Narromine Shire Council
New South Wales
Good to Know
Narromine Shire Council is an affordable house market in the Narromine Shire Council area, currently positioned as a balanced cashflow and growth market. Home to roughly 6,360 adults across 3,725 dwellings, the local vacancy rate is 1.34%.
According to HtAG Analytics, Narromine Shire Council is exhibiting constrained listing supply alongside strong capital‑led price gains. Stock on Market sits at 0.18% and Inventory at 2.88 months — just under the ~3-month balanced-market threshold — driving +20.3% YoY price growth and +4.4% YoY rent growth.
What the market data is signalling
The combination of a very low Stock on Market (0.18%) and a near‑balanced Inventory (2.88 months), alongside strong +20.3% annual price growth that outpaces rent growth of +4.4%, points to a market currently driven more by capital appreciation than by rental re‑pricing. Median weekly rent is $399 with an indicative gross yield of 4.16%, which supports cashflow at current rent levels, but the relatively long average 103 days on market shows listing velocity is slow.
Monitor short‑term momentum on the Markets in the Moment (MiM™) heatmap.
Who lives in Narromine Shire Council — and why it matters for investors
The LGA sits at an IRSAD decile of 4, indicating below‑median socioeconomic status; combined with a Renter/Owner ratio of 24% (neutral), this suggests modest rental churn and constrained discretionary income for tenants, which can mute rent volatility but also limit long‑run consumer‑driven growth. The housing stock is dominated by houses—Units/Houses ratio 1%—reducing unit competition and simplifying yield expectations.
See the IRSAD Crossover study for how income bands affect long‑run property performance.
Why Narromine Shire Council is a screening layer, not a final answer
Council‑level averages hide local pockets. Narromine Shire Council's headline figures — a typical house price of $499,259, median weekly rent of $399, an indicative gross yield of 4.16%, a very low Stock on Market of 0.18%, Inventory at 2.88 months and average 103 days on market — describe the LGA overall but will mask suburb‑by‑suburb differences in amenity, supply pipeline and tenant demand. Affordability sits at 26 years, under the stretched threshold.
For details on why council averages can mislead, read LGA vs Suburb research.
What's behind the RCS™ score of 44
The HtAG RCS™ score of 44 bundles three independent dimensions — risk minimisation, capital‑growth potential and cashflow resilience — into one composite. A mid‑range score reflects trade‑offs in the local profile: strong recent capital gains (price growth +20.3%) lift the growth component, while factors such as IRSAD decile 4 and slower listing velocity temper the risk and cashflow ratings. Investors should inspect the separate sub‑scores to align outcomes with their strategy (income vs growth).
Read how the RCS™ is constructed: how the RCS™ is built. To explore the LGA interactively, open Narromine Shire Council in HtAG Copilot.
Forward signals to watch
The vacancy rate — currently 1.34%: this balanced reading (1–3.5%) implies limited downside risk to rents in the near term; a sustained dip below 1% would push rents up, while a rise above 3.5% would signal weakening rental demand.
The building approvals ratio — currently 0.31%: a low‑to‑neutral pipeline of new supply, suggesting new construction is unlikely to flood the local market immediately but should be monitored for any acceleration above the neutral band.
The Sydney cycle phase: if Sydney moves into a sustained downturn or upswing, regional markets like Narromine Shire Council often follow with a lag — a city‑wide slowdown would likely moderate local price momentum, while a renewed city upswing can boost regional demand and capital flows.
Does this area meet your investment goals?
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RCS Breakdown
Narromine Shire Council's RCS™ headline is an overall signal — but it doesn't tell you why. The three sub-scores below reveal whether that score is earned through risk minimisation, capital growth, or cashflow — and which portfolio brief it fits.
starter
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Critical to know
Market Trends
Narromine Shire Council's headline values — $499K to buy and $399PW to rent, a 4.15% gross yield. Over the past decade, prices have moved 125.78% and rents 44.09% — the Yield series shows whether that gap is widening (price outpacing rent, yield compressing) or closing.
$499K is today. The 10-year trajectory reveals whether that's the top of a run, the start of a new leg, or somewhere mid-cycle. Sign up to unlock the entire trend line.
$399PW today, with rent growth at (+4.42% YoY) compared to price growth (+20.3%). That spread determines yield is expanding or compressing across the next cycle. Sign up to unlock the entire trend line.
Where is Narromine Shire Council in its cycle - and is the 4.15% yield holding?
Cycle phase tells you whether you're buying near the bottom (room to run) or top (compression ahead). Yield trajectory tells you whether cashflow is durable or being eroded — the single most important question for a long-hold thesis.
Cycle Phase
Cycle Position
Yield Trajectory
Rent vs Price Spread
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Area Risks
Property data alone won't flag the structural risks that can erode a long-hold position. Bushfire overlays, flood-zone exposure, and economic concentration sit outside the price feed but determine whether your capital is insurable, defensible, and structurally protected. Unlock to see.
Are there hidden structural risks shaping Narromine Shire Council's long-hold story?
Beyond the headline price, Narromine Shire Council carries risk signals a median can't show — hazard exposure from bushfire and flood overlays, and how narrowly local employment leans on a handful of sectors (the concentration the EDI score quantifies). Together these separate insurable, defensible long-holds from those carrying tail-risk that never surfaces in the headline number.
MADI Risk
EDI Risk
Bushfire
Flood
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Critical to know
Supply & Demand
Narromine Shire Council's headline numbers show where the market is today. The two cards below answer where it's heading. Direction is what separates a buy from a wait.
Is housing supply tightening or building up?
Stock on Market is one number — the trend is what matters. SoM, inventory, building approvals and hold period together reveal whether the market is starving for stock (price pressure up) or quietly building a pipeline (pressure down).
Stock on Market
Inventory
Building Approvals
Hold Period
Is buyer and renter demand heating up or cooling off?
Vacancy is one signal — the real question is whether demand is still building or quietly peaking. Days on market, vacancy, search index and clearance rate are the four pulse-points — when they diverge, they signal a turning point.
Days on Market
Vacancy Rate
Search Index
Clearance Rate
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Critical to know
Fundamentals
Narromine Shire Council can look solid on the surface — but the three layers below separate markets that genuinely hold value from ones that only look like they do.
Is Narromine Shire Council genuinely stable - or just expensive?
IRSAD hints at affluence, but socio-economic strength alone doesn't guarantee resilience. Combined with the renter-to-owner balance and unit-to-house ratio, you get the three signals that separate a tightly-held submarket from one carrying hidden volatility.
IRSAD
Renter to Owner
Units to Houses
Where do Narromine Shire Council prices go over the next 12 months?
Today's headline price is just a snapshot. Projected ROI and the volatility index tell you whether to commit capital now, wait for a softer entry, or rotate into a steadie submarket.
Projected Annual ROI
Volatility Index
Can you actually buy into Narromine Shire Council - and exit cleanly?
Tightly-held areas reward long-hold investors but punish anyone who needs liquidity. Annual sales and rental volume reveal whether your capital can reposition — or sits structurally locked in.
Annual Sales Volume
Annual Rental Volume
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Important to know
Education & Infrastructure
Narromine Shire Council looks tightly-held and stable on the surface — but the three layers below separate areas that genuinely hold value from ones that only look like they do.
Does Narromine Shire Council's school catchment + infrastructure pipeline justify the price?
School ranks anchor family demand and tenant quality. The active infrastructure pipeline shifts a suburb's price ceiling over the next 5–10 years. Together they tell you whether Narromine Shire Council has structural support for the next leg of capital growth.
School Rank
Hospitals & Employment
Infrastructure Spend
Transport Projects
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Full HtAG Intelligence
Narromine Shire Council shows potential. The platform tells you whether it's the best fit for your portfolio.
Price and yield are only the surface. HtAG reads the forces underneath — supply tightening or loosening, demand heating or cooling, and the risks that move slowly but decide long-term growth. Together they show whether Narromine Shire Council has the structural support for its next leg — or whether the numbers are running ahead of the fundamentals.