Narre Warren VIC 3805

Here you can find what you need to know about Narre Warren, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$600k Median Sale Price (National Average $485k) 358th In VIC
-0.33% Median Price Change (1 yr) (National Average 4.30%) 2415th In VIC
$380pw Median Rent (National Average $395) 392nd In VIC
3.3% Median Gross Yield (National Average 4.24%) 332nd In VIC
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Properties sold 305
Average discounting -7.16%
Average Days on Market 46
Stock on Market 53 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Narre Warren, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Narre Warren, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Narre Warren, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Narre Warren


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Latest Auction Results for Narre Warren as at 23 June 2019

Property Details
Sale Price
4Bed / 2Bath / 2Car / House
$1,350,000
2Bed / 1Bath / 1Car / House
$400,000

State Auction Clearance Rates - June 2019

Auctions Clearance rate
VIC 644 70%
ACT 40 55%
NSW 551 67%
NT 7 0%
QLD 114 35%
SA 103 55%
TAS 3 50%
WA 25 17%

Local Schools


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Suburb Information

Narre Warren, VIC 3805

Part of: Casey Council No data available

The size of Narre Warren is approximately 14 square kilometres. It has 142 parks covering nearly 9.7% of total area. The population of Narre Warren in 2011 was 25,882 people. By 2016 the population was 26,623 showing a population growth of 2.9% in the area during that time. The predominant age group in Narre Warren is 20-29 years. Households in Narre Warren are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narre Warren work in a trades occupation. In 2011, 75.3% of the homes in Narre Warren were owner-occupied compared with 71.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Narre Warren

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Narre Warren   for Houses in last 12 months


There have been 316 Houses sold in Narre Warren in the past 12 months with a median sale price of $600K, up -1.28% annually. It takes on average 46 days to sell with vendor discounting of -7.4%.

Streets in Narre Warren


Others also viewed

Suburb Median Price Change (1 yr) Median Sale Price Median Rent Median Gross Yield
Narre Warren South VIC, 3805 -0.08% $631,000 $410pw 3.4% View Suburb Profile
Berwick VIC, 3806 0.74% $685,000 $420pw 3.2% View Suburb Profile
Hampton Park VIC, 3976 2.82% $535,000 $360pw 3.5% View Suburb Profile
Narre Warren North VIC, 3804 11.45% $1,226,000 $488pw 2.1% View Suburb Profile
Pakenham VIC, 3810 5.10% $515,000 $360pw 3.6% View Suburb Profile
Mulgrave VIC, 3170 -6.11% $845,000 $460pw 2.8% View Suburb Profile