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Narre Warren
AREA REPORTS

Narre Warren

Narre Warren - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3805

house
unit

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.

Data report can be found below

Narre Warren
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%
demographics (median values)*
Total Population
56933
Weekly Household Income
1624
Household Size
3.20
Age
34
Monthly Loan Repayment
1700
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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