Suburb Profile Report for Narara NSW (2250)

Narara House: Median price $620,000, Annual capital growth 6.55%, Number of sales 123, Weekly median advertised rent $450

Narara Unit: Median price $465,000, Annual capital growth 5.57%, Number of sales 13, Weekly median advertised rent $395

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

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

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With a capital gain of 1.06% for the last 12 months, Narara, 2250 has performed for property investments than its average annual 6.55% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narara has increased when compared to the 5 year average annual rate.

Narara, 2250 is offering NSW ‘s 114th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

In the last year 123 properties changed hands in Narara, which puts it as the 149th most active market in NSW when comparing the number of sales per suburb.

The NSW suburb of Narara, 2250 is in the Central Coast (C) (NSW) local government area.

Narara is an average performer in NSW when comparing median price capital growth over the last year. Narara gave property investors a average capital gain figure when compared to the rest of the state, with 0.43%.

Taking the average capital gain, or increase in median house value, Narara,2250 has racked up an average of 0.43% over the period. This ranks it number 700th in the whole country for real estate investors looking at median house price increases.

Using the current median advertised rental of $395 and the average annual increase in value of a median property of 5.57%, investors should hope to achieve an overall return of 4.42%

Information supplied by:


January 2019

M
O

W
E

Renovation potential abounds

Postcode: 2250

Median house price: $635,000

Three-year growth: 37.4%

Rental yield: 3.8%

Located around 4km north of Gosford’s CBD on the Central Coast, the suburb of Narara is a primarily residential suburb, serviced by the Narara Railway Station.

A popular suburb with families, both renters and homeowners alike, Narara boasts its own corner shop and bottleshop, along with a number of parks, sporting grounds, a public skatepark and two schools. It is also home to the Narara Ecovillage, a sustainable community that aims to become a stylish, intergenerational collective that blends the principles of ecological and social sustainability.

A solid brick home on a decent size block of around 600-650m2 is the ideal choice in this neighbourhood, as it suits a wide range of potential tenants. There are plenty of properties in the area that could be improved through a strategic renovation, giving landlords the opportunity to build immediate equity into their investment.

Metrics i HOUSE UNIT
$620,000 $465,000
0.39% -2.46%
1.06% 0.43%
6.55% 5.57%
$450 $395
123 13
3.77% 4.42%
53.5512820512821 16.2

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

DSR Score for property investment : Very 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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