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

The median apartment in Narwee is $680,000. Including stamp duty ($25,130), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $53,756, or $4,480/month.

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

The median house in Narwee is $1,180,000. True first-year cost including stamp duty ($47,630), rates, insurance, maintenance, and mortgage repayments is approximately $82,604.

What is the vacancy rate in Narwee?

Narwee currently has a vacancy rate of 1.8%. Properties average 32 days on market.

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True Cost of Buying in Narwee

2209 NSW · 17km to CBD

Stable

A decision, not just a search · Narwee

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

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
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

Narwee is a well-established residential suburb located 17km south-west of Sydney CBD in the Canterbury-Bankstown local government area. This multicultural community offers excellent value for families and first-home buyers, with a diverse mix of housing types including detached homes, townhouses, and units. The suburb benefits from direct rail access to Sydney CBD via Narwee Railway Station on the T3 Bankstown Line, making it attractive for commuters. Narwee features strong community amenities including Narwee Public School, local parks, sporting clubs, and proximity to the Georges River for recreational activities. The area maintains a family-friendly atmosphere with access to nearby shopping precincts in Riverwood and Beverly Hills. Property values have shown steady growth, supported by the suburb's affordability relative to inner Sydney, transport connectivity, and established infrastructure. The diverse population includes significant overseas-born residents, creating a vibrant multicultural environment. With planned transport improvements and ongoing development in the broader South West Sydney region, Narwee presents solid investment potential while maintaining its community character and lifestyle appeal.

Direct rail connection to Sydney CBD via Narwee Railway StationAffordable housing options compared to inner Sydney suburbsStrong multicultural community with established amenitiesFamily-friendly environment with quality local schoolsProximity to Georges River and recreational facilities

Market Snapshot

Median House

$1.2M

+7.2% 1yr

Median Apartment

$680K

+6.5% 1yr

Median Townhouse

$920K

Vacancy Rate

1.8%

32 avg DOM

Yield (Apartment)

4.2%

Yield (House)

3.8%

Auction Clearance

72%

Population

4,200

True Cost Breakdown

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

Apartment

$4,480/mo

Purchase Price

$680,000

Stamp Duty

$25,130

1st Year Total

$53,756

House

$6,884/mo

Purchase Price

$1,180,000

Stamp Duty

$47,630

1st Year Total

$82,604

Townhouse

$5,494/mo

Purchase Price

$920,000

Stamp Duty

$35,930

1st Year Total

$65,924

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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