VIC/
Narre warren north

Suburb Profile

Narre Warren North - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3804

house

Property investors enjoyed capital gains of 17.8% over the last 12 months in NARRE WARREN NORTH, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in NARRE WARREN NORTH are low, as opposed to average gains per annum over the past five years.

The suburb posted a 44.72% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

On average, rents on listings have reached the $500 mark, reflecting a 2.53% increase in returns based on the current median price in NARRE WARREN NORTH.

NARRE WARREN NORTH, 3804 ranks 161st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 463rd on the list of best yielding suburbs for rental properties in VIC, posting a 2.53% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,027,500 N/A
GROWTH REPORT
Median Quarterly 2.96% N/A
Median 12 month 17.8% N/A
Median 3 years 44.72% N/A
Median 5 years 40.75% N/A
10 years average annual 6.93% N/A
Weekly media advert. rent $500 N/A
Time on Market 51.6 days N/A
Gross Rental Yield Percent 2.53% N/A
demographics (median values)
Total Population
4996
Weekly Household Income
1671
Household Size
3.60
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