Suburb Profile Report for Narre Warren North VIC (3804)

Narre Warren North House: Median price $1,027,500, Annual capital growth 6.93%, Number of sales 40, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report

Investment property in Narre Warren North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.80%

A 40.75% growth in median value for property investors in Narre Warren North,3804 puts this suburb at number 286th in terms of best performing suburbs in VIC

At number 268th of VIC’s most discounted properties, Narre Warren North is in the middle of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $500 mark per week – giving a return of 2.53% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,027,500 N/A
2.96% N/A
17.80% N/A
6.93% N/A
$500 N/A
40 N/A
2.53% N/A
51.65 N/A

Source: CoreLogic

DSR Score for property investment : Very good (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
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Recent sales & rentals