Narre Warren has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.33% to date .
Narre Warren,3805 has offered an average of 13.33% return per annum in house price rises to property investors over the last three years.
Narre Warren3805 is located in VIC which offers an average discount of -5.80% to property investors. Narre Warren itself is showing figures that indicate -4.22% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Narre Warren have been waiting around 33.85 days to sell a property.
Narre Warren, 3805’s gross rental yield is 3.67%
With a capital gain of 9.29% for the last 12 months, Narre Warren, 3805 has performed for property investments than its average annual 5.22% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Narre Warren has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Narre Warren should be aiming for at least -2.94% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Narre Warren being $350000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.61%