Narre Warren North

POSTAL CODE: VIC, 3804

HOUSE

Property investors enjoyed capital gains of 7.69% over the last 12 months in NARRE WARREN NORTH, translating to higher 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 6.67% 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 $715 based on current median home prices for the suburb.

On average, rents on listings have reached the $715 mark, reflecting a 2.21% increase in returns based on the current median price in NARRE WARREN NORTH.

NARRE WARREN NORTH, 3804 ranks 234th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 555th on the list of best yielding suburbs for rental properties in VIC, posting a 2.21% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,680,000	N/A
Growth Report
Median Quarterly	5.66%	N/A
Median 12 month	7.69%	N/A
Median 3 years	6.67%	N/A
Median 5 years	28.49%	N/A
10 years average annual	7.75%	N/A
Weekly media advert. rent	$715	N/A
Time on Market	68 days	N/A
Gross Rental Yield Percent	2.21%	N/A

Demographics (Median Values)*

Total Population 8094

Weekly Household Income 2165

Household Size 3.40

Average Age 41

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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