Question 1

Is Narre Warren North a nice place to live?

Accepted Answer

Narre Warren North is an outer south-eastern Melbourne suburb with a semi-rural feel, marked by rolling, tree-lined streets, pockets of bush, open paddocks and a prevalence of lifestyle blocks and horse properties. Housing is dominated by larger allotments and standalone homes. Local shops and community facilities sit alongside equestrian and outdoor recreation, while the Narre Warren shopping precinct and transport links remain within reach.

The suburb is strongly family-oriented, home to 8,033 people with a median age of 42 and a median household weekly income of $2,634. Owner-occupation is very high and rental housing is limited, so the area leans towards established households who value more space and a quieter pace. Recent local works have upgraded roads, footpaths and shared walking and cycling connections, council consultation is under way on a shared-user trail, and a planning permit exists for a staged non-government boys' school, all of which add to local community and outdoor options. Whether that mix suits you depends on whether you want a rural-fringe setting close to suburban services.

Question 2

Is it expensive to live in Narre Warren North?

Accepted Answer

Buying in Narre Warren North looks quite stretched against local incomes. The current median house price of $1,630,000 is about 11.9 times a typical local household's annual income at the last Census, which is a high multiple of those local incomes.

Renting sits differently: the average house rent of $775 a week would take about 29.4% of a typical local household's weekly income at the last Census, a moderate share. On these figures, buying is the more stretched option while renting would use a moderate portion of what local households earned at the last Census.

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

Question 3

Is Narre Warren North a good place to invest?

Accepted Answer

House rents in Narre Warren North fell 12.9% over the past 12 months, a sharp drop, while house values declined 4.1% over the same period, a modest fall. In other words, rental income from houses has fallen much more than their capital value did this year.

If rental income is your priority, the change in rents is the number to watch; if you are focused on capital growth, the smaller decline in values is the relevant measure. Whether that pattern suits your own goals and circumstances is for you to decide.

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.

	Houses	Units
Median price Past 3 months	$1.63M	N/A
Change in value Past 12 months	-4.1%	N/A
Sold Past 3 months	24	N/A
Median days on market Past 12 months	57	N/A
Average rent Past 12 months	$775	N/A
Change in rent Past 12 months	-12.9%	N/A

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