Located in New South Wales within the Camden local government area, Narellan is a smaller residential area (postcode 2567). It is home to about 3,358 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $89K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, clerical & administrative. Employment in the area leans toward construction and retail trade. The top ancestries reported are Australian, English, Irish.
Narellan has a median house price of $1.0 million, which has increased by 4.5% year-on-year. Units have a median price of $767,000 (+4.3% YoY). The current median weekly rent is $695. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,037.
Narellan is served by 3 schools, including 1 primary, 1 secondary, 1 special. The average ICSEA score is 1000, which is around the national average of 1,000. Public transport access includes 1 rail station, 30 bus stops. The crime rate in the Camden LGA is low at 1,786 incidents per 100,000 population.
On the investment side, Narellan shows a gross rental yield of approximately 3.5%, rated as moderate yield. Property prices sit below the state median ($1.0M/$1.5M), which can point to relative value. The price-to-income ratio of 11.7x is considered stretched. House prices have moved +4.5% year-on-year. Population growth of +3.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.