Suburb Profile Report for Narre Warren South VIC (3805)

Narre Warren South House: Median price $535,000, Annual capital growth 6.04%, Number of sales 416, Weekly median advertised rent $395

Narre Warren South Unit: Median price $387,500, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$535,000 $387,500
2.88% 1.04%
10.31% N/A
6.04% N/A
$395 $360
416 12
3.84% 4.83%
35.75 93.9

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 28595
Median household income ($/weekly) 1590
Median age of persons 31
Median housing loan repayment ($/monthly) 1811
Average household size 3.4
  • Census Count Percent(%)
    0-4 years 2515 8.8
    5-14 years 5457 19.1
    25-34 years 3674 12.8
    35-44 years 5320 18.6
    45-54 years 3909 13.7
    Others 7720 27.0
    Age Group
    Census Count Percent(%)
    Registered Married 11651 59.0
    Not Married 6801 34.4
    Defacto Relationship 1298 6.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 18091 65.2
    Indonesia 1225 4.4
    Sri Lanka 866 3.1
    United Kingdom 1218 4.4
    Other 2972 10.7
    Others 3365 12.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 930 3.5
    Christianity 17113 64.0
    Hinduism 738 2.8
    Islam 2053 7.7
    No Religion 5430 20.3
    Others 490 1.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 746 10.1
    $1,250-$1,499 803 10.9
    $1,500-$1,999 1372 18.7
    $2,000-$2,499 1067 14.5
    $2,500-$2,999 703 9.6
    Others 2660 36.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 9074 45.2
    Not in the labour force 5542 27.6
    Employed, worked part-time 3897 19.4
    Employed, away from work 827 4.1
    Unemployed, looking for work 724 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1555 11.3
    Professionals 1906 13.8
    Technicians & trades workers 2280 16.5
    Clerical & administrative workers 2425 17.6
    Sales 1521 11.0
    Others 4112 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 651 7.4
    Infants/Primary 3527 40.3
    Secondary 2773 31.7
    Technical or Further Educational Institution 716 8.2
    University or other Tertiary Institutions 819 9.4
    Others 262 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 26165 93.7
    Semi-detached, row or terrace house, townhouse 1688 6.0
    Flat, unit or apartment 57 0.2
    House or flat attached to a shop, office 5 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 5459 67.8
    Fully owned 1500 18.6
    Rented 1071 13.3
    Other tenure type 24 0.3
    Tenure Type
Census 2011, ABS
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