Narre Warren vs Yarra Junction
Property investment comparison - Narre Warren, VIC 3805 vs Yarra Junction, VIC 3797
Head-to-head across core investment metrics: Narre Warren wins 2, Yarra Junction wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Narre Warren | Yarra Junction |
|---|---|---|
| Median house price | $810K | $810K |
| Median unit price | $620K | $620K |
| Gross rental yield (houses) | - | 4.02% |
| Gross rental yield (units) | 4.56% | 3.00% |
| 1-year house growth | +6.6% | +4.3%estimate |
| 3-year house growth | +11.4% | - |
| Vacancy rate | 1.1% | 0.3% |
| Population | 27,689 | 2,875 |
Narre Warren vs Yarra Junction: what the numbers say
Houses cost about the same in both suburbs: the median house price is $810K in Narre Warren and $810K in Yarra Junction.
Over the past year house prices moved +6.6% in Narre Warren and +4.3% in Yarra Junction (an estimate), so recent momentum favours Narre Warren, although both suburbs recorded growth.
Rental vacancy is 0.3% in Yarra Junction and 1.1% in Narre Warren, so landlords in Yarra Junction face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Narre Warren is the bigger suburb, with a population of 27,689 against 2,875, roughly 10 times the size of Yarra Junction; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Narre Warren for recent price momentum, Yarra Junction for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Yarra Junction, VIC 3797
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