Narraweena is the peninsula’s most affordable suburb besides Scotland Island in Pittwater. Families seek out Narraweena for its price and its convenience-people working in North Sydney or the city can commute with ease and Dee Why and the beach is a good walk away.
Settled after the World War II, Narraweena was beloved by European migrants who bought up property as an investment. Even now more than 30 per cent of the suburb’s population are renting.
More recently there has been a spate of renovations as families have discovered the suburb’s big blocks, averaging 600sq m each, and the potential to replace single storey cottages with new two storey homes that can capture a view of the ocean.
There are two long established shopping centres, two primary schools and an extensive park with soccerr fields, youth centre and tennis centre on it.
Numerous cul-de-sacs and private pockets are a feature of Narraweena so there are many addresses where it is safe for children and where there are only a handful of houses in a road.
Entry level streets include Warringah Rd and Alfred St, while the most expensive and sought-after streets are Rayner Ave and Consul Rd where there is potential for ocean views.
The record for the suburb is 14 Keith Payne VC Pl. set in a 12 year old subdivision, it sold for $1.43 million in April 2010.
Narraweena houses have experienced 17.1% capital growth over 5 years.
Source: Manly daily June 09 2012