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Narre WarrenNarre Warren - SUBURB PROFILE REPORT
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Property investors have seen a 3.52% gain in NARRE WARREN based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on NARRE WARREN, 3805 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 14.63%.
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 $705,000
Profits averaged 5.51% 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 $400 based on current median home prices for the suburb.
The gross rental yield in NARRE WARREN, 3805 is 2.95%.
An average of 37.75 real estate transactions take place per month in NARRE WARREN which translates to 453 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $705,000 | $511,695 |
| GROWTH REPORT | ||
| Median Quarterly | 3.52% | 5.5% |
| Median 12 month | 14.63% | 12.46% |
| Median 3 years | 16.53% | 20.12% |
| Median 5 years | 43.88% | 46.2% |
| 10 years average annual | 7.13% | 5.88% |
| Weekly media advert. rent | $400 | $367.5 |
| Time on Market | 26.6 days | 45.1 days |
| Gross Rental Yield Percent | 2.95% | 3.73% |
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