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Narwee Suburb Insights
VICLocation Information
Suburb Name
Narwee, VIC
Distance from CBD
24.3 kmDemographics
Population
5,618
Median Income
$27,404
Area Information
Area
1.27 km²
Population Density
4424 people/km²
Property Market
Median Price
$1,120,033
Annual Growth
+7.4%Property Price Trend Analysis
Current Median Price
$1,120,033
Annual Growth
+7.4%
Quarterly Growth
+4.4%
Price Trends - Last 6 Months
2024-01
$621,313
+6.9%2024-02
$419,061
+8.1%2024-03
$866,295
+11.3%2024-04
$702,577
+14.1%2024-05
$1,054,248
+16.6%2024-06
$839,302
+18.9%Property Type Price Analysis
House
Median Price
$1,309,522
Growth Rate
+9.5%Available Listings
435 properties
Apartment
Median Price
$390,926
Growth Rate
+8.5%Available Listings
493 properties
Townhouse
Median Price
$586,908
Growth Rate
+8.3%Available Listings
115 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy