Narrabeen

POSTAL CODE: NSW, 2101
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Property investors enjoyed capital gains of 41.67% over the last 12 months in NARRABEEN, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in NARRABEEN are high, as opposed to average gains per annum over the past five years.

The suburb posted a 48.29% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $877.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $877.5 mark, reflecting a 1.07% increase in returns based on the current median price in NARRABEEN.

NARRABEEN, 2101 ranks 6th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 784th on the list of best yielding suburbs for rental properties in NSW, posting a 1.07% return.

Surburb overview

Narrabeen, located 23 kilometres northeast of Sydney's central business district, is a coastal suburb within the Northern Beaches Council area.

As of the 2021 Census, Narrabeen had a population of 8,255 residents. The median age was 48, indicating a mature demographic. Approximately 71% of residents were born in Australia, with notable communities from England, Brazil, and New Zealand. English was the predominant language spoken at home, and the most common religious affiliations were No Religion, Catholic, and Anglican.

Public transportation is the B-Line bus route, which offers direct connections to Wynyard Station in the Sydney Central Business District (CBD). The journey takes approximately 48 minutes, with services departing every five minutes.

Essential establishments in the area include Narrabeen Sports High School, Narrabeen Lakes Public School, and St. Joseph's Catholic Primary School. The suburb also hosts the Sydney Academy of Sport and Recreation, offering facilities for various sports and accommodating up to 151 guests.

Dining options in Narrabeen are diverse, featuring establishments such as Limani Seafood Restaurant, Lakeside Thai Cuisine, and Sushi Izakaya NARA.

Recreational activities are abundant, with Narrabeen Beach stretching over three kilometres and being popular for surfing and swimming. The Narrabeen Lagoon Trail, an 8.6-kilometre path, encircles the lagoon, providing opportunities for walking and cycling. Berry Reserve, located along the lagoon's foreshore, offers open spaces and hosts a market day on the third Sunday of each month.

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