Homeowners and real estate investors betting on NARRE WARREN SOUTH, 3805 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.78%.
A steady increase in median property prices over a five-year period in the suburb translates to a 43.82% capital gain.
Property investors in NARRE WARREN SOUTH enjoyed capital gains of 15.78% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $640,000.
Profits due to an upward trend in home prices there averaged 14.61% per annum over a 3-year period.
Home owners selling their properties and realtors in NARRE WARREN SOUTH usually have to wait an average of 32.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $400 mark, reflecting a 3.25% increase in returns based on the current median price in NARRE WARREN SOUTH.
NARRE WARREN SOUTH, 3805 places 358th in Australia based on median property value growth during the quarter.
Property investors in NARRE WARREN SOUTH enjoyed capital gains of 12.63% over the last 12 months translating to lower returns compared with its peers in the territory.
NARRE WARREN SOUTH posted a 16.46% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $367.5 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $367.5 mark, reflecting a 4.46% increase in returns based on the current median price in NARRE WARREN SOUTH.
NARRE WARREN SOUTH, 3805 ranks 131st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
NARRE WARREN SOUTH ranks 113th on the list of best yielding suburbs for rental properties in VIC, posting a 4.46% return.
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