Question 1

Is Narrabundah a nice place to live?

Accepted Answer

Narrabundah is a quietly leafy inner-south suburb of Canberra, with broad tree-lined streets and a mix of mid-century cottages, Californian bungalows and more recent infill homes, many sympathetically renovated. It has a small village shopping strip with cafes and everyday services, easy access to the shops and dining of neighbouring Kingston and Manuka, and the open slopes of Red Hill. Regular bus services, quiet parks, playgrounds and community facilities make it a walkable option that appeals to families and professionals wanting to be close to central Canberra.

Narrabundah is home to 6,455 people with a median age of 40 and a typical household income of $2,353 a week. Most families are couple families and about 62.1% of homes are owner-occupied while 37.9% are rented. Several local upgrades are under way, including a modernisation of Narrabundah College with a new DATS building, design work on shop improvements, renewal planning for the Gowrie Court public housing site and infrastructure funding for the Old Narrabundah community garden. Whether it suits you will depend on what you value in a close-in, established neighbourhood.

Question 2

Is it expensive to live in Narrabundah?

Accepted Answer

On these figures, buying a house in Narrabundah sits well above what a typical local household earned at the last Census. The median house price of $1,275,000 is about 10.4 times a typical local year's household income at the last Census (1,275,000 ÷ (2,353 × 52) ? 10.4). Renting looks less stretched: a house rent of $760 a week would take about 32.3% of a typical weekly household income at the last Census (760 ÷ 2,353 ? 32.3%), roughly a third, while a unit rent of $590 a week would take about 25.1% (590 ÷ 2,353 ? 25.1%), about a quarter. On the figures, renting is the more moderate cost against local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Narrabundah a good place to invest?

Accepted Answer

Houses have been the clearer performer in Narrabundah over the past 12 months. Median house values rose 9.1% and house rents increased 9.4% over the year, both solid rises with rents edging ahead of values on the house side. Units showed only slight value growth, up 1.4%, while unit rents rose a modest 3.5%, so the stronger movements this year have been on the house side for both capital and rental income. Whether that makes Narrabundah right for you as an investment depends on your goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.27M	N/A
Change in value Past 12 months	9.1%	1.4%
Sold Past 3 months	28	8
Median days on market Past 12 months	57	65
Average rent Past 12 months	$760	$590
Change in rent Past 12 months	9.4%	3.5%

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