Narrabundah

Narrabundah is a suburb with a steadily growing population over the years. It has a diverse age range, with significant proportions of residents falling in the age groups of 5-19 years and 45-64 years. The median household income is relatively high, housing a mix of occupation types predominantly including managers, professionals, and technicians and trade workers. Most residents commute by motor vehicle, while a notable portion also works from home. For houses, Narrabundah presents a high median sale price but also a high rental price indicating a potentially high rental yield. The suburb shows a good median growth rate and a low vacancy rate. With a substantial proportion of rented properties, there is a solid demand for rental accommodation. For units, the median price falls within an affordable range for investment. Narrabundah's unit market demonstrates a moderate rental yield percentage with a lower vacancy rate. Both property types indicate a stable market absorption rate. Narrabundah offers a comfortable and high-income lifestyle, attracting a mix of professionals and families. The suburb's property market presents opportunities for both homeowners and investors, with houses providing good rental potential and units offering affordability and stable returns. The strong demand for rental properties further cements Narrabundah as a promising location for property investment. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022