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Narraweena
AREA REPORTS

Narraweena

Narraweena - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2099

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A steady increase in median property prices over a five-year period in the suburb translates to a 25.12% capital gain.

It 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 $1,905,000

The augmented property values in the suburb are trailing above the territorial average of 14.76% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $780.

Home owners selling their properties and realtors in NARRAWEENA usually have to wait an average of 30.0 days days before their assets are lifted off the market.

The NSW suburb ranks 976th on the list of best yielding suburbs for rental properties in NSW, posting a 2.13% return.

It also places places 186th in Australia based on median property value growth during the quarter.

Data report can be found below

Narraweena
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,905,000 N/A
GROWTH REPORT
Median Quarterly 11.73% N/A
Median 12 month 26.58% N/A
Median 3 years 25.12% N/A
Median 5 years 39.05% N/A
10 years average annual 9.44% N/A
Weekly media advert. rent $780 N/A
Time on Market 30.0 days N/A
Gross Rental Yield Percent 2.13% N/A
demographics (median values)*
Total Population
39925
Weekly Household Income
1805
Household Size
2.60
Age
38
Monthly Loan Repayment
2400
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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