Narellan

POSTAL CODE: NSW, 2567

HOUSE

UNIT

NARELLAN, 2567 delivered a weaker 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 NARELLAN, 2567 values up and netting property investors a capital gain of 5.56% for the past year.

Investors saw the median home price rise to $1,045,000.

Profits due to an upward trend in home prices in the suburb averaged 6.25% per annum over a 3-year period.

NARELLAN now ranks at the 557th 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 NARELLAN 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 $650 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 NARELLAN, homes and units usually stay on listing for an average of 32.3 days.

In 2016, 55 properties were sold in NARELLAN during the past year, making it the 327th most active market in NSW based on total real estate transactions.

NARELLAN ranks 361st in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

NARELLAN, 2567 has a capital gain of 1.31% for the past year, which is lower than average compared to its 31.19% growth within a five-year period.

With the median home price in NARELLAN sitting at $773,500, and the average rent at $610, property owners could potentially earn a 4.1% increase in gross rental yield.

Property investors have seen a 0.85% gain in NARELLAN 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 NARELLAN, 2567 obtained a 5.63% growth over a ten-year period. It ranks 797th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,045,000	$773,500
Growth Report
Median Quarterly	2.45%	0.85%
Median 12 month	5.56%	1.31%
Median 3 years	18.75%	13.92%
Median 5 years	49.82%	31.19%
10 years average annual	5.93%	5.63%
Weekly media advert. rent	$650	$610
Time on Market	32.3 days	42.7 days
Gross Rental Yield Percent	3.23%	4.1%

Demographics (Median Values)*

Total Population 38500

Weekly Household Income 2091

Household Size 3.20

Average Age 33

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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