BENDIGO 
1 MIN READ20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
Read More
Narre WarrenNarre Warren - SUBURB PROFILE REPORT
SHARE 
Property investors have seen a 2.5% gain in NARRE WARREN based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains NARRE WARREN, 3805 saw average growth in the long term.
The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $620,150
Profits averaged 1.12% per annum over a 3-year period, due to an upward trend in home prices in NARRE WARREN, 3805.
This means, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
The gross rental yield in NARRE WARREN, 3805 is 3.19%.
An average of 25.75 real estate transactions take place per month in NARRE WARREN which translates to 309 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $620,150 | $445,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.5% | -1.11% |
| Median 12 month | 5.11% | 2.3% |
| Median 3 years | 3.35% | 7.23% |
| Median 5 years | 40.94% | 39.06% |
| 10 years average annual | 5.56% | 4.67% |
| Weekly media advert. rent | $380 | $350 |
| Time on Market | 37.9 days | 52.0 days |
| Gross Rental Yield Percent | 3.19% | 4.09% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
