Loading...
Loading...
The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
2023 Picki. All rights reserved.
Narracan is a suburb in Baw Baw Shire, Australia with 253 residents. The median house price is $745K with a rental yield of 4.2%. Our analysis rates Narracan with a suburb score of 80/100 for investment timing.
Property prices in this suburb may grow below average in the short term. Rental growth could also slow during this consolidation phase. Consider monitoring market indicators before investing.
80
out of 100
Suburb Score
0
investors
Slow Recent Price Growth
Low Rental Yield
Buying Window: Strong investment potential with prices forecast to outperform the market average over 1-3 years. Key indicators signal favorable conditions for capital growth.
Upswing: Prices are rising and capital growth momentum is positive. While the early buying opportunity has passed, the market continues to show strength.
Consolidating: Prices may grow below average in the short term. Rental growth could also slow during this phase. Consider monitoring market indicators before investing.
Peak: Price growth is expected to slow down. Capital growth forecasts suggest this may not be the optimal time to invest. Consider waiting for better conditions.
Thorough research about a suburb is crucial to grasp the 'why' behind an investment. However, no suburb stands alone—always assess it in relation to its surroundings. Tracking each data point over time is vital. But above all, it's crucial to comprehend why each data point matters and how it influences both short-term and long-term capital growth.
Current Sales Prices By Suburb - Median - Last 90 Days Rolling - Houses Only [AUD]
Loading...
What is this: The median sale price of properties sold in the suburb over a rolling 90-day period. This reflects the actual transacted value of properties rather than asking prices.
Investment tip: Understanding current sold prices helps identify undervalued suburbs compared to neighboring areas. Look for suburbs with lower median prices that share similar amenities with higher-priced neighbors - these often represent growth opportunities.
Sold Price
Asking Price
Picki displays every property available for sale in Australia — all in the one place. We do not include sub-division, house and land packages, or individual lots/land that is for sale.
Suburb | Sold Price | Recent Growth | Yield | Vacancy Rate | Days of Supply | Owner Occupier | Vendor Disc. |
|---|
Narracan has a suburb score of 80/100 for investment timing, placing it among the top-performing suburbs in Baw Baw Shire for capital growth potential. The strong suburb score indicates favorable market conditions including positive price momentum, healthy rental demand, and low vacancy rates. Property investors looking for capital growth in Australia should consider Narracan as a priority suburb.
Narracan's capital growth outlook is positive based on current market indicators. Key drivers supporting capital growth in Narracan include strong buyer demand, limited housing supply, and positive demographic trends. Historical data suggests Narracan has outperformed many suburbs in Baw Baw Shire for property value appreciation.
Narracan is located within Baw Baw Shire Local Government Area in Australia. Baw Baw Shire encompasses multiple suburbs, each with their own property market characteristics. Understanding the broader LGA trends can help investors identify whether Narracan is outperforming or underperforming relative to neighboring suburbs.
The current median house price in Narracan is $745K based on recent sales data. This median price positions Narracan as a mid-market suburb in Baw Baw Shire, balancing accessibility for investors with capital growth potential.
Narracan has an average rental yield of 4.2%, which is around the national average for Australian property. This balanced yield suggests Narracan offers a reasonable income return while still providing capital growth potential typical of established suburbs in Australia.
Narracan has a population of approximately 253 residents. Population size and growth are important factors for property investment as they influence housing demand, rental markets, and local amenity development. Narracan is a smaller, more exclusive suburb which may offer unique lifestyle benefits and potential for price premiums on quality properties.
Narracan's suburb score of 80/100 can be compared against other suburbs in Baw Baw Shire to identify relative investment value. With a score above 80, Narracan ranks among the top suburbs in the local government area for investment timing. This suggests stronger fundamentals compared to many neighboring suburbs. Compare all suburbs in Baw Baw Shire using our platform to find the best investment opportunities.
