Naradhan Short-Term Rental (Airbnb) Market
Naradhan NSW Investment Analysis
CAUTION
— 3.0% gross yield on a $172,000 median.
THE MARKET
Naradhan has compounded at 1.6%/yr over 5 years — a house that cost $158,877 in 2021 is worth $172,000 today. Properties are sitting on market for 30 days (roughly balanced conditions). At the same growth rate, today's median reaches $186,207 by 2031.
- **Median house:** $172,000 | **Units:** $0 - **Gross yield:** 3.0% | **Net yield:** 1.5% - **5yr price CAGR:** 1.6%/yr | **3yr forecast:** 1.8%/yr - **Population:** 1,539 | **Owner-occupier rate:** 50% | **Affluence:** Above Average
- **Supply pipeline:** Moderate — Development activity consistent with long-term averages
RENTAL SNAPSHOT
- **Vacancy:** 3.0% (stable) | **Rental demand:** Moderate - **Median weekly rent:** $100/wk | **Days on market:** 30 (stable) - Tenant market — vacancy elevated, negotiate hard on rent.
SHORT-TERM RENTAL
- **Median nightly rate:** $192/night | **Occupancy:** 26% - **Estimated annual STR gross:** ~$17,953/yr - **vs long-term rent:** $5,200/yr (+245% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record. - **Transport:** Standard suburban transport access
BULL CASE
If Naradhan maintains 3%+ annual growth and vacancy stays below 2.1%, median prices could reach $197,800 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Naradhan pull back 10-15% from $172,000, with vacancy rising to 5.0% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- **Barmedman** (NSW): $217,000 median, 4.5% yield, 8.0% 1yr growth - **Billimari** (NSW): $220,000 median, 5.2% yield, 0.0% 1yr growth - **Boomi** (NSW): $140,000 median, 6.4% yield, 0.0% 1yr growth
THE PLAY
Naradhan carries elevated risk that outweighs potential returns at current levels. A growth market combined with moderate vacancy risk warrants caution. Avoid new acquisitions unless significant discount to median pricing is achievable. Re-evaluate if vacancy falls below 2.5% or annual price growth exceeds 3%.
- Entry range: $154,800 – $189,200 - Minimum gross yield to target: 4.5% - Watch signal: vacancy dropping below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.