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Narwee, NSW 2209

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 Narwee, NSW 2209 located in Sydney 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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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 “Narwee, NSW 2209”

  1. The total adult population (15 years or older) of Narwee 2209 NSW is 4,499, with a median age of 40. Of those, 49.77% are married, 12.71% are divorced or separated, 32.16% are single and 5.25% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,312. The median monthly mortgage repayment for households in this suburb is $2,166 which is 29.62% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Narwee, postcode 2209, is located in New South Wales and houses an estimated 2455 residences. As we head into the third quarter of 2023, the typical property prices for houses are currently poised at $1,355,334 with a median weekly rent resonating at $726. These figures compute to an indicative yield of 2.79%.

    Narwee presents an IRSAD score, which serves as an index of socio-economic conditions, of 975 out of a possible 1217. This depicts that the suburb is substantially well regarded in terms of access to economic resources, income levels and professional status amongst its residents.

    The renter to owner ratio, often used as an indicator of tenancy stability and property’s capital growth potential, stands at 54%. This is slightly above the national ideal, indicating a community that leans towards renting rather than owning homes, a factor worth considering for potential property investors.

    In terms of property diversity, Narwee carries a units to houses ratio of 36%. This lower proportion suggests a market that isn’t oversaturated with units, often promoting less competition amongst landlords for tenants and ideally leading to more significant rental yields.

    However, a key consideration for potential homebuyers is the Affordability Index, which comes in at 73 years for houses in Narwee. This figure surpasses the assumed standard mortgage period of 30 years, suggesting that it could be more challenging for the average resident to fully own a property.

    With regards to supply metrics, the stock on market Percentage for houses is commendably low, standing at 0.1%. This means the suburb is experiencing a low supply status that generally makes the market more competitive. The inventory level – an indicator of how quickly properties are being absorbed in the market – is hugely favourable at 0.5 months. The Building Approval Ratio for houses, an expression of the rate of property development, surpasses the minimum threshold at 2.28%, hinting at future increased dwellings in the suburb.

    Demonstrating high demand, the days on market (DoM) is a brisk 8 days, suggesting properties in Narwee are shifting off the market quickly. The Vacancy Rate, combining houses and units, is remarkably low at 0.53%, reinforcing the high tenancy demand in this area.

    Lastly, the buy search index for houses indicates consistent demand, sitting at the benchmark of 3. Keeping a watchful eye on these metrics and their trends is key for identifying promising investment opportunities and can provide crucial insights for both property investors and potential homebuyers. Despite some metrics moving into the unfavourable range, the majority showcases a promising real estate profile for Narwee in Q3 of 2023.

    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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