Nar Nar Goon North (postcode 3812) is a small locality in Victoria within the Cardinia local government area. With a population of 819, the suburb has a settled mid-life population with a median age of 44. Households earn a median income of $110K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, managers, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Nar Nar Goon North sit at $324,000, little changed on a year ago. The current median weekly rent is $560. This gives a gross rental yield of approximately 9.0%. The median monthly mortgage repayment is $2,159.
The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
Looking at the investment signals, Nar Nar Goon North shows a gross rental yield of approximately 9.0%, rated as high yield. Property prices sit below the state median ($324K/$875K), which can point to relative value. The price-to-income ratio of 2.9x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.