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Narwee

Suburb Profile

Narwee - FREE 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.

Investors saw the median home price rise to $990,000.

Profits due to an downward trend in home prices in the suburb averaged -1.9% per annum over a 3-year period.

NARWEE now ranks at the 262nd 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 $582.5 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 101.4 days.

In 2016, 34 properties were sold in NARWEE during the past year, making it the 587th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $990,000 $572,500
GROWTH REPORT
Median Quarterly 4.54% 13.93%
Median 12 month 0% -2.97%
Median 3 years -5.71% -9.49%
Median 5 years 7.32% 7.16%
10 years average annual 6.59% 7.72%
Weekly media advert. rent $582.5 $420
Time on Market 101.4 days 61.8 days
Gross Rental Yield Percent 3.06% 3.81%
demographics (median values)
Total Population
5018
Weekly Household Income
848
Household Size
2.60
demographics
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