Narrabundah is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2604). With a population of 6,455, the suburb has an established demographic with a median age of 40. Households earn a median income of $122K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Narrabundah is $1.4 million, having grown strongly 5.1% over the past year. Units have a median price of $655,000 (+2.3% YoY). The median weekly rent is $440 (Census 2021). This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,392.
Narrabundah is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1061, which is above the national average of 1,000. Public transport access includes 51 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 3,393 incidents per 100,000 population.
From an investment perspective, Narrabundah offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.4M/$1.0M), placing it in the premium segment. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +5.1% year-on-year.
Narrabundah is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2604). With a population of 6,455, the suburb has an established demographic with a median age of 40. Households earn a median income of $122K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Narrabundah is $1.4 million, having grown strongly 5.1% over the past year. Units have a median price of $655,000 (+2.3% YoY). The median weekly rent is $440 (Census 2021). This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,392.
Narrabundah is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1061, which is above the national average of 1,000. Public transport access includes 51 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 3,393 incidents per 100,000 population.
From an investment perspective, Narrabundah offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.4M/$1.0M), placing it in the premium segment. The price-to-income ratio of 11.3x is considered stretched. House prices have moved +5.1% year-on-year.