Suburb Profile Report for Narre Warren North VIC (3804)

Narre Warren North House: Median price $998,000, Annual capital growth 7.89%, Number of sales 49, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report

Property value increases in Narre Warren North have tracked higher than the VIC average of 9.04% over the last 12 months.

Across a shorter period, Narre Warren North, 3804 has seen a median price increase of 12.13% over the last quarter.

Vendor discounting in Narre Warren North is giving property investors an average Vendor Discount of around -6.20%. This puts suburb at number 206th in VIC when ranking the most discounted suburbs.

Residents and property investors in Narre Warren North have been waiting around 51.47 days to sell a property.

Narre Warren North is 470th on a list of best yielding suburbs for rents in VIC with a 2.61% return

Metrics i HOUSE UNIT
$998,000 N/A
12.13% N/A
27.13% N/A
7.89% N/A
$500 N/A
49 N/A
2.61% N/A
51.47 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (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