Narwee

POSTAL CODE: NSW, 2209

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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 5.87% for the past year.

Investors saw the median home price rise to $1,633,500.

Profits due to an upward trend in home prices in the suburb averaged 7% per annum over a 3-year period.

NARWEE now ranks at the 312th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $760 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 37.2 days.

In 2016, 42 properties were sold in NARWEE during the past year, making it the 500th most active market in NSW based on total real estate transactions.

NARWEE ranks 149th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

NARWEE, 2209 has a capital gain of 43.93% for the past year, which is higher than average compared to its 28.33% growth within a five-year period.

NARWEE, 2209 ranks 13th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 43.93% for property investors last year.

With the median home price in NARWEE sitting at $770,000, and the average rent at $580, property owners could potentially earn a 3.92% increase in gross rental yield.

Property investors have seen a -4.94% drop in NARWEE based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on NARWEE, 2209 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 43.93%.

A survey of average capital gains or median home price increase in suburbs across the country shows that NARWEE, 2209 obtained a 4.41% growth over a ten-year period. It ranks 1040th on our list of suburbs that property investors should look into.

Surburb overview

Narwee lies approximately 18 kilometres south‑west of the Sydney central business district, on the border between the City of Canterbury‑Bankstown and Georges River Council areas in the St George region.

At the 2021 Census, the suburb recorded a population of 5,411 residents across about 1,948 occupied dwellings, with an average household size of around 2.6 persons and a median age of 40 years.

Cultural diversity featured strongly, with the most identified ancestries being Chinese (33.0 %), English (12.1 %), Australian (11.4 %), Lebanese (5.7 %) and Greek (5.6 %). Language use reflected multilingual households, with only 34.3 % speaking only English at home; Cantonese featured in around 14.4 %, Mandarin in 12.8 %, Arabic in 6.2 % and Greek in 4.6 % of homes.

Approximately 8.0 % of employed residents used public transport on census day, while around 40.2 % travelled as a car driver or passenger.

Narwee railway station lies on the East Hills (T8 Airport & South) line about 15.8 km from Central Station, and handled roughly 2,317 entries and exits per day in 2023. Bus connections include U‑Go Mobility routes 940, 941 and 944 linking Narwee to Hurstville, Bankstown and Mortdale, along with NightRide N20 service.

King Georges Road serves as Narwee’s central retail spine, especially along Broad Arrow Road adjacent to the train station, offering small shops, cafes, restaurants and a post office.

Narwee Public School remains the only school within the suburb, following the closure of Narwee High School in 2001 and its redevelopment into housing.

Essential services, including medical clinics, allied health providers and pharmacies, lie nearby in Beverley Hills and Riverwood within a short travel radius.

Parks such as Watson Reserve and Hannans Park, together with adjacent green corridors along the local creek, offer residents walking tracks and playgrounds. Local recreation draws on nearby Riverwood facilities, including sports centres, green open space and easy access to Riverwood Library and community halls.

The suburb benefits from a compact, mixed‑density residential layout serviced by its station, diverse population and modest retail amenity.

Property data for postcode 2209 indicates roughly 0.9 per cent of registered vehicles in the area were electric as of January 2024, reflecting a cautious uptake of EV technology.

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