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Narrawallee, NSW 2539

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Narrawallee, NSW 2539 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Narrawallee, NSW 2539”

  1. The total adult population (15 years or older) of Narrawallee 2539 NSW is 1,244, with a median age of 50. Of those, 54.02% are married, 11.58% are divorced or separated, 27.33% are single and 6.91% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,344. The median monthly mortgage repayment for households in this suburb is $1,733 which is 27.32% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban enclave of Narrawallee 2539, nestled in NSW, is primarily a residential area with about 1162 households. Based on the Q3 2023 property market data, the typical price for houses in Narrawallee 2539 stands at a significant $1,075,219, while the median weekly rent is set at $652.

    This pricing scenario offers an indicative yield of 3.15%, which is just at the attractive threshold for cashflow-centered property investors. The IRSAD score in Narrawallee is at 976 out of 1217, within a higher range, suggesting a fairly favourable socio-economic condition with decent access to economic resources. The suburb has a well-balanced renter to owner ratio of 17%, implying less competition amongst property investors and a favourable market with more homeowners ensuring a harmonious community vibe.

    The suburb interestingly has a unit to houses ratio of 0%, indicating no proliferation of units. This suggests lesser competition among landlords for tenants leading to higher yields and more stable, longer tenancies offered by family renters. However, the houses’ affordability index is quite high, at 66 years, indicating decreased affordability and a lengthy period needed to own a property outright, which might impact investing sentiment adversely.

    In terms of supply metrics, the suburb shows a promising scenario with a stock on market Percentage of only 0.17%, suggesting a low supply that favours higher property prices. The inventory level averages to about 0.83 months, which is indicative of a tight market as properties are quickly getting snapped up. The building approvals ratio is a low 0.6%, showing limited supply due to lesser new developments. However, be mindful of the somewhat long Days on Market, 159 days to be precise, hinting at a lower demand.

    The combined vacancy rate for both houses and units in the area is 2.03%, representing a balanced condition between demand and supply. Lastly, the buy search index for houses stands at 5, indicating search activity on par with the state/city average. This suggests a relatively steady interest and demand among potential buyers towards properties within this locale.

    While there are a few challenging metrics such as the high affordability index and longer days on market, the majority of other metrics, including the favourable IRSAD score and well-balanced renter to owner ratio, are quite promising. Nonetheless, investors would benefit from using the RCS metric developed by HtAG Analytics for an automated, detailed analysis considering over 80 metrics to paint a comprehensive picture of the property market trends in Narrawallee 2539.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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