Narre Warren South VIC 3805

Here you can find what you need to know about Narre Warren South, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$625k Median Sale Price (National Average $485k) 321st In VIC
-2.34% Median Price Change (1 yr) (National Average 4.30%) 2368th In VIC
$418pw Median Rent (National Average $395) 300th In VIC
3.5% Median Gross Yield (National Average 4.24%) 308th In VIC
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Properties sold 324
Average discounting -7.58%
Average Days on Market 56
Stock on Market 57 for sale

Investment Strategy Scores

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Narre Warren South, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Narre Warren South, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Narre Warren South, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Narre Warren South


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Latest Auction Results for Narre Warren South as at 22 September 2019

Property Details
Sale Price
4Bed / 2Bath / -Car / House
-
4Bed / 2Bath / -Car / House
Passed In

State Auction Clearance Rates - September 2019

Auctions Clearance rate
VIC 911 77%
ACT 49 65%
NSW 547 73%
NT 8 63%
QLD 165 43%
SA 77 57%
TAS 3 0%
WA 11 55%

Local Schools


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Suburb Information

Narre Warren South, VIC 3805

Part of: Casey Council No data available

The size of Narre Warren South is approximately 13.1 square kilometres. It has 138 parks covering nearly 12.4% of total area. The population of Narre Warren South in 2011 was 28,595 people. By 2016 the population was 30,299 showing a population growth of 6.0% in the area during that time. The predominant age group in Narre Warren South is 10-19 years. Households in Narre Warren South are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narre Warren South work in a trades occupation. In 2011, 84.9% of the homes in Narre Warren South were owner-occupied compared with 82.6% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Narre Warren South

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Narre Warren South   for Houses in last 12 months


There have been 324 Houses sold in Narre Warren South in the past 12 months with a median sale price of $625K, up -2.34% annually. It takes on average 56 days to sell with vendor discounting of -7.58%.

Streets in Narre Warren South


Others also viewed

Suburb Median Price Change (1 yr) Median Sale Price Median Rent Median Gross Yield
Narre Warren VIC, 3805 -6.45% $580,000 $380pw 3.4% View Suburb Profile
Clyde North VIC, 3978 9.91% $582,500 $410pw 3.7% View Suburb Profile
Berwick VIC, 3806 -4.43% $669,000 $420pw 3.3% View Suburb Profile
Narre Warren North VIC, 3804 2.69% $1,201,500 $600pw 2.6% View Suburb Profile
Hampton Park VIC, 3976 -5.45% $520,000 $365pw 3.6% View Suburb Profile
West Melbourne VIC, 3003 -35.60% $940,500 $631pw 3.5% View Suburb Profile