narre warren north

3804, Victoria

Real Estate & Property Information

Median
Price Rank
97

narre warren north Suburb Profile & Review

Young families are flocking to Narre Warren North for the spate of new and affordable housing developments going up in the area.There are two schools, Narre Warren North Primary School and Mary Mackillop Primary School, whilethe Narre Community Learning Centre offers adult education in literacy, computer skills and other specialised industries.

A shopping plaza on Main Street contains an IGA supermarket, cafes and retail shops. Westfield Fountain Gate, the fifth largest shopping centre in Australia, is mere minutes away in Narre Warren. In the Fountain Gate precinct you will find the state-of-the-art Casey Aquatic and Recreation Centre, which houses a wave pool, a caf

narre warren north Demographic Data

$ 730,000 Median House Price

37 Minutes Average Commute

39 Median Age

6,212 Population

49.68 % Female

50.32 % Male

1652 NO OF FAMILIES

2.1 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in narre warren north, Victoria.

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narre warren north Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

narre warren north Median House Prices

  • 2008 $ 565,000
  • 2009 $ 548,000
  • 2010 $ 638,000
  • 2011 $ 700,555
  • 2012 $ 730,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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narre warren north 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in narre warren north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term narre warren north property price predictions.

narre warren north Market Property Types

  • 99 % Seperate House
  • 1 % Semi Detached
  • 0 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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narre warren north Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

narre warren north Income & Mortgage Stats

  • $ 1,961 Median Weekly Household Income
  • $ 2,110 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in narre warren north

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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narre warren north Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

narre warren north Sold Property Prices

narre warren north Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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narre warren north Cafes

  • Cafe Coffea376-382 Heatherton Rd narre warren north VIC 380403 9796 9564

narre warren north Schools

  • Mary MacKillop Primary School2 Ernst Wanke Roadnarre warren north VIC 3804(03) 8794 5777Catholic Primary School
  • Narre Warren North Primary School15-31 Abeckett Roadnarre warren north VIC 3804(03) 9796 8261State Primary School
  • Oatlands Primary School79-93 Kurrajong Roadnarre warren north VIC 3804(03) 9705 6055State Primary School

narre warren north Childcare

  • ABC Learning Centre147 Kurrajong Roadnarre warren north VIC 3804

narre warren north Kindergarten and Preschools

  • Narre Warren North Preschool1 Winters Lanenarre warren north VIC 3804

narre warren north Sporting Centres and Clubs

  • Narre North Foxes Jnr FCnarre warren north VIC 3804Football Club
  • Berwick Obedience Dog Clubnarre warren north VIC 3804
  • Balmoral Equestrian Centrenarre warren north VIC 3804Horse Riding Club

narre warren north Vets

  • WoofPurNay Veterinary Hospitalnarre warren north VIC 3804

Find out How Much your House is Worth in narre warren north

Request a free market Basic Report for narre warren north to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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