Over the last year, property investments in Narre Warren, 3805 have given investors a capital gain of 17.32%. This compares favourably with the 11.00% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Narre Warren,3805 has racked up an average of 17.32% over the period. This ranks it number 693th in the whole country for real estate investors looking at median house price increases.
Narre Warren, 3805 is offering VIC ‘s 466th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
With the median price for a house in Narre Warren being $551411 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.39%
Giving property investors a a stable capital gain of 8.35% for the last year, Narre Warren, 3805 is the 579th highest performer in Australia in this respect.
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 -1.49% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 37.30km from the CBD, Narre Warren is one of Casey localities in the postcode 3805.