Question 1

Is Narrawallee a nice place to live?

Accepted Answer

Narrawallee centres on the Narrawallee Inlet and an open surf beach, where dunes and coastal bush meet a sheltered estuary. The inlet is popular for kayaking, fishing and calm swimming, while the beach and nearby rock platforms attract surfers and walkers. It has a relaxed seaside feel and draws holidaymakers, families and retirees, with many single-storey beach houses and cottages alongside newer low-rise homes tucked into leafy streets.

The community is 1,487 people with a median age of 50; homes are largely owner-occupied (51.9% owned outright and 28.4% with a mortgage) and the median household income is $1,309 a week, roughly $68,068 a year. Narrawallee is affected by regional projects such as the Milton Ulladulla bypass and a proposed sewer trunk main, and there are active coastal works including dune regeneration, revegetation, beach-access renewals, new inlet stairs and updated dog-access arrangements. That mix tends to suit people after a small, quietly scenic coastal village with close water-based recreation.

Question 2

Is it expensive to live in Narrawallee?

Accepted Answer

On the figures, buying a house in Narrawallee sits well above what local households earned at the last Census. A median house price of $1,190,000 is about 17.5 times a typical local household's annual income as recorded at the most recent Census. Renting a house at about $675 a week would take roughly 51.6% of a typical local household's weekly income at the last Census, which is a large share of income. For someone renting rather than buying, that rent share is the immediate cost to compare; for a buyer, the price multiple shows buying is far more stretched against local incomes at the last Census.

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 Narrawallee a good place to invest?

Accepted Answer

Over the past 12 months house values in Narrawallee rose 11.1% while house rents increased 10.7%. Both are strong increases for the year, and the rise in values was marginally larger than the rise in rents, so capital growth edged out rental income as the stronger performer over this period. The value figure is what matters if capital gain is your priority, while the rent figure is the one to focus on if rental income is your aim. Whether that balance suits your goals and circumstances is for you to decide.

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	$1.19M	N/A
Change in value Past 12 months	11.1%	N/A
Sold Past 3 months	17	N/A
Median days on market Past 12 months	68	N/A
Average rent Past 12 months	$675	N/A
Change in rent Past 12 months	10.7%	N/A

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