Suburb Profile Report for Narre Warren North VIC (3804)

Narre Warren North House: Median price $970,000, Annual capital growth 8.30%, Number of sales 56, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Property investors who have had real estate in Narre Warren North, 3804 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 23.96%

Taking the average capital gain, or increase in median house value, Narre Warren North,3804 has racked up an average of 23.96% over the period. This ranks it number 1001th in the whole country for real estate investors looking at median house price increases.

Narre Warren North, 3804 is offering VIC ‘s 174th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.

With the median price for a house in Narre Warren North being $970000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 2.68%

Metrics i HOUSE UNIT
$970,000 N/A
12.46% N/A
23.96% N/A
8.30% N/A
$500 N/A
56 N/A
2.68% N/A
57.51 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Good (U)
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Demographics
Total population 6211
Median household income ($/weekly) 1961
Median age of persons 39
Median housing loan repayment ($/monthly) 2110
Average household size 3.5
  • Census Count Percent(%)
    5-14 years 972 15.6
    15-19 years 600 9.7
    35-44 years 867 14.0
    45-54 years 1079 17.4
    55-64 years 800 12.9
    Others 1894 30.5
    Age Group
    Census Count Percent(%)
    Registered Married 2819 62.3
    Not Married 1508 33.3
    Defacto Relationship 196 4.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4347 72.7
    Croatia 83 1.4
    Japan 155 2.6
    United Kingdom 287 4.8
    Other 358 6.0
    Others 751 12.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 117 2.0
    Christianity 4160 72.8
    Islam 215 3.8
    Other Religious Groups 62 1.1
    No Religion 1114 19.5
    Others 43 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 204 14.1
    $2,000-$2,499 200 13.9
    $2,500-$2,999 162 11.2
    $3,000-$3,499 152 10.5
    $4,000 or more 122 8.5
    Others 603 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1963 41.0
    Not in the labour force 1463 30.5
    Employed, worked part-time 1053 22.0
    Employed, away from work 202 4.2
    Unemployed, looking for work 112 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 505 15.7
    Professionals 492 15.3
    Technicians & trades workers 552 17.1
    Clerical & administrative workers 539 16.7
    Sales 343 10.6
    Others 793 24.6
    Occupation
    Census Count Percent(%)
    Pre-school 88 5.0
    Infants/Primary 608 34.6
    Secondary 619 35.3
    Technical or Further Educational Institution 144 8.2
    University or other Tertiary Institutions 251 14.3
    Others 46 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5778 99.2
    Semi-detached, row or terrace house, townhouse 43 0.7
    House or flat attached to a shop, office 4 0.1
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 909 55.5
    Fully owned 654 40.0
    Rented 66 4.0
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals