Narre Warren suburb profile
Narre Warren is a bustling suburb located in Melbourne's southeastern corridor, approximately 38km from the CBD. Known for its family-friendly atmosphere, it offers a mix of residential, commercial, and recreational amenities. The suburb is home to the expansive Westfield Fountain Gate, one of Australia's largest shopping centres, providing a hub for retail and entertainment. Narre Warren also boasts excellent transport links, including the Monash Freeway and a well-serviced train station, making it a convenient location for commuters. With its blend of modern housing developments and established neighborhoods, Narre Warren continues to attract families and professionals seeking a balanced suburban lifestyle.
Narre Warren property market performance
Current median dwelling price$686,250Past 3 months
Property growth+7.4%Past 12 months
Narre Warren's property market has shown positive growth over the past 12 months, with house values increasing by 6.9% and unit values rising by 9.1%. The median house price has reached $800,000, while units are averaging $600,000, indicating strong demand across both property types.
Sales activity has been robust, with 119 houses and 13 units sold in the past year. Houses are selling quickly, with a median of just 14 days on the market, compared to 23 days for units, suggesting a more competitive market for houses.
The rental market in Narre Warren has remained relatively stable, with house rents increasing by 1.8% and unit rents remaining unchanged over the last 12 months. This stability in rental prices reflects a balanced demand in the rental sector.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $780K | $593K |
Change in value Past 12 months | 5.8% | 9.1% |
Sold Past 3 months | 103 | 10 |
Median days on market Past 12 months | 15 | 21 |
Average rent Past 12 months | $570 | $490 |
Change in rent Past 12 months | 1.8% | 2.1% |
5 year median price trend for houses and units
Narre Warren demographics
Narre Warren, located in Melbourne's southeastern suburbs, is a thriving community known for its family-friendly environment and suburban charm. With a population of 27,689 and a median age of 35, it is a suburb that appeals to both young families and established residents. The area is characterized by its spacious homes and green spaces, making it an ideal location for those seeking a balance between urban convenience and a relaxed lifestyle.
The suburb's demographic profile highlights its strong family orientation, with 50.1% of households being couple families with children. This is complemented by 30.8% of couple families without children, and 17.3% of one-parent families, reflecting a diverse family structure. The median total household income of $1,741 per week suggests a comfortable standard of living, supported by the suburb's access to local amenities, schools, and shopping centers, including the popular Westfield Fountain Gate.
In terms of property ownership, Narre Warren presents a stable housing market with 26.1% of properties owned outright and 44.8% owned with a mortgage. This indicates a strong sense of community and long-term residency. Additionally, 29.1% of properties are rented, providing options for those seeking flexibility. The suburb's accessibility to public transport and major roadways further enhances its appeal, making Narre Warren a desirable location for families and individuals looking for a well-rounded suburban lifestyle.
Narre Warren infrastructure, key developments and investment opportunities
Narre Warren continues to benefit from its role as the administrative centre of the City of Casey, with ongoing investment in civic facilities, community hubs and public spaces around the Fountain Gate precinct supporting steady demand from families and local workers.[3][10] The established shopping and employment hub anchored by Westfield Fountain Gate, alongside numerous local parks and recreational facilities, underpins strong amenity and is likely to remain a key driver of buyer interest and retail-related jobs in the area.[3][5][6]
Good access to major road corridors toward central Melbourne and surrounding employment centres, together with existing train connectivity, supports Narre Warren’s appeal for commuters and may help sustain property values over time.[3][5][6] Local schools, childcare centres and community services are well represented, reinforcing the suburb’s reputation as a family-friendly location and contributing to consistent demand for both houses and townhomes.[3][6]
Narre Warren rental market trends
The rental market in Narre Warren has experienced modest growth, with house rents increasing by 1.8% over the past year to $570 per week, while unit rents have remained stable at $480 per week. As a suburb with steady demand and a family-friendly environment, Narre Warren continues to offer attractive rental opportunities for both tenants and investors.
Suburbs near Narre Warren
Some popular suburbs near Narre Warren include:
How does Narre Warren compare to nearby suburbs?
- Median house prices: Narre Warren’s median house price is 1.5% higher than Hallam’s.
- Median unit prices: Narre Warren’s median unit price is 2.5% higher than Hampton Park’s.
- House price growth: Over the past 12 months, house prices in Narre Warren have grown 1.1% higher than in Berwick.
- Unit price growth: Over the past 12 months, unit prices in Narre Warren have grown 4.3% higher than in Hampton Park.
- Selling speed for houses: Properties in Narre Warren are selling 40.0% faster than in Narre Warren South.
- Selling speed for units: Properties in Narre Warren are selling 32.3% faster than in Hallam.
- Investment considerations: In Narre Warren, the rental yield for house is 9.5% lower than the Melbourne average, while the rental yield for units is 16.4% lower.
- House price growth: Over the past 12 months, house prices in Narre Warren have grown 22.7% lower than the average rate of growth across Melbourne.
- Unit price growth:Over the past 12 months, unit prices in Narre Warren have grown 2.0% higher than the average rate of growth for units across Melbourne.

