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Narrawong, VIC 3285
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$995,000
list-price estimate
Median Unit
$335,000
Gross Yield (houses)
3.8%
1yr Growth
-
Investment snapshot for Narrawong
Narrawong has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Narrawong market and investor summary
In Narrawong, VIC 3285, houses show a gross rental yield of 3.8%. At 3.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 323 days on market, so plan for a slower exit if you ever need one.
Living in Narrawong: people, income and schools
Narrawong is home to around 462 people, a number that has held fairly steady over five years. At a median age of 45, it reads as skewed a little older, and 93% 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 $94,000 a year (about $1,820 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 462
- +2% over 5yr
- Median age
- 45 years
- Median household income
- $94,000/yr
- Households renting
- 7%
- Family households
- 78%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 969
- Unemployment
- 1.9%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Narrawong
No properties currently listed in Narrawong
Search Narrawong listings →Frequently asked questions about Narrawong
What should I check before investing in Narrawong?
Narrawong 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 Narrawong?
The median property price in Narrawong, VIC 3285 is $335K for units.
What rental yield does Narrawong show?
The gross rental yield in Narrawong is 3.8% 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 Narrawong?
The current vacancy rate in Narrawong is 3.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Narrawong?
Narrawong has a population of approximately 462 residents, with a median age of 45.
What schools are near Narrawong?
There are 1 school within roughly 5km of Narrawong. 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 Narrawong's population growing?
The population of Narrawong has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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