Suburb Profile Report for Narre Warren South VIC (3805)

Narre Warren South House: Median price $590,000, Annual capital growth 6.97%, Number of sales 434, Weekly median advertised rent $400

Narre Warren South Unit: Median price $402,500, 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

Property value increases in Narre Warren South have tracked just higher than the VIC average of 11.00% over the last 12 months.

The five-year average increase in median property values for Narre Warren South,3805 has given property investors a potential capital gain of 47.50% across each of those five years.

Narre Warren South3805 is located in VIC which offers an average discount of -5.26% to property investors. Narre Warren South itself is showing figures that indicate -3.35% is the average achievable by property buyers investing in the suburb.

Narre Warren South, 3805’s gross rental yield is 3.53%

Narre Warren South,3805 was ranked 637 in Australia by increase in median property value over the quarter.

The most recent median price for Narre Warren South is $402500, with sellers offering an average of -7.18% off the asking price.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$590,000 $402,500
5.36% 1.90%
17.76% N/A
6.97% N/A
$400 $360
434 12
3.53% 4.65%
26.45 94.18

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (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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