Narrawa is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2583). With a population of 112, the suburb has a mature demographic with a median age of 53. Households earn a median income of $113K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Narrawa is $695,000, having surged 73.8% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $306.
Public transport access includes 5 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Narrawa offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($695K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +73.8% year-on-year.
Narrawa is a quiet locality in New South Wales within the Upper Lachlan Shire local government area (postcode 2583). With a population of 112, the suburb has a mature demographic with a median age of 53. Households earn a median income of $113K per year, with an average household size of 2.5 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Narrawa is $695,000, having surged 73.8% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $306.
Public transport access includes 5 bus stops. The crime rate in the Upper Lachlan Shire LGA is low at 1,562 incidents per 100,000 population.
From an investment perspective, Narrawa offers a gross rental yield of 3.4%, rated as moderate yield. Property prices sit below the state median ($695K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +73.8% year-on-year.