5 Pearson Place

The Narrows NT 0820

The size of The Narrows is approximately 0.3 square kilometres. It has 1 park covering nearly 7.8% of total area. The population of The Narrows in 2011 was 631 people. By 2016 the population was 610 showing a population decline of 3.3% in the area during that time. The predominant age group in The Narrows is 40-49 years. Households in The Narrows are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in The Narrows work in a trades occupation. In 2011, 41.5% of the homes in The Narrows were owner-occupied compared with 43.8% in 2016.

The Narrows has 266 properties. Over the last 5 years, Houses in The Narrows have seen a 20.84% increase in median value, while Units have seen a 44.01% increase. As at 31 October 2024:

• The median value for Houses in The Narrows is $688,172 while the median value for Units is $354,425.
• Houses have a median rent of $425 while Units have a median rent of $380.