Real Estate Narrabundah, ACT, 2604 Unincorporated ACT

Thinking about buying in Narrabundah? Now could not be a better time, with a whopping 3700 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $1,157,000 with prices in this suburb ranging from $65,000 to $11,646,000.

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Narrabundah Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Narrabundah are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Narrabundah classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Narrabundah necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.