Get a property report and suburb profile for any property in Narre Warren

Narre Warren is an established outer south-eastern suburb centred around the Fountain Gate shopping precinct and the Narre Warren train station on the Pakenham line, giving it a practical, everyday feel. Housing mixes older single-front cottages and brick homes with later suburban estates, and the area attracts families and commuters who value convenience. Residents have a broad range of shops, community and sporting clubs, schools and pocket parks close to hand, and major roads and the rail link make trips to neighbouring centres straightforward.

Home to 27,689 people with a median age of 35, Narre Warren reads as a suburb of families — couple families with children are the largest group — and most homes are owner-occupied (70.9%). Recent major rail works removed a level crossing and delivered a new elevated station with upgraded commuter parking, secure bike storage, an air-conditioned waiting room and a landscaped forecourt, and planning around the Fountain Gate/Casey Central and Bunjil Place precincts points to further town-centre changes. Whether that mix of commuter convenience, shopping and local services suits you depends on what you want from a suburb.

Housing costs in Narre Warren look different for renters and buyers when compared with what a typical local household earned at the last Census. A house rent of $575 a week would take about 33.0% of a typical local household's weekly income at the last Census, a sizeable share, while unit rent of $500 a week would take about 28.7% of that income, a moderate share. If you're renting rather than buying, those rent shares are the immediate numbers to watch.

Buying sits noticeably higher against local incomes. The median house price of $780,000 is about 8.6 times a typical local annual household income at the last Census, and the median unit price of $605,000 is about 6.7 times that annual income. On these figures, purchasing in Narre Warren sits well above what local households earned at the last Census; whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit values climbed faster than house values in Narre Warren over the past 12 months. The median unit value rose 9.1%, a solid increase, while the median house value rose 5.6%, a notable gain. That makes units the stronger performer on capital growth for the year.

Rents moved more modestly: house rents rose 2.7% and unit rents rose 4.2%. On both dwelling types, value growth outpaced rent growth over the year. If rental income is your main aim, the rent figures are the most directly relevant; if you prioritise capital growth, note that units led the increases. Whether that pattern suits your goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.