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Investment Property Narre Warren, VIC, 3805

Suburb Snapshot

Narre Warren is a suburb in the Casey Region of Victoria. Narre Warren has a population of 26,616 people and 23.00% of its occupants live in rental accommodation. The median listing price for houses is $722,500 and this has changed 3.95% over the past year and changed 3.95% over 2 years.

The median rent in Narre Warren for houses is $550 per week and the median rental yield is 3.95%. Stock on the market for houses/townhouses has changed -8.47% compared to last year and the average time to sell a house/townhouse is 64 days.The median listing price for units is $495,000 and this has changed 3.12% over the past year. The average unit takes 60 days to sell and the median rent for a unit in Narre Warren is $480 per week, producing a rental yield of 5.04%.

Supply & Demand in Narre Warren, Casey

0.90%

Current vacancy rate


98

Rental stock available


26,616

Population


23.00%

Rental population


0.95%

Current vacancy rate


1,354

Rental stock available


299,294

Population


19.66%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Narre Warren, Casey

  House Townhouses Units
Median listing price $722,500 $600,000 $495,000
Median price change - last quarter 2.85% 0.00% 0.51%
Median price change - 1 year 3.95% -3.23% 3.12%
Median price change - 2 years 3.95% 0.67% 1.02%
  House Townhouses Units
Median weekly rent $550 $600 $480
Median yield % 3.95% 5.20% 5.04%
Median rent change - 1 year 12.24% 10.09% 11.62%
  House Units
Previous month sales 39 2
Stock on market previous month 108 18
Stock variance vs. last year -8.47% 28.57%
Average days on market 64 60

Narre Warren investment property listings

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