Narromine NSW Property Investment
Narromine · 2821 · Score: 46/100 · Caution
Narromine Short-Term Rental (Airbnb) Market
Estimated revenue assumes year-round availability. Non-hosted short-stays are night-capped in some councils (e.g. 60 nights across most of Byron Shire, 180 in Ballina, Muswellbrook and parts of Greater Sydney) and levied in Victoria — the legal cap can cut achievable income well below this figure. Run STR Check for the rules on a specific address.
Narromine NSW Investment Brief
## 1. Investment Verdict Hold – the 5.7% gross rental yield is the key figure that keeps the suburb attractive despite a modest investment‑score of 46/100.
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## 2. Market Overview - Median house price: $450,000 - Median unit price: $483,382
Prices rose 6.1% over the past 12 months and have compounded at 2.8% per year over the last five years. The 3‑year forecast predicts 13.5% growth, indicating upside potential.
*Signal:* With price growth still positive and no days‑on‑market figure supplied, the market appears balanced – sellers can expect modest price appreciation, while buyers benefit from a reasonable entry price and solid yields.
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## 3. Rental Market - Median weekly rent: $490 / wk - Gross rental yield: 5.7%
The data set does not include a vacancy rate or a formal demand rating, so we cannot quantify rental pressure. Nonetheless, a 5.7% yield suggests a decent cash‑flow base for investors.
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## 4. Short‑Term Rental Opportunity No STR‑specific data (nightly rate, occupancy, annual revenue) are provided. Without those numbers we cannot compare long‑term rental (LTR) versus short‑term rental (STR) performance for Narromine.
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## 5. Infrastructure & Growth Drivers The supplied information contains no details on new projects, transport upgrades, or major employers. Consequently we cannot identify explicit demand drivers or constraints beyond the general price‑growth trends noted above.
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## 6. Bull Case If the 3‑year growth forecast of 13.5% materialises and rental income stays at the current $490 / wk:
- Capital upside: A median house at $450,000 would climb to roughly $510,750 (13.5% increase).
- Yield stability: Maintaining the 5.7% yield on a higher price would lift annual rent to about $28,580 (5.7% of $510,750).
Together, capital growth and stable yields could push total return above 10% per annum.
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## 7. Risks | Risk | Quantified Concern | |------|--------------------| | Investment‑score caution | Scorecard of 46/100 flags underlying weakness. | | Price‑growth slowdown | 5‑year CAGR is only 2.8%/yr, far below the 3‑year forecast, indicating possible deceleration. | | Rental‑market data gaps | Absence of vacancy and demand figures makes it hard to gauge rental stability. | | Interest‑rate sensitivity | Any rise in rates will increase borrowing costs and could erode the 5.7% yield. | | Supply pipeline unknown | No data on new housing supply; a future influx could pressure prices and rents. |
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## 8. The Play - Entry range: $450,000 (median house) – $483,382 (median unit). - Minimum yield target: ≥ 5.7% (current gross yield). - Watch signals: 1. Publication of days‑on‑market and vacancy statistics. 2. Changes in the 3‑year growth forecast. 3. RBA interest‑rate movements. - Strategy: Acquire at the lower end of the price band, lock in a yield of at least 5.7%, and hold for 3–5 years to capture the projected 13.5% capital gain while monitoring rental‑market data for any signs of weakening demand.
Gentrification Index
Growth Forecast
low confidenceBasis: 5yr CAGR 2.8% + 10yr CAGR 3.2%
- −Population decline (-0.1%/yr) — demand headwind
- −Slow market (382 days avg) — buyer hesitancy
- −Moderate supply pipeline (58 approvals)
Suburb Metric Thresholds
Macro Environment
Macro Indicators
Cash Rate
4.35%
▲ 0.25%Cash rate as at 2026-05-06 · Credit data 2026-07
Suburb Supply & Demand
Suburb Supply Pipeline — New Dwelling Approvals
5
2020
15
2021
19
2022
6
2023
13
2025
New dwelling approvals — higher numbers mean more future supply
Socio-Economic Profile
Source: ABS Census 2021SEIFA Index · Postcode 2821
Decile 3 of 10 — High disadvantage
Population
4,778
Education (IEO)
3/10
Econ. Resources (IER)
4/10
10-Year Investment Projection
Modelled on Narromine NSW data — rent, capital growth, tax, and depreciation over 10 years.
Pre-filled: $490/wk median rent for Narromine. Capital growth and rent increase are editable assumptions.
Schools
In your catchment
These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.
Analyse a Property in Narromine
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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.