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Narrabeen Suburb Insights
VICLocation Information
Suburb Name
Narrabeen, VIC
Distance from CBD
23.1 kmDemographics
Population
8,207
Median Income
$48,932
Area Information
Area
2.2 km²
Population Density
3730 people/km²
Property Market
Median Price
$721,023
Annual Growth
+16.6%Property Price Trend Analysis
Current Median Price
$721,023
Annual Growth
+16.6%
Quarterly Growth
+1.7%
Price Trends - Last 6 Months
2024-01
$787,985
+3%2024-02
$389,419
+11.6%2024-03
$743,829
+11.7%2024-04
$668,020
+7.5%2024-05
$1,069,063
+8.3%2024-06
$1,014,544
+17.6%Property Type Price Analysis
House
Median Price
$1,614,545
Growth Rate
+10.6%Available Listings
361 properties
Apartment
Median Price
$352,250
Growth Rate
+6.1%Available Listings
894 properties
Townhouse
Median Price
$951,597
Growth Rate
+15.5%Available Listings
163 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy