Question 1

Is North Narrabeen a nice place to live?

Accepted Answer

North Narrabeen is a delightful coastal suburb that offers a serene and relaxed lifestyle, making it a fantastic place to live. Nestled on Sydney's Northern Beaches, it boasts a charming blend of natural beauty and modern amenities. The suburb is known for its vibrant community atmosphere, where families find a nurturing environment to thrive. With its stunning coastline, North Narrabeen provides a picturesque backdrop for daily life, and the iconic North Narrabeen Beach is a haven for surfers and beachgoers alike. The tranquil Narrabeen Lagoon offers opportunities for kayaking and picnics, adding to the suburb's appeal for outdoor enthusiasts.

Families will find North Narrabeen particularly appealing due to its strong community spirit and access to essential amenities. The suburb is well-served by local shops and cafes, ensuring that residents have everything they need close at hand. Safety is generally not a major concern, contributing to the suburb's family-friendly vibe. While North Narrabeen offers a peaceful lifestyle, it is important to note that it may lack the bustling nightlife and cultural scene of inner-city areas. However, this trade-off is often seen as a positive by those seeking a quieter, more relaxed way of life.

One of the trade-offs of living in North Narrabeen is its distance from Sydney's CBD, which may require a longer commute for those working in the city. However, this is balanced by the suburb's stunning natural surroundings and the sense of community that permeates the area. For families and individuals who value a coastal lifestyle with easy access to outdoor activities, North Narrabeen is a wonderful choice. Its established community and limited housing supply contribute to a stable property market, making it an attractive option for those looking to settle down in a beautiful and welcoming environment.

Question 2

Is it expensive to live in North Narrabeen?

Accepted Answer

Living in North Narrabeen can be quite expensive, especially when considering the property market. The current median house price is a significant $2,259,000, which is on the higher end compared to many other Sydney suburbs. For renters, the average rent for houses is about $1,150 per week, while units, although not as prevalent, average around $863 per week. These figures suggest that housing costs in North Narrabeen are substantial.

When we compare the local wages, the median total household income in North Narrabeen is $2,711 per week, which is relatively high and aligns with Sydney's average annual salary of $85,000. However, even with this income level, the high property prices and rents mean that a large portion of income would need to be allocated to housing. This makes living in North Narrabeen less affordable for those earning an average salary in Sydney.

Overall, while North Narrabeen offers a beautiful beachside lifestyle and a close-knit community, the cost of living, particularly in terms of housing, is quite high. If you are thinking of living in North Narrabeen, it's important to carefully evaluate your financial situation to ensure it can accommodate the expenses associated with this desirable suburb.

Question 3

Is North Narrabeen a good place to invest?

Accepted Answer

North Narrabeen presents an intriguing opportunity for property investors, particularly those interested in rental income. Over the past year, the suburb has seen a notable 6.4% increase in median house values, indicating a healthy demand for housing. While unit values have remained stable, the rental market tells a different story. Rents for houses have surged by 15.0%, and units have seen an even more impressive 23.3% increase. This suggests a strong demand for rental properties, making North Narrabeen an attractive option for investors seeking rental yield.

The suburb's coastal charm and lifestyle appeal make it a desirable location for both renters and buyers. Its proximity to beautiful beaches and natural reserves adds to its allure, attracting a diverse range of residents. While capital growth for units has been flat, the significant rise in rental prices indicates a robust rental market, which can provide consistent income for investors. Overall, North Narrabeen offers a promising mix of capital growth potential for houses and strong rental returns for both houses and units, making it a compelling choice for property investment.

	Houses	Units
Median price Past 3 months	$2.15M	N/A
Change in value Past 12 months	8.4%	N/A
Sold Past 3 months	19	2
Median days on market Past 12 months	36	N/A
Average rent Past 12 months	$1175	$790
Change in rent Past 12 months	15.8%	6.8%

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