Real Estate Narre Warren Vic 3805

Narre Warren: Sporty, Aussie Rules football, actor Hugh Jackman, mass shooting

Housing Market in Narre Warren

Key Narre Warren Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$583	Bottom 49%	206% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Narre Warren

Narre Warren Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Narre Warren

23.3%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	160	Top 16%	171% to Jun 2025
Developments	0.8	Bottom 31%	Data for Jul 2023
Housing Stock Quality Indicator	51.8	Top 14%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	67 lots	Top 10%	272% to May 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	57	Top 1%	1040% to Mar 2025

Housing Stock Quality in Narre Warren

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	92.7%	Bottom 24%	0% to Jan 2021
Average bedrooms - all homes	2.9	Top 17%	Data for Jan 2021
NBN connection: fibreoptic cable to node	22.3%	Top 12%	Data for Jun 2023

Development Restrictions in Narre Warren

Narre Warren Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Narre Warren

32.5%

Melbourne

36.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Total area	13.0 sq km	Top 41%	Data for Jan 2021
Heritage overlay total area	0.1 sq km	Top 31%	Data for Jun 2023
Residential density	368 sqm per resident	Bottom 16%	Data for Jan 2021

Risk in Narre Warren

Narre Warren Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Narre Warren

51.5

Melbourne

49.7

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	78.2%	Bottom 14%	1% to May 2023
% Rentals	21.8%	Top 14%	5% to May 2023
Housing Affordability Index	41	Top 26%	Data for Jun 2023
Median monthly mortgage	$1,810	Bottom 42%	17% to May 2023
Rent Affordability Index (Houses)	79	Top 46%	Data for Jun 2023
Rent Affordability Index (Units)	73	Bottom 35%	Data for Jun 2023
Mortgage as a percent of income	22.9%	Top 46%	9% to Jan 2021
Mortgaged Dwellings	48.6%	Top 24%	10% to May 2023

Housing Demand in Narre Warren

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Narre Warren

89.3%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	16000	Top 33%	7% to Dec 2036
Historical Population (SA3)	142000	Top 14%	36% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	483000	Top 1%	168% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Narre Warren

Narre Warren Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$491	Top 49%	204% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	70.8%	Bottom 46%	10% to Mar 2025

Median House Rental Prices by Street (100)

Street	Date	Median rent (per week)
Fleetwood Dr	22 Mar 2025	$600
Franleigh Dr	22 Mar 2025	$550
Fountain Dr	22 Mar 2025	$530
Facey Ct	22 Mar 2025	$565
Garnet Cl	22 Mar 2025	$565

LGA Details (1)

Headline	Place	Datetime
Local government area	Casey

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
57.8%	Fountain Dr	quite tightly held	Every 17.3 years (quite tightly held)	2025
76.5%	New England Way	average turnover	Every 13.1 years (average turnover)	2025
61.3%	Norfolk Dr	quite tightly held	Every 16.3 years (quite tightly held)	2025
62.5%	Larkrise Ct	quite tightly held	Every 16.0 years (quite tightly held)	2025
84.0%	Madison Ave	average turnover	Every 11.9 years (average turnover)	2025

Realtors (9)

Headline	Place	Datetime
1stop property care
Barry Plant Narre Warren	7/64 Victor Cres
Century 21 Property Specialists	109/65 Victor Cres
O'Brien Real Estate Narre Warren	32 Overland Dr
LJ Hooker Narre Warren	Suite 4

Accommodation Options (6)

Headline	Place	Datetime
Eview Group - South East	Ground Floor Building 2 30-32 Verdun Dr
Just Real Estate	Suite 10 26-28 Verdun Dr
Exodus Travel Agency	Suite 10 26-28 Verdun Dr
Real Estate Raja	Level 2 Suite 1 66 Victor Crst
Quest Narre Warren	Cnr Princes Hwy and Verdun Drive

Percent of Renters by Street (100)

Percent of Renters	Street
63.0%	Abelia Rise
44.1%	Aberdeen Ct
50.0%	Acre Ct
85.7%	Ada Ct
50.3%	Adele Cl

Businesses (99)

Name	Address
Delplant Pty Ltd	Factory 1/4-6 Len Thomas Pl, Narre Warren VIC 3805, Australia
Hometec Industries	9 Deblin Dr, Narre Warren VIC 3805, Australia
Cornell Concrete Constructions	9 Len Thomas Pl, Narre Warren VIC 3805, Australia
Ethan homes	6 Feodora Cres, Narre Warren VIC 3805, Australia
LACHIN CONSTRUCTIONS PTY LTD	64 Victor Cres, Narre Warren VIC 3805, Australia

Planning Applications: Dwellings (40)

Headline	Place	Date
Amendment to Amended Planning Permit PPA24-0046 (PA23-0354 - Development of a Second Dwelling, Subdivision of Two Lots and Variation of Easement) - Casey City Council PPA25-0026	1 Cathie Court Narre Warren VIC 3805	14 Mar 2025
Development of a Second Dwelling and Additions and Alterations to Existing Dwelling - Casey City Council PA25-0100	1 Jade Court Narre Warren VIC 3805	13 Mar 2025
5 lot subdivision based on approved development permit for five new dwellings - DWELLINGS WILL NOT BE CONNECTED TO GAS - Streamlined Planning through Electronic Applications and Referrals S243991E	11 Hermitage Rise, Narre Warren VIC 3805	15 Feb 2025
Amendment to Planning Permit PA23-0637 (Development of Eight Dwellings) - Casey City Council PPA25-0003	37-39 Meadow Wood Walk Narre Warren VIC 3805	23 Jan 2025
Two-lot subdivision of approved dual occupancy development. - Streamlined Planning through Electronic Applications and Referrals S242847H	12 Saxonwood Drive, Narre Warren VIC 3805	22 Jan 2025

Planning Applications: Industrial (2)

Headline	Place	Date
VICSMART - Development of Alterations and Additions to an existing Warehouse - Casey City Council VS25-0014	Unit 1/22 Vesper Drive Narre Warren VIC 3805	08 Feb 2025
Use and Development of Offices, Warehouses and Reduction in Car Parking Requirements - Casey City Council PA23-0745	75S Victor Crescent Narre Warren VIC 3805	21 Jan 2024

Planning Applications: Other (58)

Headline	Place	Date
Amendment to Planning Permit PA20-0761 (Use and Development of a Child Care Centre and Internally Illuminated Signage) - Casey City Council PPA25-0004	8 Western Way Narre Warren VIC 3805	08 Feb 2025
Amendment to Planning Permit PlnA00852/17 (Use of a Veterinary Clinic, Advertising Signage and Reduction in Car Parking Requirements) - Casey City Council PPA24-0175	Shop 4/471 Princes Highway Narre Warren VIC 3805	04 Jan 2025
Use and Development of a Medical Centre and Reduction in Car Parking Requirements - Casey City Council PA24-0716	517 Princes Highway Narre Warren VIC 3805	04 Jan 2025
Amendment to Amended Planning Permit PPA22-0137 (PlnA01170/18 - Development of Multi Dwellings, Staged Subdivision, Reduction in Car Parking Requirements, Variation of an Easement, Development and Subdivision within the Land Subject to Inundation Overlay, and Use and Development of Child Care Centre, Food and Drink Premises, Convenience Store, Leisure and Recreation Facilities (Basketball Court, Multi Purpose Hall, Swimming Pool and Gymnasium) to include use and development of pedestrian bridge over railway line) - Casey City Council PPA24-0148	132S Centre Road Narre Warren VIC 3805	04 Dec 2024
Amendment to Amended Planning Permit PPA22-0137 (PlnA01170/18 - Development of Multi Dwellings, Staged Subdivision, Reduction in Car Parking Requirements, Variation of an Easement, Development and Subdivision within the Land Subject to Inundation Overlay, and Use and Development of Child Care Centre, Food and Drink Premises, Convenience Store, Leisure and Recreation Facilities (Basketball Court, Multi Purpose Hall, Swimming Pool and Gymnasium) to include use and development of pedestrian bridge over railway line) - Casey City Council PPA24-0148	132S Centre Road Narre Warren VIC 3805	04 Dec 2024

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$507,500	Madison Ave
10 May 2024	$12,000,000	Victor Cr
10 May 2024	$500,000	Victoria Rd
10 May 2024	$600,000	Princes Hwy
10 May 2024	$567,500	Vimini Dr

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
15 Edmonds St	$815,000	4.0	2.0	2.0	20 Mar 2025	On Market
15 Debanne Ct	$817,500	3.0	2.0	2.0	19 Mar 2025	On Market
8 Cottonwood Ct	$785,000	3.0	2.0	2.0	19 Mar 2025	On Market
27 Tarcoola Dr	$740,000	3.0	2.0	1.0	19 Mar 2025	On Market
133 Kurrajong Rd	$770,000	3.0	2.0	2.0	18 Mar 2025	On Market

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Kensington Pl	10 May 2024	$900,000
Kopje Pl	10 May 2024	$680,000
Cisticola St	10 May 2024	$660,500
Lancaster Ave	10 May 2024	$586,000
Columbia Rd	10 May 2024	$758,800

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
1 Fortune Pl	$580	3.0	2.0	1.0	14 Mar 2025
1 Fortune Pl	$580	3.0	2.0	1.0	14 Mar 2025
1 Fortune Pl	$580	3.0	2.0	1.0	14 Mar 2025
Unit 2, 8 Lancaster Ave	$480	2.0	1.0	1.0	07 Feb 2025
Unit 2, 8 Lancaster Ave	$480	2.0	1.0	1.0	07 Feb 2025

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
9 Juncus St	$580	3	3	2	21 Mar 2025
53 Emily Dr	$5,202,260	4	2	2	21 Mar 2025
83 Elstar Rd	$580	3	2	2	21 Mar 2025
9 Juncus St	$580	3	3	2	21 Mar 2025
21 Blackwood Dr	$580	3	2	2	20 Mar 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 10, 16 Sylvanwood Cr	$680,000	3.0	2.0	2.0	21 Mar 2025	On Market
Unit 10, 16 Sylvanwood Cr	$680,000	3.0	2.0	2.0	21 Mar 2025	On Market
4 Cassa Blue Circuit	$632,500	3.0	2.0	2.0	08 Mar 2025	On Market
4 Cassa Blue Circuit	$632,500	3.0	2.0	2.0	08 Mar 2025	On Market
4 Cassa Blue Circuit	$632,500	3.0	2.0	2.0	08 Mar 2025	On Market