Narre Warren has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.64% to date .
A 35.36% growth in median value for property investors in Narre Warren,3805 puts this suburb at number 229th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Narre Warren are currently offering property investors an average price cut of -3.82% below the asking price at the moment.
Narre Warren, 3805’s gross rental yield is 3.71%
Over the last year, property investments in Narre Warren, 3805 have given investors a capital gain of 5.31%. This compares favourably with the 2.98% for VIC as a whole.
While Narre Warren,3805 ranked number 103th in VIC for increase in median house value (annualised) increase, it is ranked 159th over the last 5 years.
Property investors looking for a bargain in Narre Warren should be aiming for at least -3.04% off the asking price, which is the average vendor discount being achieved at the moment.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.78%, without taking into account capital value appreciation, which has been averaging out at 5.04%.