Land Price: $310,000 Approx. Rent: $590 Approx. Rental Yield:4.4 % Est. reg date: 30/06/2023 House Name: Ridgewood 173 Mod Facade: F3 House Size:174 sqm Land Size:280 sqm Deposit Terms:Land Deposit - $1,000 initial deposit. Balance 10% at Unconditional Build Deposit - 5% at Unconditional FIRB Allowed:Yes * The Rental Yield calculations above are current at the time of publishing, calculated using the Approx. Rent amount.
Market Report
Narangba has 559 houses available for sale. The median property price for a house is currently $733,500 with annual capital growth of 34.60%. There were 514 house sales in the past 12 months. On average, houses spend 12 days on market. If you're thinking about buying an investment property in Narangba, consider that rental yields for houses are currently3.74% with an average median rent of $510 weekly. Houses have seen 6.30% growth in the past quarter, and 34.60% growth in the past 12 months.
The size of Narangba is approximately 43.3 square kilometres. It has 61 parks covering nearly 3.7% of total area. The population of Narangba in 2011 was 16,223 people. By 2016 the population was 18,584 showing a population growth of 14.6% in the area during that time. The predominant age group in Narangba is 10-19 years.
Households in Narangba are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narangba work in a trades occupation. In 2011, 76.9% of the homes in Narangba were owner-occupied compared with 73.9% in 2016.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.