Narwee is a mid-sized suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2209). With a population of 5,411, the suburb has an established demographic with a median age of 40. Households earn a median income of $74K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Chinese, English, Australian.
The median house price in Narwee is $610,000, having dropped significantly 62.7% over the past year. Units have a median price of $770,000. The current median weekly rent is $680. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $2,166.
Narwee is served by 1 school, including 1 primary. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 2 rail stations, 24 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Narwee offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($610K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -62.7% year-on-year.
Narwee is a mid-sized suburb in New South Wales within the Canterbury-Bankstown local government area (postcode 2209). With a population of 5,411, the suburb has an established demographic with a median age of 40. Households earn a median income of $74K per year, with an average household size of 2.7 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Chinese, English, Australian.
The median house price in Narwee is $610,000, having dropped significantly 62.7% over the past year. Units have a median price of $770,000. The current median weekly rent is $680. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $2,166.
Narwee is served by 1 school, including 1 primary. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 2 rail stations, 24 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,349 incidents per 100,000 population.
From an investment perspective, Narwee offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($610K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.2x is considered moderate. House prices have moved -62.7% year-on-year.