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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:

Common questions about Narrabeen

  • Is Narrabeen a nice place to live?

    Narrabeen is a delightful suburb that offers a wonderful blend of coastal charm and community spirit, making it a fantastic place to live. Nestled on Sydney's Northern Beaches, it provides a serene and picturesque environment that is perfect for families and individuals seeking a peaceful lifestyle. The suburb is known for its vibrant community atmosphere, where residents enjoy a relaxed pace of life amidst stunning natural surroundings. With its beautiful beaches and the tranquil Narrabeen Lagoon, the suburb is a haven for outdoor enthusiasts and those who appreciate the beauty of nature.

    Living in Narrabeen means having access to a variety of amenities that cater to daily needs and leisure activities. The suburb boasts a range of cafes, shops, and local services, ensuring that residents have everything they need within easy reach. Safety is generally not a major concern, contributing to the suburb's appeal as a family-friendly area. For families, Narrabeen offers a supportive environment with good schools and plenty of recreational opportunities, making it an ideal place to raise children.

    However, living in Narrabeen does come with some trade-offs. While the suburb offers a peaceful retreat from the hustle and bustle of city life, it is located approximately 23km from the CBD, which may require a longer commute for those working in the city. Additionally, the popularity of the area can lead to higher property prices, reflecting its desirability as a coastal suburb. Despite these considerations, the suburb's natural beauty, community feel, and access to outdoor activities make it a highly attractive place to call home.

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  • Is it expensive to live in Narrabeen?

    Narrabeen, located on Sydney's Northern Beaches, is known for its stunning coastal lifestyle, but it comes with a hefty price tag. The current median house price in Narrabeen is around $3,000,000, which is significantly higher than many other Sydney suburbs. If you're considering renting, the average rent for houses is approximately $840 per week, while units are slightly more affordable at $758 per week.

    When comparing these figures with the average wage in Sydney, which is about $108,000 per year, it becomes clear that living in Narrabeen requires a substantial financial commitment. The median total household income in Narrabeen is $1,780 per week, which is relatively high but still demands careful budgeting to manage the cost of living, especially in terms of housing.

    Overall, while Narrabeen offers a beautiful beachside lifestyle with plenty of outdoor activities and a relaxed atmosphere, the cost of living, particularly housing, is on the higher end. If you're thinking of living in Narrabeen, it's important to ensure your financial situation can accommodate the expenses associated with this desirable suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Narrabeen a good place to invest?

    Narrabeen presents an intriguing opportunity for property investors, particularly those interested in the unit market. Over the past 12 months, the suburb has experienced a significant 9% increase in median unit values, indicating strong demand and potential for capital growth. This trend is mirrored in the rental market, where unit rents have risen by 8.2%, suggesting a healthy demand from tenants and the potential for solid rental returns.

    While the median house values and rents have remained stable, the unit market's performance highlights Narrabeen's appeal, especially for those seeking more affordable entry points into the property market. The suburb's coastal lifestyle, combined with its proximity to beaches and natural attractions, makes it a desirable location for both renters and buyers, contributing to the upward trend in unit values.

    Overall, Narrabeen's unit market offers promising investment potential, with recent growth trends indicating a strong demand that is likely to continue. For investors looking for a suburb with a vibrant lifestyle and solid rental prospects, Narrabeen is certainly worth considering.

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