Located in New South Wales within the Narrandera local government area, Narrandera is a smaller suburb (postcode 2700). With a population of 4,369, the suburb has a settled mid-life population with a median age of 44. Households earn a median income of $58K per year, with an average household size of 2.3 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 labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Narrandera is $412,000, having climbed sharply by 28% over the past year. Units have a median price of $315,000 (+31.3% YoY). The current median weekly rent is $350. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,083.
Narrandera is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 904, which is below the national average of 1,000. Public transport access includes 1 rail station, 108 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Narrandera LGA is moderate at 6,588 incidents per 100,000 population.
On the investment side, Narrandera shows a gross rental yield of approximately 4.4%, rated as moderate yield. Property prices sit below the state median ($412K/$1.5M), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +28.0% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.