Suburb Profile
Narre Warren - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3805
Property investors have seen a 3.35% 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 20.29%.
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 $625,500
Profits averaged 19.45% 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 $370 based on current median home prices for the suburb.
The gross rental yield in NARRE WARREN, 3805 is 3.08%.
An average of 34.5 real estate transactions take place per month in NARRE WARREN which translates to 414 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $625,500 | $408,050 |
| GROWTH REPORT | ||
| Median Quarterly | 3.35% | 2.59% |
| Median 12 month | 20.29% | 14.14% |
| Median 3 years | 58.35% | 39.62% |
| Median 5 years | 73.75% | 35.12% |
| 10 years average annual | 8.49% | 6.28% |
| Weekly media advert. rent | $370 | $320 |
| Time on Market | 33.8 days | 27.6 days |
| Gross Rental Yield Percent | 3.08% | 4.08% |
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