All Suburbs

Narromine

NSW 2821LGA: Narromine Shire

Investment Score

72

/100

AI Intelligence Summary

Narromine is a rural service town in NSW's Central West region, serving as a hub for surrounding agricultural areas. Located on the Mitchell Highway with rail connections to Sydney via Dubbo, the town offers a unique blend of aviation heritage, agricultural industry, and small-town lifestyle. Home to the Australian Gliding Museum and Narromine Airport, it attracts aviation enthusiasts while maintaining strong agricultural roots. The property market features affordable detached houses on large blocks, with limited unit development reflecting its rural character. Community amenities include local hospital, golf course, schools, and regular agricultural shows. The stable population of around 3,500 residents enjoys lower living costs compared to metropolitan areas, though faces challenges with limited employment diversity and distance from major centres. Infrastructure includes NBN internet, council water/sewerage services, and mobile coverage from major carriers. The town's strategic location and aviation facilities present opportunities for growth in recreational aviation and agritourism sectors.

Strengths

  • Strategic location on Mitchell Highway with rail connections
  • Unique aviation heritage and facilities including gliding museum
  • Strong agricultural base providing economic stability
  • Affordable property prices compared to metro areas

Opportunities

  • Growth in recreational aviation and tourism
  • Agritourism development potential
  • Infrastructure improvements supporting growth
  • Renewable energy projects in surrounding areas

Considerations

  • Limited employment diversity beyond agriculture
  • Distance from major metropolitan centres
  • Aging population and youth migration
  • Limited rental property supply

Property Market

Median House

$315K

+3.2% 1yr

Median Unit

$180K

+2.1% 1yr

Rent (House)

$290/wk

Rent (Unit)

$190/wk

Days on Market

85

Vacancy Rate

1.8%

Auction Clearance

55.0%

Price Growth

Type1 Year3 Year5 Year
House+3.2%+8.5%+15.2%
Unit+2.1%+6.2%+12.8%

Rental Yields

House Yield

4.8%

Unit Yield

5.5%

Investment Scorecard

Overall Investment Score72/100
Growth Potential68/100
Cashflow Score78/100
Risk Score (lower = safer)65/100
Affordability Index85/100

Demand/Supply Ratio: 1.20

Demand exceeds supply — favourable for sellers

Tax & Financial Intelligence

CPA-grade analysis for Narromine at median house price

Standard transfer
$9,195
First Home Buyer
Exempt

Save $9,195

Foreign buyer surcharge
$25,200

+8% surcharge

Annual rent income
$15,080

$290/wk

Interest (80% LVR @ 6.5%)
-$16,380
Other expenses (~2.5%)
-$7,875
Net rental position
-$9,175

Negatively geared

Tax benefit (39% MTR)
+$3,578

Reduces taxable income

After-tax holding cost
$5,597/yr

~$108/week

Based on 3.0% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR

5-Year Hold

Est. value
$365,881
Capital gain
$40,111
After discount
$20,055
CGT payable
$7,822

10-Year Hold

Est. value
$424,981
Capital gain
$99,211
After discount
$49,605
CGT payable
$19,346

Investor Quick Summary

Entry cost (stamp duty)

$9,195

After-tax yield

2.93%

Weekly holding cost

$108/wk

10yr CGT (est.)

$19,346

Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.

Demographics

Population

3,500

Median Age

45

Median Income

$52K

per annum

Family Households

68.0%

Professionals

25.0%

University Educated

18.0%

Unemployment

4.2%

Born Overseas

15.0%

Dwelling Mix

Houses: 88%Units: 8%Townhouses: 4%Total: 1,650

Lifestyle & Community

Walkability45/100
Public Transport3/10
Schools Rating6/10
Safety8/10
Family Friendly7/10
Cafes & Restaurants

8

Parks

5

Hospitals

1

Distance to CBD

365.0 km

Nearest Station: Narromine Railway Station

Relaxed country lifestyle with recreational aviation, golf, and agricultural events

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Data sourced from multiple sources. Last updated 28 March 2026.

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