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Narwee suburb profile

Narwee is a charming suburb located in the southern part of Sydney, approximately 18km from the CBD. Known for its peaceful residential streets and strong community spirit, Narwee offers a welcoming environment for families and professionals. The suburb features a mix of post-war homes and modern developments, providing diverse housing options. Narwee is well-served by public transport, with a train station on the T8 Airport & South Line, ensuring easy access to the city and surrounding areas. Local amenities include parks, schools, and shopping facilities, making it a convenient and pleasant place to live.

Narwee property market performance

Narwee’s property market has shown a strong performance over the past 12 months, particularly in the housing sector. House values have increased by 11.2%, bringing the median house price to approximately $1.74 million. In contrast, unit values have remained stable, with the median unit price holding at $590,000.

Sales activity has been relatively low, with 9 houses and 8 units sold in the past three months. However, properties are moving quickly, with houses spending a median of 22 days on the market and units just 17 days, indicating strong demand.

The rental market in Narwee has also seen notable changes, with house rents increasing by 6.7% and unit rents rising by 10% over the last 12 months, reflecting a robust demand for rental properties in the area.

Median price - houses$1.52MPast 3 months

Median price - units$590KPast 3 months

Change in value - houses6.8%12 months

Change in value - units-20.7%12 months

Houses sold10Past 3 months

Units sold8Past 3 months

Median DOM - houses23.5Past 12 months

Median DOM - units19Past 12 months

Average rent - houses$800Past 12 months

Average rent - units$550Past 12 months

Change in rent - houses6.7%Past 12 months

Change in rent - units5.8%Past 12 months

Narwee demographics

Narwee, a suburb located in the southern part of Sydney, offers a blend of suburban tranquility and urban convenience. With a population of 5,411, Narwee is a close-knit community that appeals to families and individuals seeking a peaceful lifestyle. The median age of 40 suggests a mature population, with many residents likely enjoying the suburb's family-friendly environment and proximity to essential amenities.

The suburb's housing landscape is diverse, with a significant portion of properties being rented, accounting for 45.4% of the total. This indicates a flexible housing market that caters to both long-term residents and those seeking temporary accommodation. Additionally, 26.6% of properties are owned outright, and 28.0% are owned with a mortgage, reflecting a stable community with a mix of established homeowners and new buyers entering the market.

Family dynamics in Narwee are varied, with couple families with children making up 47.8% of the population, highlighting the suburb's appeal to families. Couple families without children account for 32.4%, while one-parent families represent 17.9%. This diverse family composition contributes to a vibrant community atmosphere, supported by local schools, parks, and recreational facilities. Narwee's balance of suburban charm and accessibility to Sydney's city center makes it an attractive option for those seeking a harmonious lifestyle.

Narwee infrastructure, key developments and investment opportunities

Narwee is undergoing several developments that may impact its property market. The suburb is set to benefit from the new M5 motorway extension, expected to open in 2020, which will significantly reduce travel times to Sydney CBD and the inner west. This improved connectivity could boost property demand and values in the area.

Additionally, Narwee train station is undergoing upgrades to improve accessibility, with lift access for disabled passengers and prams currently under construction. The local shopping precinct has seen the arrival of new cafes and restaurants, enhancing the area's amenities. These developments, combined with Narwee's family-friendly atmosphere and proximity to multiple shopping centers, are likely to maintain the suburb's appeal to homebuyers and investors.

Narwee rental market trends

The rental market in Narwee has experienced moderate growth, with house rents increasing 6.7% over the past year to $800 per week, while unit rents have risen 10% to $550 per week. This suburb offers a balanced mix of affordability and accessibility, making it an attractive option for both renters and investors seeking steady returns in a well-connected area.

Suburbs near Narwee

Some popular suburbs near Narwee include:

Common questions about Narwee

  • Is Narwee a nice place to live?

    Narwee is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a lovely place to call home. With its peaceful residential streets and strong community spirit, Narwee is particularly appealing to families and professionals seeking a welcoming environment. The suburb's charm is enhanced by its mix of post-war homes and modern developments, providing a variety of housing options to suit different preferences and lifestyles.

    Families will find Narwee to be a fantastic place to settle, thanks to its family-friendly atmosphere and proximity to essential amenities. The suburb is well-served by public transport, with a train station on the T8 Airport & South Line, ensuring easy access to the city and surrounding areas. Local amenities include parks, schools, and shopping facilities, making daily life convenient and enjoyable. The recent arrival of new cafes and restaurants adds to the suburb's appeal, offering residents a range of dining options without having to venture far from home.

    While Narwee offers a peaceful lifestyle, there are some trade-offs to consider. The suburb may not have the bustling nightlife or trendiness of inner-city areas, which might not appeal to those seeking a more vibrant social scene. However, this is balanced by the suburb's strong sense of community and quieter lifestyle, which many families and retirees find attractive. Safety is generally not a major concern, contributing to the overall livability of the area.

    Overall, Narwee is a charming suburb that provides a balanced lifestyle with its suburban charm and accessibility to Sydney's city center. It is an attractive option for those seeking a peaceful yet connected community, making it a nice place to live for families and individuals alike.

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  • Is it expensive to live in Narwee?

    Narwee, nestled in the southern suburbs of Sydney, presents a mixed picture when it comes to living expenses. The median house price in Narwee is currently around $1,742,500, which is quite steep, especially when compared to the average wage in Sydney, which is approximately $91,000 per year. This suggests that purchasing a home in Narwee would require a significant financial commitment, potentially stretching the budget of those earning an average salary.

    For those considering renting, Narwee offers a bit more affordability, with the average rent for houses at $800 per week and units at $550 per week. While these rental prices are still considerable, they may be more manageable compared to buying a property outright. The median total household income in Narwee is $1,431 per week, which indicates that a significant portion of income would be dedicated to housing costs, whether renting or buying.

    Overall, living in Narwee can be expensive, particularly for those looking to purchase a home. However, for renters, the suburb offers a more feasible option. It's important to weigh these costs against the benefits of living in this area, such as its proximity to Sydney and the lifestyle it offers, to determine if it aligns with your financial situation and living preferences.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Narwee a good place to invest?

    Narwee presents an interesting opportunity for property investors, particularly those focused on rental income. Over the past 12 months, the suburb has experienced a significant 11.2% increase in median house values, indicating strong demand and potential for capital growth. While unit values have remained stable, the rental market for units has seen a notable 10% increase, suggesting a growing demand from renters and a potential for solid rental returns.

    The suburb's appeal lies in its balance of affordability and accessibility, making it attractive to both families and young professionals. With a 6.7% rise in house rents, Narwee offers a promising prospect for investors seeking reliable rental income. The steady rental growth for both houses and units highlights the suburb's desirability and potential for consistent returns.

    Overall, Narwee offers a compelling mix of capital growth and rental yield potential. While the stability in unit values might not appeal to those seeking rapid appreciation, the strong rental demand and rising house values make it a worthwhile consideration for investors looking for a balanced investment strategy. The suburb's ongoing appeal to renters and buyers alike ensures a steady demand, positioning Narwee as a solid choice for property investment.

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