AREA REPORTS

Narre Warren

 

 

VIC/
Narre warren

Suburb Profile

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

house
unit

Property investors have seen a -1.61% drop in NARRE WARREN based on a decrease 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 $610,000

Profits averaged 13.95% 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 3.24%.

An average of 27.67 real estate transactions take place per month in NARRE WARREN which translates to 332 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $610,000 $420,000
GROWTH REPORT
Median Quarterly -1.61% -1.64%
Median 12 month 3.04% 2.44%
Median 3 years 41.86% 31.25%
Median 5 years 64.86% 41.77%
10 years average annual 7.67% 6.37%
Weekly media advert. rent $380 $340
Time on Market 40.9 days 48.1 days
Gross Rental Yield Percent 3.24% 4.21%
demographics (median values)
Total Population
25662
Weekly Household Income
1078
Household Size
3.00
demographics
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