Narre Warren is in the TOP 20% in VIC when comparing median price capital growth over the last year. Narre Warren gave property investors a very good capital gain figure when compared to the rest of the state, with 16.78%.
Over the longer term, Narre Warren has seen property prices show investors a 39.85% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Narre Warren are currently offering property investors an average price cut of -4.55% below the asking price at the moment.
Situated 37.48km from the CBD, Narre Warren is one of Casey localities in the postcode 3805.
VIC has seen average median house prices change by 4.83% which means that Narre Warren, 3805 has done well for property investors by showing a capital gain of 9.20% over the last year
While Narre Warren,3805 ranked number 232th in VIC for increase in median house value (annualised) increase, it is ranked 179th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Narre Warren, 3805. Typically our figures indicate that -2.38% is being offered, which puts this VIC suburb at 1367th most discounted overall in Australia.
Advertised rents are around the $315 mark per week – giving a return of 4.68% based on the median price in Suburb