Narre Warren is in the TOP 20% in VIC when comparing median price capital growth over the last year. Narre Warren gave property investors a very good capital gain figure when compared to the rest of the state, with 23.06%.
While Narre Warren,3805 ranked number 221th in VIC for increase in median house value (annualised) increase, it is ranked 190th over the last 5 years.
The most recent median price for Narre Warren is $605000, with sellers offering an average of -3.77% off the asking price.
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 16.47%.
While Narre Warren,3805 ranked number 207th in VIC for increase in median house value (annualised) increase, it is ranked 160th over the last 5 years.
Our latest figures would indicate that property sellers in Narre Warren are currently offering property investors an average price cut of -1.63% below the asking price at the moment.
At number 143 in a list of fastest selling suburbs, Narre Warren is in the TOP 10% of suburbs in Australia with an average of days on market 37.35 for properties listed there.