Narromine (postcode 2821) is a compact suburb in New South Wales within the Narromine local government area. With a population of 4,608, the suburb has an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.2% 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 managers, technicians & trades, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Aboriginal Australian.
Median house prices in Narromine stand at $487,000, having surged by 20.6% over the last twelve months. Units have a median price of $180,000. The current median weekly rent is $350. This gives a gross rental yield of approximately 3.7%. 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 5,836 incidents per 100,000 population.
On the investment side, Narromine shows a gross rental yield of approximately 3.7%, rated as moderate yield. Property prices sit below the state median ($487K/$1.5M), which can point to relative value. The price-to-income ratio of 7.2x is considered moderate. House prices have moved +20.6% year-on-year. Population growth of -0.2% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.