This property is Off Market
With an average age of 40, households expect an average monthly mortgage payment of $2,139 or a weekly rent payment of $448. The average family earns a weekly income of $1,897 with a typical household size of 2.6 and a 86.67% employment rate.
Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Narara due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Narara leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. Lower than average industry presence in Narara we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Narara a better buying opportunity than it may have been in the past.
(Country of Birth not stated 1%)
Narara a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
29 / 100
31 / 100
Industry
11 / 100
22 / 100
Population
10 / 100
19 / 100
House Prices
64 / 100
60 / 100
Jobs
16 / 100
29 / 100
Incidents Trend State Average
Narara Public School
Lisarow, NSW, 2250 State K-6
Valley View Public School
Wyoming, NSW, 2250 State K-6
Glenvale School
Narara, NSW, 2250 State U
Lisarow High School
Lisarow, NSW, 2250 State 7-12
Our Lady of the Rosary Catholic Primary School
Wyoming, NSW, 2250 Independent K-6
St Philip's Christian College - Gosford
Narara, NSW, 2250 Independent K-12
Wyoming Public School
Wyoming, NSW, 2250 State K-6
Narara Valley High School
Narara, NSW, 2250 State 7-12
Niagara Park Public School
Niagara Park, NSW, 2250 State K-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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