Narre Warren South has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.89% to date .
While Narre Warren South,3805 ranked number 372th in VIC for increase in median house value (annualised) increase, it is ranked 285th over the last 5 years.
Narre Warren South, 3805 is offering VIC ‘s 528th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
On average over the past year, suburb has had 34.17 sales per month, which equates to 410 per year.
Narre Warren South is 285th on a list of best yielding suburbs for rents in VIC with a 3.82% return
At number 755th in the list of Australian suburbs ordered by increase in median house value over the last year, Narre Warren South, 3805 is in the top half with a property value increase of 4.03% recorded in median house prices.
While Narre Warren South,3805 ranked number 277th in VIC for increase in median house value (annualised) increase, it is ranked 323th over the last 5 years.
Property investors looking for a bargain in Narre Warren South should be aiming for at least -7.18% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1152 in a list of fastest selling suburbs, Narre Warren South is in the bottom 30% of suburbs in Australia with an average of days on market 101 for properties listed there.
Situated 40.20km from the CBD, Narre Warren South is one of Casey localities in the postcode 3805.