Naremburn NSW Property Investment

THE MARKET

Median house price in Naremburn sits at $3,100,000 with 16 days on market and a 1.9% vacancy rate. This is a tight rental market right now.

- **Median house:** $3,100,000 | **Units:** $802,911 - **Gross yield:** 1.8% | **Net yield:** 0.3% - **5yr price CAGR:** -6.3%/yr | **3yr forecast:** -7.1%/yr - **Population:** 18,696 | **Owner-occupier rate:** 32% | **Affluence:** Very High

- **Supply pipeline:** Moderate — Development activity consistent with long-term averages

RENTAL SNAPSHOT

- **Vacancy:** 1.9% (worsening) | **Rental demand:** High - **Median weekly rent:** $1,050/wk | **Days on market:** 16 (improving) - Landlord market — rents likely to keep rising.

SHORT-TERM RENTAL

- **Median nightly rate:** $195/night | **Occupancy:** 68% - **Estimated annual STR gross:** ~$48,399/yr - **vs long-term rent:** $54,600/yr (comparable — LTR offers simpler management)

INFRASTRUCTURE & CATALYSTS

- No major confirmed infrastructure projects on record. - **Transport:** Well-connected inner-city location

BULL CASE

If Naremburn maintains 3%+ annual growth and vacancy stays below 1.3%, median prices could reach $3,565,000 within 3 years with yields compressing slightly as capital values rise.

BEAR CASE

A market correction or interest rate shock could see prices in Naremburn pull back 10-15% from $3,100,000, with vacancy rising to 3.4% and rental yields softening as tenants gain leverage.

KEY RISKS

- Negative price growth suggests a softening market - Premium price point limits buyer pool and increases interest rate sensitivity

COMPARABLE MARKETS

- **Zetland** (NSW): $2,610,153 median, 2.0% yield, 8.7% 1yr growth - **Glebe** (NSW): $2,700,000 median, 1.8% yield, 3.3% 1yr growth - **Watsons Bay** (NSW): $2,733,804 median, 3.1% yield, 14.7% 1yr growth

THE PLAY

Naremburn offers balanced fundamentals but does not present an urgent buying signal. The market is in a trough phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

- Entry range: $2,790,000 – $3,410,000 - Minimum gross yield to target: 4.5% - Watch signal: vacancy staying 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.