philippines 47 0.6
    United Kingdom 477 6.4
    Other 145 1.9
    Others 394 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 0.9
    Christianity 5440 75.8
    Islam 25 0.3
    Other Religious Groups 41 0.6
    No Religion 1589 22.1
    Others 18 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 241 10.1
    $800-$999 223 9.3
    $1,000-$1,249 243 10.1
    $1,500-$1,999 370 15.4
    $2,000-$2,499 246 10.3
    Others 1072 44.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2274 38.3
    Not in the labour force 1848 31.1
    Employed, worked part-time 1304 22.0
    Employed, away from work 265 4.5
    Unemployed, looking for work 244 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 748 19.5
    Technicians & trades workers 582 15.2
    Community & personal service workers 429 11.2
    Clerical & administrative workers 616 16.0
    Sales 442 11.5
    Others 1024 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 164 8.1
    Infants/Primary 661 32.7
    Secondary 643 31.8
    Technical or Further Educational Institution 201 9.9
    University or other Tertiary Institutions 311 15.4
    Others 42 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6759 90.6
    Semi-detached, row or terrace house, townhouse 633 8.5
    Flat, unit or apartment 60 0.8
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1302 49.3
    Fully owned 838 31.7
    Rented 498 18.8
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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