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
Current median dwelling price$1,034,000Past 3 months
Property growth+3.6%Past 12 months
Narwee’s property market has shown positive trends over the past 12 months, with house values increasing by 7.9%, bringing the median house price to $1.52 million. Although unit values have risen by 10.4%, the median unit price remains unavailable, indicating limited data or sales activity in this segment.
Sales activity has been relatively low, with 13 houses and 4 units sold in the past 12 months. Houses are taking longer to sell, with a median of 40 days on the market, compared to 22 days for units, suggesting a quicker turnover in the unit market.
The rental market in Narwee has seen stability for houses, with no change in average rent over the last 12 months, while units have experienced a 5.8% increase in rent, reflecting a stronger demand for rental units.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $1.58M | N/A |
Change in value Past 12 months | 1.0% | 6.1% |
Sold Past 3 months | 10 | 5 |
Median days on market Past 12 months | 43 | 24 |
Average rent Past 12 months | $800 | $540 |
Change in rent Past 12 months | N/A | 3.8% |
5 year median price trend for houses and units
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 shown stability, with house rents remaining unchanged at $800 per week over the past year, while unit rents have experienced a modest increase of 5.8% to $550 per week. This steady growth in unit rents reflects a consistent demand, making Narwee an appealing option for renters seeking affordability and convenience in a suburban setting.
Suburbs near Narwee
Some popular suburbs near Narwee include:
How does Narwee compare to nearby suburbs?
- Median house prices: Narwee’s median house price is 0.6% higher than Roselands’s.
- Median unit prices: Narwee’s median unit price is 32.9% lower than Beverly Hills’s.
- House price growth: Over the past 12 months, house prices in Narwee have grown 3.9% higher than in Penshurst.
- Unit price growth: Over the past 12 months, unit prices in Narwee have grown 0.7% higher than in Beverly Hills.
- Selling speed for houses: Properties in Narwee are selling 8.5% faster than in Beverly Hills.
- Selling speed for units: Properties in Narwee are selling 42.9% faster than in Beverly Hills.
- Investment considerations: In Narwee, the rental yield for house is 8.2% lower than the Sydney average, while the rental yield for units is 27.8% lower.
- House price growth: Over the past 12 months, house prices in Narwee have grown 21.8% lower than the average rate of growth across Sydney.
- Unit price growth:Over the past 12 months, unit prices in Narwee have grown 40.4% lower than the average rate of growth for units across Sydney.

