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Narara Suburb Insights
VICLocation Information
Suburb Name
Narara, VIC
Distance from CBD
15.9 kmDemographics
Population
7,934
Median Income
$34,632
Area Information
Area
8.24 km²
Population Density
963 people/km²
Property Market
Median Price
$882,885
Annual Growth
+9.5%Property Price Trend Analysis
Current Median Price
$882,885
Annual Growth
+9.5%
Quarterly Growth
+4.2%
Price Trends - Last 6 Months
2024-01
$939,933
+4%2024-02
$1,049,414
+7%2024-03
$892,943
+8.5%2024-04
$883,437
+14.8%2024-05
$1,061,414
+8.2%2024-06
$755,832
+14.9%Property Type Price Analysis
House
Median Price
$951,389
Growth Rate
+7.1%Available Listings
270 properties
Apartment
Median Price
$300,172
Growth Rate
+8.4%Available Listings
564 properties
Townhouse
Median Price
$587,977
Growth Rate
+11.8%Available Listings
75 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy