Narromine is a smaller suburb in New South Wales within the Narromine local government area (postcode 2821). With a population of 4,608, the suburb has an established demographic with a median age of 39. Households earn a median income of $68K per year, with an average household size of 2.5 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Narromine is $600,000, having surged 48.5% over the past year. Units have a median price of $318,000 (+5% YoY). The current median weekly rent is $320. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,213.
Narromine is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 890, which is well below the national average of 1,000. Public transport access includes 5 rail stations, 174 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Narromine LGA is moderate at 5,846 incidents per 100,000 population.
From an investment perspective, Narromine offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($600K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +48.5% year-on-year.
Narromine is a smaller suburb in New South Wales within the Narromine local government area (postcode 2821). With a population of 4,608, the suburb has an established demographic with a median age of 39. Households earn a median income of $68K per year, with an average household size of 2.5 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Aboriginal Australian.
The median house price in Narromine is $600,000, having surged 48.5% over the past year. Units have a median price of $318,000 (+5% YoY). The current median weekly rent is $320. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $1,213.
Narromine is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 890, which is well below the national average of 1,000. Public transport access includes 5 rail stations, 174 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Narromine LGA is moderate at 5,846 incidents per 100,000 population.
From an investment perspective, Narromine offers a gross rental yield of 2.8%, rated as low yield. Property prices sit below the state median ($600K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +48.5% year-on-year.