Property investors who have had real estate in Narre Warren, 3805 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.40%
Comparing Narre Warren,3805 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Narre Warren itself are offering an average vendor discount of -4.07% to real estate investors.
Giving property investors a a stable capital gain of 7.97% for the last year, Narre Warren, 3805 is the 516th highest performer in Australia in this respect.
The five-year average increase in median property values for Narre Warren,3805 has given property investors a potential capital gain of 17.96% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Narre Warren is offering property investors an average of -5.07. This rate of discount on properties puts Suburb at number 305th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Narre Warren the average time real estate has been on the market is 49.52 days.
Narre Warren, 3805’s gross rental yield is 4.67%