With a capital gain of 15.63% for the last 12 months, Narrabri, 2390 has performed for property investments than its average annual 3.60% property growth over the last 5 years.
Comparing Narrabri,2390 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Narrabri 2390 should be seeing an average reduction in asking price of around -6.24% . This means that Narrabri is holding prices well when compared to other suburbs in NSW.
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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.