Suburb Profile Report for Narre Warren South VIC (3805)

Narre Warren South House: Median price $537,800, Annual capital growth 6.09%, Number of sales 410, Weekly median advertised rent $395

Narre Warren South Unit: Median price $387,500, Annual capital growth 4.32%, Number of sales 10, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$537,800 $387,500
1.47% -1.90%
10.89% 4.03%
6.09% 4.32%
$395 $365
410 10
3.82% 4.90%
34.91 101

Source: CoreLogic

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