Narrandera is a smaller suburb in New South Wales within the Narrandera local government area (postcode 2700). With a population of 4,369, the suburb has an established demographic with a median age of 44. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Narrandera is $524,000, having surged 57.6% over the past year. Units have a median price of $850,000 (+146.4% YoY). The current median weekly rent is $360. This gives a gross rental yield of approximately 3.6%. 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 6,594 incidents per 100,000 population.
From an investment perspective, Narrandera offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($524K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +57.6% year-on-year.
Narrandera is a smaller suburb in New South Wales within the Narrandera local government area (postcode 2700). With a population of 4,369, the suburb has an established demographic with a median age of 44. Households earn a median income of $58K per year, with an average household size of 2.3 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Narrandera is $524,000, having surged 57.6% over the past year. Units have a median price of $850,000 (+146.4% YoY). The current median weekly rent is $360. This gives a gross rental yield of approximately 3.6%. 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 6,594 incidents per 100,000 population.
From an investment perspective, Narrandera offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($524K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +57.6% year-on-year.