Thinking about buying in Narre Warren? Now could not be a better time, with 13459 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $952,000 with prices in this suburb ranging from $298,000 to $74,151,000. The aproximate distance to the coast is 15 Km.
Median Weekly Rent | $378.90 |
Median Monthly Mortgage | $1721.90 |
Median Persons Per Bedroom | 0.83 |
Average Household Size | 2.92 |
Average Age | 37.18 |
Average Income | $732.08 |
Average Cars Per Dwelling | 2.01 |
Average Properties Within 50M | 46 |
1 Bed  $674,000 |
2 Bed  $671,000 |
3 Bed  $915,000 |
4 Bed  $1,031,000 |
5 Bed  $1,174,000 |
6 Bed+$1,240,000 |
Consistent high demand relative to supply is a key feature in Narre Warren driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Narre Warren due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Narre Warren provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Narre Warren to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Narre Warren we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Narre Warren a better buying opportunity than it may have been in the past.
Oatlands Primary School
Fountain Gate Primary School
Fleetwood Primary School
Maramba Primary School
Dandenong Valley Special Developmental School
Fountain Gate Secondary College
Don Bosco School
Mary MacKillop School
Timbarra P-9 College
Berwick Lodge Primary School
(While the above schools are located with the suburb of Narre Warren there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 2.1 | 13.1 | 24.6 | 43.5 | 90.7 | 1.8 | 23.4 |
Feb | 2.4 | 13.1 | 24.1 | 44.7 | 90.3 | 1.7 | 19.7 |
Mar | 2.7 | 12.1 | 21.2 | 50.5 | 90.7 | 1.6 | 14.6 |
Apr | 4.0 | 9.8 | 16.7 | 59.8 | 91.8 | 1.4 | 10.9 |
May | 4.3 | 7.7 | 12.8 | 67.1 | 92.3 | 1.5 | 7.1 |
Jun | 3.6 | 5.8 | 10.4 | 72.4 | 94.3 | 1.5 | 6.5 |
Jul | 3.7 | 5.2 | 9.7 | 71.5 | 94.2 | 1.9 | 6.7 |
Aug | 4.1 | 5.0 | 10.6 | 64.9 | 93.7 | 1.8 | 9.0 |
Sept | 3.3 | 6.8 | 13.9 | 57.2 | 92.5 | 1.7 | 13.4 |
Oct | 3.3 | 8.6 | 17.6 | 51.9 | 91.9 | 1.7 | 17.7 |
Nov | 4.1 | 9.7 | 19.5 | 48.7 | 94.0 | 1.6 | 21.0 |
Dec | 2.1 | 11.6 | 22.6 | 46.4 | 91.4 | 1.6 | 24.5 |
source: Australian Government Bureau of Meteorology
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