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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.

HousesUnits
Median price
Past 3 months
$780K$593K
Change in value
Past 12 months
5.8%9.1%
Sold
Past 3 months
10310
Median days on market
Past 12 months
1521
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

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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.

Common questions about Narre Warren

  • Is Narre Warren a nice place to live?

    Narre Warren is a delightful suburb that offers a harmonious blend of suburban charm and modern conveniences, making it a lovely place to live. Known for its welcoming and family-friendly atmosphere, the suburb is a haven for those seeking a balanced lifestyle. With its lush green spaces and spacious homes, Narre Warren provides a serene environment that appeals to families looking for a peaceful yet connected community.

    The suburb's vibrant vibe is complemented by its proximity to amenities, including a variety of shopping options, cafes, and restaurants. The presence of local parks and recreational facilities adds to the appeal, offering residents plenty of opportunities for outdoor activities and relaxation. Safety is generally not a major concern, contributing to the suburb's reputation as a secure place for families to settle down.

    For families, Narre Warren is particularly attractive due to its excellent schools and childcare facilities, ensuring that educational needs are well catered for. The suburb's strong sense of community is evident in its diverse family structures, making it a welcoming place for both young families and established residents. However, living in Narre Warren does come with some trade-offs. While it offers a peaceful suburban lifestyle, it may lack the nightlife and cultural buzz of inner-city areas. Additionally, commuting to the CBD can be time-consuming, although the suburb's excellent transport links, including the Monash Freeway and a well-serviced train station, help mitigate this.

    Overall, Narre Warren is a charming suburb that offers a high quality of life for those seeking a family-oriented community with easy access to amenities and green spaces. Its combination of suburban tranquility and modern conveniences makes it a desirable location for families and individuals alike.

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  • Is it expensive to live in Narre Warren?

    Narre Warren, located in Greater Melbourne, presents a mixed picture when it comes to affordability. The median house price here is around $800,000, while units are more affordable at $600,000. These figures are relatively moderate compared to some of Melbourne's more central suburbs, making Narre Warren a viable option for those looking to buy property without venturing too far from the city.

    Renting in Narre Warren is also somewhat manageable, with houses averaging $570 per week and units at $480. When you compare these rental prices with the average Melbourne wage of approximately $90,000 per year, it suggests that housing costs will take up a significant portion of monthly earnings, but they are not exorbitant compared to other areas in the city.

    In terms of household income, the median weekly income in Narre Warren is $1,741, which aligns well with the property and rental market. This suggests that while living in Narre Warren isn't the cheapest option in Melbourne, it offers a reasonable balance between cost and lifestyle. If you are thinking of living in Narre Warren, you'll find it offers a good mix of affordability and convenience, especially for families or individuals looking for a suburban lifestyle with access to city amenities.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Narre Warren a good place to invest?

    Narre Warren is showing promising signs as a solid investment suburb. Over the past year, the median house value in Narre Warren has increased by 6.9%, while units have seen an even more impressive rise of 9.1%. This indicates a healthy demand for properties in the area, making it an attractive option for those looking to invest in real estate. The suburb's growth in property values suggests a positive trend that could continue, especially as more people discover the benefits of living in this well-connected and family-friendly area.

    While the rental market has seen a modest increase in house rents by 1.8%, unit rents have remained stable. This stability in rental prices can be appealing for investors seeking consistent rental income without the volatility seen in other markets. Narre Warren's appeal lies in its balance of affordability and growth potential, making it a great choice for those looking to invest in a suburb with a strong community feel and good access to amenities and transport links.

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Choose the right real estate agents in Narre Warren

In Narre Warren ,181 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 32.0% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2% and 2.95%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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