Property investors who have had real estate in Narrogin, 6312 should be relatively pleased with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.00%
Narrogin,6312 has offered an average of 10.00% return per annum in house price rises to property investors over the last three years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Narrogin itself are offering an average vendor discount of -13.25% to real estate investors.
Often selling an investment property can take time, and in Narrogin the average time real estate has been on the market is 141.26 days.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 0.21%, investors should hope to achieve an overall return of 7.83%