Investment property in Narre Warren has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.62%
A 30.89% growth in median value for property investors in Narre Warren,3805 puts this suburb at number 360th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Narre Warren should be aiming for at least -3.37% off the asking price, which is the average vendor discount being achieved at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.81%, without taking into account capital value appreciation, which has been averaging out at 6.48%.
Property value increases in Narre Warren have tracked just higher than the VIC average of 3.19% over the last 12 months.
Across a shorter period, Narre Warren, 3805 has seen a median price increase of 0.76% over the last quarter.
Narre Warren3805 is located in VIC which offers an average discount of -5.14% to property investors. Narre Warren itself is showing figures that indicate -4.55% is the average achievable by property buyers investing in the suburb.