AREA REPORTS

Narrabundah

 

 

ACT/
Narrabundah

Suburb Profile

Narrabundah - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2604

house
unit

Property investors have seen a 2.15% gain in NARRABUNDAH based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on NARRABUNDAH, 2604 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 10.87%.

Based on its average 5-year and quarterly capital gains NARRABUNDAH, 2604 saw average growth in the long term.

The ACT suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $942,375

Profits averaged 8.92% per annum over a 3-year period, due to an upward trend in home prices in NARRABUNDAH, 2604.

This means, real estate investors could earn a rental income of $590 based on current median home prices for the suburb.

The gross rental yield in NARRABUNDAH, 2604 is 3.26%.

An average of 7.5 real estate transactions take place per month in NARRABUNDAH which translates to 90 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $942,375 $438,375
GROWTH REPORT
Median Quarterly 2.15% 0.29%
Median 12 month 10.87% 1.95%
Median 3 years 26.75% 2.66%
Median 5 years 40.55% 4.38%
10 years average annual 4.75% 1.22%
Weekly media advert. rent $590 $460
Time on Market 37.5 days 93.1 days
Gross Rental Yield Percent 3.26% 5.46%
demographics (median values)
Total Population
5529
Weekly Household Income
1304
Household Size
2.30
demographics
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