Narrandera is a residential suburb in New South Wales, sitting within the 2700 postcode. As a regional suburb, the suburb is serviced by 4 schools and benefits from solid transport and amenity access.
Narrandera has a population of approximately 4,369, a median age of 44, a median weekly household income of $1,241. With 69% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability. Across the broader LGA, 20.5% of residents hold a university qualification.
Key employment industries in the broader local government area include Agriculture, Forestry and Fishing (17.7%), Health Care and Social Assistance (12.3%), Manufacturing (11.1%).
The current median house price in Narrandera is $385,000. The suburb has delivered strong average annual growth of 15.8% over the past five years, outperforming many comparable markets. In the past 12 months, prices have increased 19.57%.
Properties in Narrandera spend an average of 56 days on market. Online buyer demand is currently rated as average online demand. Stock on market sits at 0.74%. With inventory levels at just 1.68 months, supply is tight relative to demand. The average vendor discount is -5.9%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Narrandera is $420. Gross rental yield sits at 5.67%, which is above average and attractive for cashflow-oriented investors. Vacancy rate is 1.3%, reflecting healthy rental demand. Rents have grown 10.53% over the past 12 months.
The broader local government area is forecast to grow from 5,450 to 5,100 residents by 2031 (-6.4% growth).
Explore other suburb profiles in the area: Deniliquin, NSW, Tocumwal, NSW.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Narrandera 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.