Narrabundah Suburb Profile
Narrabundah is a popular place for professionals and established families of 40 to 59 years old due to its close proximity to Canberra CBD and airport – only 6 kilometres away – and high-quality real estate properties available in this leafy area.
There are a number of parks located in Narrabundah, the most popular of which is Rocky Knob in upper Narrabundah with a beautiful panoramic view over Canberra. BBQs, children’s playgrounds, walking tracks, 16 parks, open spaces, established gardens and lush streets with pin oaks all spread widely around the area. The Narrabundah locals value their location the most, as well as its community spirit and multinational diversity.
Cafes, restaurants, including XO, one of Canberra’s most exciting restaurants, bakery, takeaway food, proximity to Kingston and Manuka local centres, local shops, sports activity, especially Canberra Cavalry baseball matches, and other community facilities including GP clinics, schools, churches meet Narrabundah population everyday needs. If you’re lucky, you will meet some colourful peacocks too!
If you are looking to buy or sell a property in Narrabundah, it is important to contact a real estate agent who understands the local market conditions. RK Property Partners are trusted real estate agents in Narrabundah.
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Your Real Estate Agent in Narrabundah is RK Property Partners
The real estate market in Narrabundah has been especially strong over the last years with property prices skyrocketing by 21% or even 39% in the past year alone. The real estate market is expected to continue this trend through the next year. The current Narrabundah property market is mainly composed of renovated brick duplexes, spacious Federation-style homes, stylish townhouses and modern apartment buildings.
Overall Narrabundah real estate is a high demand market, as well as the capital’s market itself. And new apartment and townhouses precincts are under development, such as Sierra – new 42-townhouse development with two to four-bedroom townhouses priced from $599,000.
In the RK Property team, experienced professionals work side by side. Our real estate agents have gained extensive local expertise, achieved outstanding sales results and record sale prices over their combined careers. RK Property Partners owner manager’s experience allowed her to establish effective property and customer management systems.
At the same time, the team is tightly bonded with the Canberra region, having lived and worked there for many years and actively participating in supporting local sports teams and charity events.
Whether you want to buy, sell, rent or manage your property in Narrabundah, our team is ready to share our 50-year experience with you to achieve the desired results, handling deals, tenants or buyers on your behalf. Contact us to get a personalized offer and ask any questions.
Sell My Home in Narrabundah
To sell your house in Narrabundah, you will need to prepare it for market and list it with a real estate agent. To get your property ready for the market and potential buyers, follow recommendations from this free Sellers Guide for Downloading that the RK Property expert team created for you.
Next, you will need to set a price for your home. RK Property Partners real estate agents in Narrabundah will give you a free appraisal to help you determine the right price based on the current market conditions. Currently, the median house price is $1,220,000, while with the right real estate agent it is possible to get up to $2,000,000 – $3,000,000 for a house. Our team can help you increase your property value and find a buyer quickly.
3-4 bedroom houses and 2-bedroom apartments are the most popular choices among buyers and they only stay on the market for around 50 days. Narrabundah real estate market has one of the highest clearance rates of 93% to 100%. Potential buyers particularly love upper Narrabundah for its views and location.
Once we have listed your property for sale, we will be present to answer any questions that potential buyers have. We are also responsible for coordinating open house inspections and negotiating offers on your behalf. To learn more about our sales results, visit our sold properties section. Contact us to list your property.
Buy A Home in Narrabundah
There are a few key things to remember when purchasing a home in Narrabundah. Firstly, it is important to consult with a real estate agent to get an understanding of the current real estate market and what your options are, for example, you can always contact our team or download our free Buyers Guide.
Secondly, be sure to research the suburb you are interested in and make sure that it meets your needs in terms of livability (e.g. school district, proximity to work, etc). RK Property Partners put together this Narrabundah profile for you and we are ready to answer any specific questions about the area, as we have been working and living in Canberra and its suburbs for decades.
Finally, always have a budget in mind and be prepared to stick to it! The median prices range from $334,000 for a 1-bedroom apartment to $1,400,000 for a 3-4 bedroom house. While the real price can go up by 21% in Narrabundah, RK Property Partners know our way to get the best deals for our clients even prior to the auction or during negotiation. Check our exclusive houses for sale in Narrabundah.
Property Management in Narrabundah
It’s important to know what you’re looking for in a property manager. If you need someone who can manage your property full-time, someone with experience in property management, and proven local expertise, then RK Property management services are for you.
The Narrabundah rental market is qualified as a stable, fast-growing and top-performing suburb in terms of property value and investors’ gain. Over the last years, property owners have seen a 7.62% gain and more and more investors choose Narrabundah for long-term investment.
The median rent in Narrabundah is $650 PW for 2-3 bedroom houses and $920 PW on average for a 4-bedroom home. The annual rental yield is higher for units and consists of 5.2% with a median rent of $510 PW. To keep investment returns high and vacancy rate low, contact our property managers.
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Free Property & Market Appraisals
Thinking of selling? We’ll appraise your property for free, based on current marketing conditions and buyer demand. RK Property Partners home appraisals are extensive and personalised, and have proven to be invaluable resources for our clients when selling their home.
