Located in New South Wales within the Narrabri local government area, Narrabri is a medium-sized suburb (postcode 2390). It is home to about 7,327 residents, with a settled mid-life population and a median age of 39. Households earn a median income of $83K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.4% 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 professionals, technicians & trades, machinery operators & drivers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Aboriginal Australian.
Narrabri has a median house price of $450,000, which has fallen by 3.2% year-on-year. Units have a median price of $265,000 (+15.2% YoY). The current median weekly rent is $430. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,448.
Narrabri is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 894, which is well below the national average of 1,000. Public transport access includes 114 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Narrabri LGA is moderate at 5,724 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 5.0% (moderate yield). Property prices sit below the state median ($450K/$1.5M), which can point to relative value. The price-to-income ratio of 5.4x is considered affordable. House prices have moved -3.2% year-on-year. Population growth of -0.4% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.