Question 1

Is Narrandera a nice place to live?

Accepted Answer

Narrandera sits on the Murrumbidgee River beside Lake Talbot, and life there centres on the riverfront and lakeside recreation. Tree-lined streets and a mix of older weatherboard and brick homes give the town a lived-in, small-town character, while surrounding irrigated cropping and grazing country shapes the local economy. A compact main street of shops and services and regional links via the Sturt Highway make day-to-day errands and travel straightforward. With about 4,369 residents, a median age of 44 and a typical household income of $1,113 a week, Narrandera is a practical base for families, farmers and retirees who value outdoor living.

The community is weighted towards owner-occupation, with roughly 71.9% of homes owner-occupied and 28.1% rented, and family types include both couples with and without children as well as one-parent families. Local and regional investment is under way or planned, from riverfront civic upgrades such as the Destination & Discovery Hub and the Lake Talbot Skywalk to industrial land expansion, airport improvements and advocacy for a new water treatment plant, alongside a large solar farm proposal in planning. Whether Narrandera suits you depends on how much you value its riverside lifestyle and regional, agricultural setting.

Question 2

Is it expensive to live in Narrandera?

Accepted Answer

On these figures, renting a house in Narrandera at about $420 a week would take roughly 38% of a typical local household's weekly income at the last Census, which is a sizeable share. The median house price of $427,000 works out to about 7.4 times a local year's household income at the last Census, which sits well above local incomes. For someone weighing the two, buying looks more stretched against what people locally earned at the last Census, while renting would still take a sizeable portion of household income.

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 Narrandera a good place to invest?

Accepted Answer

House values in Narrandera climbed strongly over the past 12 months, rising 28.9%. House rents also increased strongly, up 10.5% over the year, so capital growth on houses outpaced rental growth during that period. For someone weighing Narrandera as an investment, the house value change is the number that speaks to capital gains and the rent change is the number that speaks to rental income; which matters more will depend on your own 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	$427K	N/A
Change in value Past 12 months	28.9%	N/A
Sold Past 3 months	22	N/A
Median days on market Past 12 months	58	N/A
Average rent Past 12 months	$420	N/A
Change in rent Past 12 months	10.5%	N/A

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