Question 1

Is Narraweena a nice place to live?

Accepted Answer

Narraweena is a quiet, inland pocket of Sydney’s Northern Beaches with a residential, settled feel. Tree-lined streets of mid-century weatherboard cottages and single-storey brick homes sit alongside pockets of newer townhouses. Everyday life centres on small local shops, parks and sporting fields, and regular bus services and nearby arterial roads connect residents to the busier centres of Dee Why and Brookvale and to the coastal beaches. It attracts families and professionals who want a calmer neighbourhood close to the beach without being on the beachfront.

With 6,971 residents and a median age of 43, the suburb is weighted towards families: couple families with children are the largest group and, together with couple families without children, make up 82.9% of families. Most homes are owner-occupied while about a third are rented. Narraweena has seen recent park upgrades, including a new multi-use hardcourt at Beverley Job Park, and the council has proposed school-zone improvements plus modernisation work for the community centre and tennis courts. Whether it suits you depends on whether a quieter, family-oriented suburb close to the coast fits your needs.

Question 2

Is it expensive to live in Narraweena?

Accepted Answer

On the figures for Narraweena, buying a house works out to about 22.4 times a typical local household's annual income as recorded at the most recent Census, which sits well above what people locally earned at that time. Renting is also a large share of income: a house at $1,200 a week would take about 62% of a typical local household's weekly income at the last Census, while a unit at $763 a week would take about 39.5%. If you're renting rather than buying, those rent-share numbers are the most directly relevant; whether they feel expensive depends on your own 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 Narraweena a good place to invest?

Accepted Answer

House rents in Narraweena climbed 9.6% over the past 12 months while median house values rose 7.0% in the same period. That means rental income for houses increased faster than the price of houses this year. Unit rents also moved, rising 3.4% over the year.

If rental income is your priority, the house rent figure is the most relevant; if capital growth matters more, look to the 7.0% rise in house values. What that performance means for you 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	$2.25M	N/A
Change in value Past 12 months	7.0%	N/A
Sold Past 3 months	20	N/A
Median days on market Past 12 months	75	N/A
Average rent Past 12 months	$1200	$763
Change in rent Past 12 months	9.6%	3.4%

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