NARRAWONG
Investor score
49
Annual growth and vacancy rate are modelled estimates based on long-run state averages. Price and rent use real government data where available. This is not financial advice. See full disclaimer.
Median price
—
no recent data
Rent yield
3.4%
rent real · price estimated
Annual growth
2.3%
modelled estimate
Vacancy rate
1.7%
modelled estimate
AI insights for NARRAWONG
Investment analysis, risks & comparisons
NARRAWONG shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.
Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.
Median rent
$220/wk
DFFH Moving Annual Rent · Sep 2025
Demand change
+2.2%
annual shift
Yield × growth index
2.9
combined signal
Net yield (est.)
3.66%
after mgmt, rates, insurance, maintenance
5-yr growth (CAGR)
+4.7%
est. compound, long-run avg
10-yr growth (CAGR)
+5.7%
est. compound, long-run avg
Rental demand
53 / 100
Moderate demand
Supply pipeline
Est.0.8%
new dwellings approved / stock · Modelled estimate
Low supply pressure
5-year price history
No price history available.
Market overview
NARRAWONG is a VIC suburb offering lower rental yield and moderate price growth. The local economy supports a stable rental base, with ongoing demand from owner-occupiers and investors seeking value outside capital cities.
Highlights
- Rental yield 3.4% with stable tenant demand
- Access to national transport network and amenities
Risk factors
- Subject to broader interest rate and economic conditions
Community profile
Source: ABS Census 2021 · ATO 2022–23Median household income
$1,639/wk
$49k taxable p.a.
Renters
8.5%
81.2% owner-occupier
Median age
47.0 yrs
Unemployment
5.5%
Population growth
+1.7% p.a.
Investor-owned
13.0%
of all dwellings (ATO)
Houses
86%
6% apartments
Degree qualified
16.0%
bachelor's or higher (ABS)
Work from home
15.9%
of employed residents (ABS Census)
Median lot size
2.5 ha
Large block
Household size
2.5 persons
avg per dwelling (ABS Census)
Short-term rental
0.2%
Mostly long-term tenants
Market activity
Distance to CBD
259.7 km
Regional
Days on market
45 days
Normal turnover
Auction clearance
40.9%
Buyer's market
Walkability
0 / 100
Car-dependent
Coastal proximity
144.5 km
Inland
NBN technology
FTTNStandard — fibre to node
Population density
3/km²
Rural / semi-rural
Schools in postcode 3285
🏫Primary (1)
Narrawong District Primary School
Government · Yrs Prep-6
ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.
Liveability & safety
Safety index
Moderate6.6 offences / 100 persons
Source: VIC Crime Statistics Agency · Dec 2025
School quality
Average1 school in postcode area
Source: ACARA My School 2025
Transit access
LimitedSource: State GTFS feeds
Gentrification signal
14
/ 100
Established suburb with stable demographics. Consistent demand but lower gentrification upside.
Composite: education premium · youth cohort · rental activity · price gap · transit quality
Environmental risk
Flood risk
Source: State GIS flood zone data
Bushfire risk
Source: CFA / RFS / DFES zone data
Storm risk
Coastal exposure + state climate
Live suburb intelligence
Fetching live data…Location
Properties in NARRAWONG
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