Narre Warren South

POSTAL CODE: VIC, 3805

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 5.59% capital gain.

Property investors in NARRE WARREN SOUTH enjoyed capital gains of 4.29% 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 $850,000.

Profits due to an upward trend in home prices there averaged 1.86% 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 36.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $610 mark, reflecting a 3.73% increase in returns based on the current median price in NARRE WARREN SOUTH.

NARRE WARREN SOUTH, 3805 places 271st in Australia based on median property value growth during the quarter.

Property investors in NARRE WARREN SOUTH enjoyed capital gains of 11.38% over the last 12 months translating to lower returns compared with its peers in the territory.

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

NARRE WARREN SOUTH posted a 9.6% 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 N/A based on current median home prices for the suburb.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in NARRE WARREN SOUTH.

NARRE WARREN SOUTH, 3805 ranks 58th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

NARRE WARREN SOUTH ranks 404th on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$850,000	$685,000
Growth Report
Median Quarterly	2.41%	0.74%
Median 12 month	4.29%	11.38%
Median 3 years	5.59%	9.6%
Median 5 years	28.3%	0%
10 years average annual	6.1%	6.77%
Weekly media advert. rent	$610	N/A
Time on Market	36.6 days	41.2 days
Gross Rental Yield Percent	3.73%	0%

Demographics (Median Values)*

Total Population 56933

Weekly Household Income 1624

Household Size 3.20

Average Age 34

Monthly Loan Repayment 1700

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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