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Narre Warren, VIC 3805
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$810,000
market range $775K-$900K
Median Unit
$620,000
market range $575K-$650K
Gross Yield (units)
4.6%
1yr Growth (houses)
+6.6%
market range +0.0% to +12.5%
Investment snapshot for Narre Warren
Narre Warren has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Narre Warren market and investor summary
In Narre Warren, VIC 3805, the median house sells for around $810K. House prices have moved +6.6% over the past year and +11.4% over three years. At 1.1% vacancy, it is a tight rental market that favours landlords.
Living in Narre Warren: people, income and schools
Narre Warren is home to around 27,689 people, a number that has held fairly steady over five years. At a median age of 35, it reads as broadly working-age, and families account for 78% of households.
The typical household income runs to around $91,000 a year (about $1,740 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Families have 36 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Narre Warren sits about 38 km from the CBD. It is fairly car-dependent; the suburb scores 41 for walkability and 86 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 27,689
- -1% over 5yr
- Median age
- 35 years
- Median household income
- $91,000/yr
- Households renting
- 28%
- Family households
- 78%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 36
- avg ICSEA 968
- Unemployment
- 6.2%
- Distance to CBD
- 38 km
- Walk score
- 41/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Narre Warren
View all →Frequently asked questions about Narre Warren
What should I check before investing in Narre Warren?
Narre Warren has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.6% gives a usable rent-to-price starting point. Capital growth of +6.6% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Narre Warren?
The median property price in Narre Warren, VIC 3805 is $810K for houses and $620K for units.
What rental yield does Narre Warren show?
The gross rental yield in Narre Warren is 4.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Narre Warren?
House prices in Narre Warren are up 6.6% over the past year and up 11.4% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Narre Warren?
The current vacancy rate in Narre Warren is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Narre Warren?
Narre Warren has a population of approximately 27,689 residents, with a median age of 35.
What schools are near Narre Warren?
There are 36 schools within roughly 5km of Narre Warren. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Narre Warren affordable to buy in?
A median house in Narre Warren costs about 8.9 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Narre Warren's population growing?
The population of Narre Warren has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Narre Warren from the CBD?
Narre Warren is about 38 km from the CBD.
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