Suburb Profile Report for Narrandera NSW (2700)

Narrandera House: Median price $177,500, Annual capital growth 1.66%, Number of sales 87, Weekly median advertised rent $240

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

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

  • House Report

Narrandera is in the bottom 20% in NSW when comparing median price capital growth over the last year. Narrandera gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.97%.

The five-year average increase in median property values for Narrandera,2700 has given property investors a potential capital gain of 10.94% across each of those five years.

The most recent median price for Narrandera is $177500, with sellers offering an average of -7.48% off the asking price.

In the last year 87 properties changed hands in Narrandera, which puts it as the 286th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $240 and the average annual increase in value of a median property of 1.66%, investors should hope to achieve an overall return of 7.03%

Metrics i HOUSE UNIT
$177,500 N/A
-5.84% N/A
-8.97% N/A
1.66% N/A
$240 N/A
87 N/A
7.03% N/A
130.304347826087 N/A

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

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 4470
Median household income ($/weekly) 804
Median age of persons 42
Median housing loan repayment ($/monthly) 1079
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 603 13.5
    35-44 years 480 10.7
    45-54 years 612 13.7
    55-64 years 568 12.7
    65-74 years 451 10.1
    Others 1756 39.3
    Age Group
    Census Count Percent(%)
    Registered Married 1419 47.3
    Not Married 1338 44.6
    Defacto Relationship 246 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3867 95.2
    Papua New Guinea 15 0.4
    Philippines 14 0.3
    United Kingdom 64 1.6
    Other 29 0.7
    Others 74 1.8
    Country of Birth
    Census Count Percent(%)
    Christianity 3388 83.8
    No Religion 618 15.3
    Other Religious Groups 16 0.4
    Buddhism 14 0.3
    Islam 6 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 178 12.0
    $400-$599 241 16.2
    $600-$799 203 13.7
    $800-$999 176 11.8
    $1,500-$1,999 152 10.2
    Others 537 36.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1395 43.3
    Employed, worked full-time 1036 32.2
    Employed, worked part-time 550 17.1
    Employed, away from work 137 4.3
    Unemployed, looking for work 104 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 185 10.8
    Professionals 212 12.3
    Technicians & trades workers 279 16.2
    Community & personal service workers 196 11.4
    Labourers 340 19.8
    Others 507 29.5
    Occupation
    Census Count Percent(%)
    Pre-school 102 11.0
    Infants/Primary 348 37.4
    Secondary 299 32.1
    Technical or Further Educational Institution 116 12.5
    University or other Tertiary Institutions 48 5.2
    Others 18 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3810 95.9
    Flat, unit or apartment 113 2.8
    Semi-detached, row or terrace house, townhouse 36 0.9
    Caravan, cabin, houseboat 13 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 635 39.1
    Being purchased 525 32.3
    Rented 451 27.8
    Other tenure type 12 0.7
    Tenure Type
Census 2011, ABS
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