NARARA ranks 430th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 9.57% for the past year is lower than average compared to its 80% growth within a five-year period.
Also in NARARA, the median home price is sitting at $630,000, and the average rent at $450, this suggests property owners could potentially earn a 3.71% increase in gross rental yield.
Property investors have seen a 1.61% gain in NARARA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.38% growth over a ten-year period. It ranks 808th on our list of suburbs that property investors should look into.
A steady increase in median property prices over a five-year period in NARARA, 2250 translates to a 46.34% capital gain.
NARARA, 2250 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $480,000.
Augmented property values in NARARA are trailing above the NSW average of 4.18% for the past year.
Real estate investors could earn a rental income of $387.5 based on current median home prices for the suburb.
Home owners selling their properties and realtors in NARARA usually have to wait an average of 24.7 days days before their assets are lifted off the market.
NARARA ranks 227th on the list of best yielding suburbs for rental properties in NSW, posting a 4.2% return.
NARARA, 2250 places 119th in Australia based on median property value growth during the quarter.