Naracoorte is a residential suburb in South Australia, sitting within the 5271 postcode. As a regional suburb, the suburb is serviced by 4 schools and benefits from solid transport and amenity access.
Naracoorte has a population of approximately 6,211, a median age of 40, a median weekly household income of $1,531. With 70% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability.
The current median house price in Naracoorte is $411,000. The suburb has delivered strong average annual growth of 8.2% over the past five years, outperforming many comparable markets. In the past 12 months, prices have increased 17.43%.
Properties in Naracoorte spend an average of 55 days on market. Online buyer demand is currently rated as average online demand. Stock on market sits at 0.7%. Inventory levels are at 2.07 months, indicating a balanced market. The average vendor discount is -3.1%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Naracoorte is $395. Gross rental yield is 5%, providing a solid income return. The vacancy rate of 0.11% signals very strong rental demand. Rents have grown 11.27% over the past 12 months.
The broader local government area is forecast to grow from 8,874 to 8,995 residents by 2031 (1.4% growth).
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Naracoorte or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.