Over the last year, property investments in Narrabri, 2390 have given investors a capital gain of -0.78%. This compares favourably with the -4.21% for NSW as a whole.
Narrabri,2390 has offered an average of -0.78% return per annum in house price rises to property investors over the last three years.
At number 403th of NSW’s most discounted properties, Narrabri is in the middle of the state/territory when listing in order of most discounted to least.
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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.