Over the last year, property investments in Narre Warren, 3805 have given investors a capital gain of 17.71%. This compares very favourably with the 8.91% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Narre Warren comes in at number 43th in VIC.
The most recent median price for Narre Warren is $631500, with sellers offering an average of -3.76% off the asking price.
With the median price for a house in Narre Warren being $631500 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.05%
If you compare the increase in value of investment property in Narre Warren, 3805 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.62%.
Narre Warren,3805 was ranked 251 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Narre Warren is offering property investors an average of -4.60. This rate of discount on properties puts Suburb at number 113th in terms of most discounted suburbs in VIC
Property investors should expect to get $325 weekly from the median priced house in this suburb.