Narraweena NSW 2099: Property Market Report & Real Estate Insights

Part of Northern Beaches, NSW

Narraweena Real Estate Market Outlook

Thinking about buying in Narraweena? Now could not be a better time, with 3064 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,250,000 with prices in this suburb ranging from $31,000 to $8,099,000. Narraweena is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Living in Narraweena

Consistent high demand relative to supply is a key feature in Narraweena driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Narraweena are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Narraweena provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Narraweena necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

Narraweena is a suburb found to the north of the Central Business District of Sydney, New South Wales. The locality, found within the Local Government Area of the Northern Beaches Council, was established at the end of the Second World War, with a post office opening in 1953. The suburb’s name is of Aboriginal origin and is believed by some to roughly translate to “A quiet place in the hills”. The suburb contains excellent amenities, including two schools, and plays host to quite a large Italian population, which is a driving force behind much of the suburb’s character.Located just 18km from the Central Business District, Narraweena has all the benefits of proximity to the heart of a city which is one of the largest centres of commerce, business and leisure in the world without all the drawbacks of the energetic, busy, ever-in-flux lifestyle led by those in the very centre of the city. Narraweena serves as an excellent middle ground between the rural and urban lifestyles, bringing the benefits of both and mitigating their drawbacks. In conclusion, Narraweena is a beautiful locality with excellent access to Sydney’s centre.

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