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Suburb Insights ยท VIC 3812

Nar Nar Goon 3812, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Nar Nar Goon is a regional centre in Victoria, Australia, with a population of approximately 1,023, making it a boutique locality. Located approximately 62 km from the Melbourne CBD, Nar Nar Goon is a regional area in Victoria. The median household income is $86,528 AUD per year (ABS 2021 Census).

Investment Score

36 / 100 Weak

Household incomes in Nar Nar Goon sit in a comfortable mid-range for the Victoria market. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Nar Nar Goon, Victoria, Australia.

Key Indicators

Postcode
3812

Official Australia Post postcode for Nar Nar Goon. A postcode may cover multiple suburbs.

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Population
1,023

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$305/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$86,528/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
62 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,997/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
94% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Nar Nar Goon serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $305/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,997/month. The median household income of $86,528/year reflects a solid demographic, supporting sustainable rental demand. 94% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Nar Nar Goon offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Rental yields in Nar Nar Goon are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

The resale market in Nar Nar Goon may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Nar Nar Goon property

Full Property Analysis

30-year projections for Nar Nar Goon

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Nar Nar Goon may remain subdued in 2026, with limited demand drivers in the near term. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Nar Nar Goon's 2026 outlook. Investor sentiment toward Nar Nar Goon is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Nar Nar Goon a good suburb for investment?

Nar Nar Goon is a regional area in Victoria with a population of 1,023. The median rent is $305/week and the median household income is $86,528/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Nar Nar Goon?

Key demand drivers in Nar Nar Goon include regional employment hubs, lifestyle, and affordability. 94% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Nar Nar Goon?

According to the ABS 2021 Census, Nar Nar Goon has a population of approximately 1,023. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Nar Nar Goon from the Melbourne CBD?

Nar Nar Goon is approximately 62 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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