Property investors who have had real estate in Narrabri, 2390 should be ok 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 2.33%
A 8.64% growth in median value for property investors in Narrabri,2390 puts this suburb at number 641th in terms of best performing suburbs in NSW
Narrabri, 2390 is offering NSW ‘s 14th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.67%, without taking into account capital value appreciation, which has been averaging out at 3.31%.
Information supplied by:
Narrabri, NSW – Catch a shooting star
Median house price: $315,000
Three-year growth: -2%
Rental yield: 6%
Nicknamed the ‘heart of the northwest’, Narrabri is tucked into the Namoi Valley. The CSIRO Australia Telescope is located in this suburb, along with the Crossing Theatre and many restaurants.
Natural attractions in the area include the increasingly popular Dripping Rock waterfall, the Sawn Rocks rock formation, and the Old Gaol Heritage Museum. Mount Kaputar National Park is just an hour’s drive from the suburb and provides a panoramic view of a large area of NSW from its summit. Narrabri Lake was once swampland but has since been developed into a recreational area with a playground.