Narrabeen suburb profile
Narrabeen is a picturesque coastal suburb located on Sydney's Northern Beaches, approximately 23km north of the CBD. Renowned for its stunning beaches and the serene Narrabeen Lagoon, it offers a perfect blend of natural beauty and relaxed living. The suburb is popular among surfers, families, and outdoor enthusiasts, providing ample opportunities for water sports, fishing, and bushwalking. Narrabeen boasts a friendly community atmosphere, with a range of cafes, shops, and local amenities catering to residents and visitors alike. Its scenic landscapes and laid-back vibe make Narrabeen a sought-after destination for those seeking a coastal lifestyle.
Narrabeen property market performance
Narrabeen's property market has shown stability and growth over the past 12 months. While the median house price has remained steady at $3 million, unit values have increased by 9%, bringing the median unit price to $1.16 million. This indicates a growing demand for units in the area.
Sales activity has been more robust in the unit market, with 53 units sold compared to 11 houses over the past 12 months. Both houses and units are selling relatively quickly, with median days on market at 35 and 32 days, respectively, suggesting strong buyer interest.
The rental market in Narrabeen has seen varied trends, with house rents remaining unchanged, while unit rents have increased by 8.2% over the last 12 months. This reflects a rising demand for rental units in the suburb.
Median price - houses$3MPast 3 months
Median price - units$1.27MPast 3 months
Change in value - houses-9.1%12 months
Change in value - units11.0%12 months
Houses sold12Past 3 months
Units sold41Past 3 months
Median DOM - houses36.5Past 12 months
Median DOM - units30.5Past 12 months
Average rent - houses$858Past 12 months
Average rent - units$775Past 12 months
Change in rent - houses-14.2%Past 12 months
Change in rent - units10.7%Past 12 months
Narrabeen demographics
Narrabeen, located on Sydney's Northern Beaches, is a picturesque suburb known for its stunning coastal views and relaxed lifestyle. With a population of 8,255, it offers a serene environment that attracts families, retirees, and those seeking a peaceful retreat from the hustle and bustle of city life. The median age of 48 indicates a mature community, with many residents enjoying the suburb's natural beauty and outdoor activities, such as surfing, kayaking, and walking along the scenic Narrabeen Lagoon Trail.
Housing in Narrabeen is a mix of ownership and rental properties, with 32.3% of homes owned outright and 25% owned with a mortgage. This reflects a stable community with a significant number of long-term residents. Meanwhile, 42.7% of properties are rented, catering to those who prefer the flexibility of renting while enjoying the coastal lifestyle. The suburb's family composition is diverse, with 32.8% of families being couples with children and 49.8% being couples without children, highlighting its appeal to both families and empty nesters.
The median total household income of $1,780 per week suggests a comfortable standard of living, supported by the suburb's proximity to local amenities, schools, and transport links. Narrabeen's charm lies in its balance of natural beauty and community spirit, making it a desirable location for those seeking a tranquil yet connected lifestyle on Sydney's Northern Beaches.
Narrabeen infrastructure, key developments and investment opportunities
Narrabeen is experiencing several developments that may impact its property market. The Narrabeen Lagoon Trail, an 8.4km loop around the lagoon, has greatly improved accessibility for walkers and cyclists, enhancing the area's recreational appeal. Ongoing coastal erosion management projects aim to protect beachfront properties and maintain Narrabeen's famous surfing beaches.
The Northern Beaches Council is implementing its Narrabeen Lagoon Floodplain Risk Management Study and Plan, which includes infrastructure upgrades to mitigate flood risks. Additionally, the council is working on revitalizing the Narrabeen town center, with plans for improved public spaces and amenities. These initiatives are likely to boost Narrabeen's livability and potentially increase property values in the area.
Narrabeen rental market trends
The rental market in Narrabeen has shown stability, with house rents remaining unchanged at $840 per week over the past year. In contrast, unit rents have experienced an increase of 8.2%, reaching $758 per week. This coastal suburb continues to attract renters with its appealing lifestyle and proximity to beaches, making it a desirable location for both residents and investors.
Suburbs near Narrabeen
Some popular suburbs near Narrabeen include: