Question 1

Is Narrawallee a nice place to live?

Accepted Answer

Narrawallee is a relaxed coastal village centred on the Narrawallee Inlet and a wide surf beach, fringed by native bush and coastal reserves.

The community is older, with couples without children making up 55.0% of families and many households owning their homes outright. A small village centre provides everyday shops and services, and shoreline walking tracks, rock platforms and the inlet support kayaking, fishing, swimming and surfing while road links to Milton and Ulladulla make outdoor recreation a regular part of life. The Matron Porter Drive footpath project was completed, providing the final link between Milton and Narrawallee with a new 2.5 metre wide shared footpath for pedestrians and cyclists.

Question 2

Is it expensive to live in Narrawallee?

Accepted Answer

Buying a house in Narrawallee sits well above what local households earn. A median house price of $1,085,000 works out to about 15.9 times a typical local annual household income, and a typical local household earned $1,309 a week at the most recent Census. On those figures, buying is well above local incomes.

Renting a house runs to about $680 a week, which is roughly 52% of a typical local household's weekly income, a large share of income. If you're renting rather than buying, that rent share is the number that matters, and whether it feels expensive will depend on your own income and circumstances.

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

A 13.3% jump in house rents over the past 12 months is the standout in Narrawallee, while house values rose a strong 10.4%. For houses, that means rental income rose further than capital growth, with rents increasing more than values did.

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	$1.08M	N/A
Change in value Past 12 months	10.4%	N/A
Sold Past 3 months	17	N/A
Median days on market Past 12 months	67	N/A
Average rent Past 12 months	$680	N/A
Change in rent Past 12 months	13.3%	N/A

	Suburb	NSW
Median age years	50	39
Median household income weekly	$1,309	$1,829
Couples with children share of families	29.2%	44.7%
Couples without children share of families	55.0%	37.9%
One-parent families share of families	15.8%	15.8%
Homes owned outright share of homes	51.9%	32.6%
Homes with a mortgage share of homes	28.4%	33.6%
Homes rented share of homes	19.7%	33.7%

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