Narrawong VIC Property Investment

Glenelg · 3285

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Median House Price

$674K

As of 7 Nov 2026.

Rental Yield

N/A

Vacancy Rate

N/A

Median Weekly Rent

N/A

Median Unit Price

$235K

As of 7 Nov 2026.

Population (Census 2021)

462

Narrawong Short-Term Rental Market

Short-stay estimate: run a brief

New dwellings approved

New dwellings approved, Glenelg council area, 12 months to Aug 2026: 60. Source: ABS Building Approvals, Australia (cat. 8731.0). This is the whole council area, not just Narrawong.

Suburb Metric Thresholds

2 green3 yellow2 red

Population growth 2016–21, postcode 3285 (ABS Census)

0.78 high impact

Median Household Income

1639 medium impact

Public Transport Score

0 medium impact

School Zone Quality

6.8 medium impact

Distance to CBD

288.88 medium impact

SEIFA Advantage/Disadvantage

7 medium impact

Owner Occupier Rate

81.2 medium impact

Macro Environment

Macro Indicators

Cash Rate

4.85%

▲ 0.25%

Cash rate 4.85% as at 2026-11-04 (effective date) · Source: RBA cash rate target · Credit data 2026-08

Socio-Economic Profile

Source: ABS Census 2021

SEIFA Index · Postcode 3285

Most disadvantagedLeast disadvantaged

Decile 8 of 10 — Low disadvantage

Population (suburb)

462

Education (IEO)

7/10

Econ. Resources (IER)

9/10

Schools

In your catchment

Narrawong District Primary School

PrimaryGovernment

6.8/10

Heywood District Secondary College

SecondaryGovernment

3.7/10

These are the government-school zones containing this suburb centroid. Specific addresses within the suburb may fall in different catchments — confirm with the school directly.