Suburb Profile

Suburb profile for,

Narre Warren, VIC 3805

About Narre Warren

Narre Warren (3805) is a suburb in Victoria that continues to attract attention from both homeowners and investors.

Demographics and Community

Narre Warren has a population of approximately 26,623, a median age of 35, a median weekly household income of $1,456.

Property Market Overview

The current median house price in Narre Warren is $735,000. Average annual growth is 3.5%.

Properties in Narre Warren spend an average of 30 days on market.

Rental Market

The median weekly rent for houses in Narre Warren is $380. Gross rental yield is 3.20%, which is typical for a growth-oriented market.

Nearby Suburbs

Explore other suburb profiles in the area: Berwick, VIC, Beaconsfield, VIC, Endeavour Hills, VIC, Officer, VIC, Pakenham, VIC.

Considering Narre Warren for Investment?

Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Narre Warren or need help identifying the right suburb for your strategy, get in touch with our team.

SUBURB DATA

Quantitative data for,

Narre Warren, VIC 3805

The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.

State
VIC
Suburb
NARRE WARREN
Postcode
3805
Median price for all dwellings
$735,000
Last 12 months growth return
Up 3.5%
Avg. dwellings for sale in the suburb every month
85
Avg. dwellings sold in the suburb in previous 12 months
315
Avg days on market for a dwelling listing to sell
30 days
Avg. number of people searching in this suburb every month
3514
Avg. rental yield per annum
3.20%
Weekly median rent for all dwellings
$380 per week
Median price for all houses
$735,000
Avg. rental yield growth in the previous 12 months
3.20%
Avg. days for a rental listing to find a tennant
22 days
Total suburb population in 2016
26623
Total suburb population change in 5 years up to 2016
2.90%
Avg. household income per week
$1,456
Median age of the population in the suburb
35
Historic avg annual growth return per annum in the suburb
5.01%