Narrabundah is a leafy, medium density suburb of Canberra, Australian Capital Territory, located in the inner south of the city. Narrabundah is an established garden suburb, valued for its equal proximity to both Civic and the airport, Lake Burley Griffin, and vibrant local centres such as Manuka and Kingston.

Type

Suitability

Apartment

New Investors

City

Starting Price

Canberra

$395,000

Asset Class

Residential

Annual Growth

4%

Average Yield

5.6%

Population Growth

5%

House/Apartment Ratio

213%

Our key measures explained by Dr Andrew Wilson

Chief Economist at Wealthi.

Annual Growth

Annual growth is a measure of the price growth in median prices for the asset type we are recommending. For example, if we're recommending a house investment, we will use median house price growth adjusted for any anomolies in the data. 

Average Yield

Yield represents the total median rental income divided by the median asset price over the period. Our preference is to work with data across a large sample, to reduce any issues with one-off transactions which could skew the data. 

Population Growth

Population growth is a great long term source for measuring long term demand. This isn't an instant measure, there are often lags with government population growth measurements. So we're really looking at the long term here and trying to find areas where population growth is greater then recent price growth.

House/Apartment Ratio

We look for apartments in areas where the price gap with houses is large. This is a long term strategy where we believe, apartments will rise in value and close the gap relative to houses. Areas where the house price to apartment ratio exceeds 150% are generally attractive for apartment investors. 

Narrabundah

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Australia: 20 Meagher St Chippendale 2008

UK: 38 Chancery Lane, London WC2A 1EN

Call (02) 8880 7934 | SMS 0429 918 089

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