What is the true cost of buying an apartment in Narrandera?

The median apartment in Narrandera is $180,000. Including stamp duty ($4,470), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $23,420, or $1,952/month.

What does it really cost to buy a house in Narrandera?

The median house in Narrandera is $280,000. True first-year cost including stamp duty ($7,970), rates, insurance, maintenance, and mortgage repayments is approximately $23,492.

What is the vacancy rate in Narrandera?

Narrandera currently has a vacancy rate of 2.8%. Properties average 120 days on market.

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True Cost of Buying in Narrandera

2700 NSW · 550km to CBD

Stable

A decision, not just a search · Narrandera

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

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What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

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Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Narrandera, a charming town nestled in the Riverina region of NSW, presents a compelling blend of idyllic country living and emerging investment potential. With a population of approximately 4,500, it offers a close-knit community feel, making it attractive to those seeking a slower pace of life away from the urban hustle. The lifestyle here is characterized by its strong connection to agriculture and natural beauty, with the Murrumbidgee River providing recreational opportunities. Its walkability score of 65/100 suggests a town where amenities are reasonably accessible on foot, contributing to a healthy and active lifestyle. Education is well-supported with a school rating of 7.0/10, ensuring good options for families, while a high safety score of 8.0/10 provides peace of mind for residents. From a property market perspective, Narrandera stands out as an affordable entry point into the NSW market. A median house price of $280,000 and units at $180,000 are significantly lower than state averages, offering excellent value. The investment score of 72/100 and growth potential of 65/100 indicate a market with positive momentum, albeit in a regional context. Investors will be particularly drawn to the healthy rental yield of 5.8% and a manageable vacancy rate of 2.8%, suggesting strong tenant demand relative to supply. While its distance from Sydney CBD (550km) positions it as a regional hub rather than a commuter town, this very characteristic is part of its appeal for those seeking affordability and a community-centric lifestyle. Narrandera represents a solid opportunity for both owner-occupiers looking for an affordable and safe community, and investors seeking attractive returns in a growing regional centre.

Highly affordable property prices for both houses and units.Strong rental yield of 5.8% offering attractive investor returns.Low vacancy rate of 2.8% indicating healthy tenant demand.High safety rating (8.0/10) contributing to a desirable living environment.Good school options (7.0/10) for families.

Market Snapshot

Median House

$280K

+3.2% 1yr

Median Apartment

$180K

+2.8% 1yr

Median Townhouse

$220K

Vacancy Rate

2.8%

120 avg DOM

Yield (Apartment)

6.2%

Yield (House)

5.8%

Auction Clearance

65%

Population

4,500

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$1,952/mo

Purchase Price

$180,000

Stamp Duty

$4,470

1st Year Total

$23,420

House

$1,958/mo

Purchase Price

$280,000

Stamp Duty

$7,970

1st Year Total

$23,492

Townhouse

$1,954/mo

Purchase Price

$220,000

Stamp Duty

$5,870

1st Year Total

$23,444

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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