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Suburb Insights ยท VIC 3812

Nar Nar Goon North 3812, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Nar Nar Goon North is a regional centre in Victoria, Australia, with a population of approximately 819, making it a boutique locality. Located approximately 58 km from the Melbourne CBD, Nar Nar Goon North is a regional area in Victoria. The median household income is $110,032 AUD per year (ABS 2021 Census).

Investment Score

49 / 100 Moderate

Above-average earnings in Nar Nar Goon North support sustained property values. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Nar Nar Goon North, Victoria, Australia.

Key Indicators

Postcode
3812

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

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Population
819

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

ABS Census Data โ†’
Median Rent (weekly)
$361/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
$110,032/yr

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

ABS Census Data โ†’
Distance to CBD
58 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)
$2,159/mo

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

ABS Census Data โ†’
Dwelling Type
89% 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 North 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 $361/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,159/month. A median household income of $110,032/year supports premium property values and indicates a well-employed resident base. 89% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

Expect competitive but not exceptional rental returns in Nar Nar Goon North's current market.

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Renovation / Flip

Limited buyer depth in Nar Nar Goon North makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Nar Nar Goon North property

Full Property Analysis

30-year projections for Nar Nar Goon North

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Nar Nar Goon North is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in Nar Nar Goon North is thinner โ€” flexible lease terms could help secure tenants faster. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Nar Nar Goon North a good suburb for investment?

Nar Nar Goon North is a regional area in Victoria with a population of 819. The median rent is $361/week and the median household income is $110,032/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 North?

Key demand drivers in Nar Nar Goon North include regional employment hubs, lifestyle, and affordability. 89% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Nar Nar Goon North?

According to the ABS 2021 Census, Nar Nar Goon North has a population of approximately 819. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Nar Nar Goon North from the Melbourne CBD?

Nar Nar Goon North is approximately 58 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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