Narwee, NSW

Narwee, NSW Property Market Overview

Narwee, postcode 2209, is a well-established residential suburb located in Sydney, New South Wales. Our data spans 35 years, tracking 2,835 recorded property sales. The current median property price across all dwelling types in Narwee is $1,260,000.

Narwee offers a mix of housing options, from apartments to detached houses, catering to a diverse range of residents. The median house price currently sits at $1,616,250, while the median apartment price is $810,000. Its convenient location and access to amenities make Narwee a popular choice for families and professionals. The suburb's long-term growth trajectory reflects its enduring appeal in the Sydney property market.

Living in Narwee, NSW

Narwee offers a family-friendly lifestyle with access to various amenities. Local schools include Narwee Public School and nearby Beverly Hills Girls High School. The suburb is serviced by Narwee train station, providing convenient access to the Sydney CBD.

Residents can enjoy local parks such as Narwee Park, offering green spaces for recreation. Shopping facilities are available at the local shopping strip on Broad Arrow Road and nearby Roselands Shopping Centre, providing a range of retail and dining options. Narwee has a community feel, with local events and activities fostering a strong sense of belonging.

The suburb boasts a diverse community, with a mix of long-term residents and newer families drawn to its affordability and convenient location.

Who Buys in Narwee?

Narwee attracts a diverse range of buyers, including families, first home buyers, and investors. The relatively more affordable apartment options, with a median price of $810,000 and a strata percentage of 36.3%, appeal to first home buyers and investors. The presence of reputable schools also makes Narwee attractive to families.

The median house price of $1,616,250 suggests that established families and those looking to upgrade their living arrangements are also drawn to the suburb. The historical growth rates, as evidenced by the CAGRs, also appeal to buyers seeking long-term capital appreciation.

Market Analysis

Currently, the Narwee property market is assessed as being near its long-term trend, indicating fair value. This suggests that property prices in Narwee are aligned with historical performance and broader market conditions.

This 'fair value' cycle position means that the suburb is not experiencing significant price deviations from its historical growth trajectory. While market dynamics can shift, this current assessment indicates a relatively stable and balanced property market in Narwee, as of early 2026.

Is Narwee a Good Investment?

Narwee presents an interesting case for property value growth, driven by its location, amenities, and diverse housing options. The suburb's proximity to the Sydney CBD, coupled with its established infrastructure, makes it an attractive place to live.

The historical growth rates, with a 10-year CAGR of 3.2%, a 20-year CAGR of 5.4%, and a full-period CAGR of 6.9%, indicate long-term value appreciation. While the market is currently assessed as being near its long-term trend, indicating fair value, the suburb's underlying fundamentals support continued growth potential. The mix of houses and apartments also provides options for different investment strategies. The 35 years of sales data provides a robust history of property performance in Narwee.

The appeal to families and first home buyers contributes to the ongoing demand for property in Narwee, fostering a stable and resilient market.

Narwee Market Outlook

As of early 2026, the Narwee property market is assessed as being near its long-term trend, indicating fair value. Recent price trends suggest a relatively stable market, with property values aligned with historical performance.

The suburb's underlying fundamentals, including its location, amenities, and diverse housing options, continue to support its appeal. While market conditions can change, the current assessment suggests a balanced and resilient property market in Narwee.

Streets & Location in Narwee, NSW

Narwee, with postcode 2209, comprises 83 streets. Some of the streets with higher median property prices include Mercury St, Grove Ave, and Berrille Rd. These streets often feature larger blocks or more desirable aspects within the suburb.

Located within easy reach of major transport routes, Narwee offers good connectivity to other parts of Sydney. The suburb's established residential character and proximity to local amenities make it an attractive location for a variety of buyers.

Market Dynamics

Properties in Narwee typically take an average of 57 days to settle, reflecting a relatively efficient transaction process. This timeframe is indicative of the current level of buyer demand and market activity in the area.

Data on quick-flip percentages is not available for Narwee. However, the settlement timeframe provides insights into the pace of transactions and overall market liquidity.

Development & Density

Narwee has a mix of housing types, with 29 apartment buildings contributing to its overall density. The strata (apartment) percentage of 36.3% indicates a significant proportion of higher-density living options in the suburb. This mix caters to a range of lifestyles and budgets.

The existing development density in Narwee reflects a balance between traditional housing and more modern apartment living. This diversity contributes to the suburb's appeal and affordability for a wide range of residents.

Growth & Property Mix

Over the long term, Narwee has demonstrated consistent property value growth. The 10-year Compound Annual Growth Rate (CAGR) is 3.2%, while the 20-year CAGR is 5.4%. Looking at the full 35-year period of our data, the CAGR stands at 6.9%. The property mix in Narwee includes a notable 36.3% of strata-titled apartments, indicating a significant portion of higher-density living options alongside more traditional houses.