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Narwee
AREA REPORTS

Narwee

Narwee - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2209

house
unit

NARWEE, 2209 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling NARWEE, 2209 values up and netting property investors a capital gain of 10.56% for the past year.

Investors saw the median home price rise to $1,089,000.

Profits due to an upward trend in home prices in the suburb averaged 1.19% per annum over a 3-year period.

NARWEE now ranks at the 124th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $585 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NARWEE, homes and units usually stay on listing for an average of 67.4 days.

In 2016, 28 properties were sold in NARWEE during the past year, making it the 737th most active market in NSW based on total real estate transactions.

Data report can be found below

Narwee
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,089,000 $625,000
GROWTH REPORT
Median Quarterly 7.4% 2.54%
Median 12 month 10.56% 9.17%
Median 3 years 3.57% -3.85%
Median 5 years 0.46% 3.73%
10 years average annual 6.48% 4.82%
Weekly media advert. rent $585 $392.5
Time on Market 67.4 days 69.7 days
Gross Rental Yield Percent 2.79% 3.27%
demographics (median values)*
Total Population
15769
Weekly Household Income
1458
Household Size
2.90
Age
39
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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