VIC has seen average median house prices change by 8.12% which means that Narre Warren South, 3805 has done well for property investors by showing a capital gain of 10.31% over the last year
Over the longer term, Narre Warren South has seen property prices show investors a 27.38% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Narre Warren South is $535000, with sellers offering an average of -3.41% off the asking price.
Narre Warren South, 3805’s gross rental yield is 3.84%
Narre Warren South,3805 was ranked 728 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Narre Warren South is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 9th in terms of most discounted suburbs in VIC
With the median price for a house in Narre Warren South being $387500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.83%