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Nareen, VIC 3315
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$275,000
market range $250K-$775K
Median Unit
$145,000
list-price estimate
Gross Yield (houses)
8.3%
1yr Growth
-
Investment snapshot for Nareen
Nareen has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Nareen market and investor summary
In Nareen, VIC 3315, the median house sells for around $275K, on a gross rental yield of 8.3% for houses. At 1.5% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 8.3% does more of the early heavy lifting than capital growth usually would at this price point. Houses also take time to sell, around 70 days on market, so plan for a slower exit if you ever need one.
Living in Nareen: people, income and schools
About 79 people live in Nareen, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and 78% 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 $85,000 a year (about $1,630 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to roughly 3.3 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 28% over five years, which tends to underpin what local buyers can pay.
- Population
- 79
- -0% over 5yr
- Median age
- 41 years
- Median household income
- $85,000/yr
- Households renting
- 22%
- Family households
- 68%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 2.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Nareen
No properties currently listed in Nareen
Search Nareen listings →Frequently asked questions about Nareen
What should I check before investing in Nareen?
Nareen has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 8.3%, before expenses, tax and loan costs. Tight rental market (1.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Nareen?
The median property price in Nareen, VIC 3315 is $275K for houses.
What rental yield does Nareen show?
The gross rental yield in Nareen is 8.3% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Nareen?
The current vacancy rate in Nareen is 1.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Nareen?
Nareen has a population of approximately 79 residents, with a median age of 41.
Is Nareen affordable to buy in?
A median house in Nareen costs about 3.3 times the median local household income (more affordable than most capital-city markets). 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 Nareen's population growing?
The population of Nareen has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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