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 16.30%
Across a shorter period, Narre Warren, 3805 has seen a median price increase of 4.90% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Narre Warren is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 359th in terms of most discounted suburbs in VIC
Property value increases in Narre Warren have tracked just higher than the VIC average of 4.79% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Narre Warren comes in at number 108th in VIC.
Our latest figures would indicate that property sellers in Narre Warren are currently offering property investors an average price cut of -2.06% below the asking price at the moment.
With the median price for a house in Narre Warren being $355000 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 4.61%