Narrabundah, ACT 2604: Suburb Profile & Property Report

Market Report

House report
Unit Report

Narrabundah has 51 houses available for sale. The median property price for a house is currently $1,260,000 with annual capital growth of 1.69% . There were 68 house sales in the past 12 months. On average, houses spend 46 days on market.

If you're thinking about buying an investment property in Narrabundah, consider that rental yields for houses are currently 2.95% with an average median rent of $665 weekly. Houses have seen -1.18% growth in the past quarter, and 1.69% growth in the past 12 months.

The size of Narrabundah is approximately 4.1 square kilometres. It has 14 parks covering nearly 25.7% of total area. The population of Narrabundah in 2011 was 5,669 people. By 2016 the population was 5,933 showing a population growth of 4.7% in the area during that time. The predominant age group in Narrabundah is 50-59 years.

Households in Narrabundah are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narrabundah work in a professional occupation. In 2011, 54.2% of the homes in Narrabundah were owner-occupied compared with 54.9% in 2016.

Narrabundah has 52 units available for sale. The median property price for a unit is currently $625,000 with annual capital growth of -7.41% . There were 56 unit sales in the past 12 months. On average, units spend 63 days on market.

If you're thinking about buying an investment property in Narrabundah, consider that rental yields for units are currently 4.93% with an average median rent of $600 weekly. Units have seen 0.00% growth in the past quarter, and -7.41% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,260,000	$625,000
Quarterly growth	-1.18%	0.00%
12-month growth	+1.69%	-7.41%
Average annual growth	+7.35%	+7.70%
Weekly median rent	$665	$600
Gross rental yield	2.95%	4.93%
Number of Sales (12m)	68	56
Avg. Days on Market (12m)	46	63

Jump to Market Trends

Key Demographics	2011	2016
Total population	5,669	5,933
Population change (5y)	+2.59%	+4.70%
Median household income (p/w)	$1,871	$2,012
Household income change (5y)	+37.07%	+7.54%
Median age of persons	38	41

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Narrabundah is $1,260,000 for houses and $625,000 for units.

The Median Growth in Narrabundah over the past 12 months is 1.69% for houses and -7.41% for units.

Over the past 12 months there were 68 houses sold and 56 units sold in Narrabundah. On average, houses spent 46 days on market and units spent 63 days on market.

In the past 12 months up to August 2024 there were 68 houses sold and 56 units sold in Narrabundah. On average, houses spent 46 days on market and units spent 63 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Narrabundah is $665 for houses and $600 for units.

The Rental Yield in Narrabundah is 2.95% for houses and 4.93% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Narrabundah was 5,933 in 2016, a +4.70% change compared to 2011.

The predominant age group in Narrabundah is 50-59 years.

The population of Narrabundah was 5,933 in 2016, a +4.70% change compared to 2011.

The predominant age group in Narrabundah is 40-49 years.

Most of the population in Narrabundah were born in Australia.

Most of the population in Narrabundah report their religion as No Religion.

Most of the population in Narrabundah report their income range as $182,000 .

The median household income in Narrabundah was $2,012 in 2016, a +7.54% change compared to 2011.

Most of the population in Narrabundah report their income range as between $130,000 and $182,000 .

The median household income in Narrabundah was $1,871 in 2011, a +37.07% change compared to 2006.

Most of the population in Narrabundah work as Professional.

The chart below demonstrates the various levels of education in Narrabundah.

Most of the population in Narrabundah reached a qualification level of Bachelor.

2011 2016

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