Over the last year, property investments in Narre Warren, 3805 have given investors a capital gain of 14.30%. This compares favourably with the 8.13% for VIC as a whole.
While Narre Warren,3805 ranked number 101th in VIC for increase in median house value (annualised) increase, it is ranked 238th over the last 5 years.
At number 540th of VIC’s most discounted properties, Narre Warren is in the TOP 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 34.42 sales per month, which equates to 413 per year.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
If you compare the increase in value of investment property in Narre Warren, 3805 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.75%.
Across a shorter period, Narre Warren, 3805 has seen a median price increase of 0.16% over the last quarter.
The most recent median price for Narre Warren is $320500, with sellers offering an average of -3.94% off the asking price.
Renters in Suburb are facing rents around $3660 per annum or $305 every week.