Narre Warren, 3805 ranked 220th in VIC when comparing growth in median property values or capital gain over the last 12 months. Narre Warren is one of 2098 in our list for VIC
If we look at median property appreciation over just the last three months, Narre Warren has given property investors a paper return of 3.08%. This puts Suburb as 211 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Narre Warren is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 478th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.76%, investors should hope to achieve an overall return of 3.69%
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 7.40%
While Narre Warren,3805 ranked number 108th in VIC for increase in median house value (annualised) increase, it is ranked 148th 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 -2.60% is being offered, which puts this VIC suburb at 1388th most discounted overall in Australia.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.