Suburb Profile Report for Narrogin WA (6312)

Narrogin House: Median price $160,000, Annual capital growth -4.43%, Number of sales 55, Weekly median advertised rent $265

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

At number 2969th in the list of Australian suburbs ordered by increase in median house value over the last year, Narrogin, 6312 is in the BOTTOM 30% with a property value increase of -3.03% recorded in median house prices.

The five-year average increase in median property values for Narrogin,6312 has given property investors a potential capital gain of -18.78% across each of those five years.

Vendor discounting in Narrogin is giving property investors an average Vendor Discount of around -13.98%. This puts suburb at number 16th in WA when ranking the most discounted suburbs.

Residents and property investors in Narrogin have been waiting around 112 days to sell a property.

A $265 per week rent on the median house gives suburb investors a gross yield of circa 8.61%, without taking into account capital value appreciation, which has been averaging out at -4.43%.

Metrics i HOUSE UNIT
$160,000 N/A
-3.18% N/A
-3.03% N/A
-4.43% N/A
$265 N/A
55 N/A
8.61% N/A
112 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Poor (U)
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Demographics
Total population 4219
Median household income ($/weekly) 955
Median age of persons 37
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 658 15.6
    25-34 years 434 10.3
    35-44 years 558 13.2
    45-54 years 544 12.9
    55-64 years 485 11.5
    Others 1540 36.5
    Age Group
    Census Count Percent(%)
    Registered Married 1336 49.4
    Not Married 1074 39.7
    Defacto Relationship 297 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3436 85.6
    Papua New Guinea 81 2.0
    South Africa 35 0.9
    United Kingdom 199 5.0
    Other 79 2.0
    Others 185 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 24 0.6
    Christianity 2736 71.1
    Hinduism 10 0.3
    Other Religious Groups 22 0.6
    No Religion 1046 27.2
    Others 10 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 143 10.5
    $400-$599 180 13.2
    $600-$799 140 10.3
    $800-$999 145 10.6
    $1,500-$1,999 169 12.4
    Others 587 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1195 38.8
    Employed, worked full-time 1070 34.8
    Employed, worked part-time 547 17.8
    Employed, away from work 137 4.5
    Unemployed, looking for work 129 4.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 291 16.6
    Technicians & trades workers 307 17.5
    Community & personal service workers 212 12.1
    Clerical & administrative workers 210 12.0
    Labourers 231 13.2
    Others 503 28.7
    Occupation
    Census Count Percent(%)
    Pre-school 64 6.6
    Infants/Primary 413 42.4
    Secondary 341 35.0
    Technical or Further Educational Institution 98 10.1
    University or other Tertiary Institutions 48 4.9
    Others 9 0.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3349 91.2
    Flat, unit or apartment 192 5.2
    Semi-detached, row or terrace house, townhouse 126 3.4
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 519 34.7
    Fully owned 485 32.4
    Being purchased 479 32.0
    Other tenure type 12 0.8
    Tenure Type
Census 2011, ABS
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