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Nar Nar Goon, VIC 3812
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,000,000
market range $925K-$1.1M
Median Unit
$895,000
list-price estimate
Gross Yield (houses)
3.5%
1yr Growth (houses)
+3.1%
market range -25.0% to +7.5%
Investment snapshot for Nar Nar Goon
Nar Nar Goon has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Nar Nar Goon market and investor summary
In Nar Nar Goon, VIC 3812, the median house sells for around $1M, on a gross rental yield of 3.5% for houses. House prices have moved +3.1% over the past year. At 2.3% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.5% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 101 days on market, so plan for a slower exit if you ever need one.
Living in Nar Nar Goon: people, income and schools
About 1,023 people live in Nar Nar Goon, and the area has been growing steadily, up about 7% over five years. At a median age of 41, it reads as skewed a little older, and 73% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $87,000 a year (about $1,660 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.
Families have 4 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Nar Nar Goon sits about 61 km from the CBD. It is fairly car-dependent; the suburb scores 3 for walkability and 44 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 1,023
- +7% over 5yr
- Median age
- 41 years
- Median household income
- $87,000/yr
- Households renting
- 22%
- Family households
- 76%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 4
- avg ICSEA 999
- Unemployment
- 3.1%
- Distance to CBD
- 61 km
- Walk score
- 3/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Nar Nar Goon
No properties currently listed in Nar Nar Goon
Search Nar Nar Goon listings →Frequently asked questions about Nar Nar Goon
What should I check before investing in Nar Nar Goon?
Nar Nar Goon has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Nar Nar Goon?
The median property price in Nar Nar Goon, VIC 3812 is $1M for houses.
What rental yield does Nar Nar Goon show?
The gross rental yield in Nar Nar Goon is 3.5% for houses and 3.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Nar Nar Goon?
House prices in Nar Nar Goon are up 3.1% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Nar Nar Goon?
The current vacancy rate in Nar Nar Goon is 2.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Nar Nar Goon?
Nar Nar Goon has a population of approximately 1,023 residents, with a median age of 41.
What schools are near Nar Nar Goon?
There are 4 schools within roughly 5km of Nar Nar Goon. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Nar Nar Goon affordable to buy in?
A median house in Nar Nar Goon costs about 11.6 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Nar Nar Goon's population growing?
The population of Nar Nar Goon has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Nar Nar Goon from the CBD?
Nar Nar Goon is about 61 km from the CBD.
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