Narre Warren

POSTAL CODE: VIC, 3805

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Property investors have seen a 2.37% 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 $800,000

Profits averaged 2.67% 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 $560 based on current median home prices for the suburb.

The gross rental yield in NARRE WARREN, 3805 is 3.64%.

An average of 36.42 real estate transactions take place per month in NARRE WARREN which translates to 437 per annum.

Property investments in NARRE WARREN fare well against the rest of the country last year, registering a median home price increase of 7.14%.

Figures from the previous quarter show that capital gains for real estate buyers in NARRE WARREN are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains NARRE WARREN, 3805 saw average growth in the long term.

This means, real estate investors could earn a rental income of $512.5 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In NARRE WARREN, homes and units usually stay on listing for an average of 43.9 days.

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 $600,000

Investors saw the median home price rise to $600,000.

NARRE WARREN ranks 195th on the list of best yielding suburbs for rental properties in VIC, posting a 4.44% return.

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