The Narre Warren median house price sits at $790,000 for the April to June 2025 quarter, representing a quarter-on-quarter increase of 5.3% and a year-on-year gain of 4.6%, according to DataVic and REIV data. If you are buying, selling, or investing in Narre Warren, those headline numbers are the anchor point for every conversation about property value in the suburb right now.

What Is the Narre Warren Median House Price Right Now?

Based on DataVic and REIV figures (via the Collings CRM dataset), the Narre Warren property market recorded the following results for the April to June 2025 quarter:

• Median house price: $790,000 (QoQ: +5.3% | YoY: +4.6%)
• Median unit price: $610,000 (QoQ: +11.9% | YoY: +1.4%)

The standout figure here is the unit market. A 11.9% quarterly jump in the median unit price to $610,000 signals that buyer demand for more affordable attached dwellings in the corridor is intensifying. This is consistent with broader south-east Melbourne trends, where lifestyle suburbs within commuting distance of the CBD are attracting both owner-occupiers and investors who have been priced out of inner-ring markets.

For context, the house median at $790,000 remains meaningfully below the Greater Melbourne median, which CoreLogic data has consistently reported above the $900,000 mark in recent quarters. That relative affordability gap continues to drive demand from first-home buyers and upsizers looking for land size and value.

What Do the Numbers Say About Narre Warren’s Property Market?

Numbers only tell part of the story. To understand why the median house prices in Narre Warren have moved the way they have, it helps to look at the suburb’s demographic foundation.

According to ABS Census 2021 data, Narre Warren records:

• Population: 27,689 residents
• Median age: 35.0 years
• Median household income: $1,741 per week
• Median rent: $360 per week

A median household income of $1,741 per week (ABS Census 2021) means the typical Narre Warren household can service a mortgage on a $790,000 home at current interest rates with a reasonable deposit, particularly compared to inner-city equivalents. This income-to-price ratio is a key reason the suburb maintains genuine owner-occupier demand rather than being solely speculative.

The median age of 35 years tells another important story: Narre Warren skews young, with a large cohort of families and working-age professionals who are in the prime buying years of their lives. This age demographic tends to prioritise school catchments, park proximity, and home size, all of which Narre Warren delivers in abundance.

For investors, the median rent of $360 per week (ABS Census 2021) on a unit median of $610,000 implies a gross rental yield in the vicinity of 3.1%. While that yield is modest, the strong capital growth trajectory, particularly the 11.9% quarterly gain in units, suggests the suburb rewards a total-return investment approach rather than a pure income play.

How Does Narre Warren Compare to Other Melbourne Suburbs?

Buyers and investors often benchmark Narre Warren against other Melbourne markets before committing. If you are comparing south-east growth corridors to inner-north established suburbs, the price differential is significant. For example, our detailed analysis of the median house price in Northcote shows a very different price point and yield profile to what you find in Narre Warren, reflecting the premium that inner-ring lifestyle and land scarcity commands. Similarly, reviewing the median house price in Preston illustrates how mid-ring suburbs price relative to the south-east growth corridor.

Understanding where Narre Warren sits in the broader Melbourne landscape helps buyers make informed decisions about trade-offs between price, yield, growth potential, and lifestyle amenity.

What Are the Key Considerations When Buying or Selling in Narre Warren?

Whether you are buying in Narre Warren, selling in Narre Warren, or evaluating an investment in Narre Warren property, the following factors are material to your decision-making.

For Buyers

• School catchments matter: Narre Warren sits within catchments for a range of well-regarded state and Catholic schools, which significantly influences buyer competition in family-oriented streets.
• Land size and zoning: Many blocks in Narre Warren are zoned General Residential or Neighbourhood Residential, which affects future subdivision and development potential. Always verify with Casey City Council before purchasing with a development angle.
• Infrastructure pipeline: The south-east corridor continues to benefit from state government investment in road and public transport upgrades, which supports long-term capital growth.
• Interest rate sensitivity: The RBA’s cash rate decisions since 2022 have materially affected borrowing capacity. At the time of writing in mid-2026, buyers should stress-test their borrowing capacity against potential rate movements before committing at the $790,000 median or above.

For Sellers

• Presentation and styling: With a QoQ price gain of 5.3%, correctly positioned, well-presented homes in Narre Warren are achieving premium results above the median. Under-investing in presentation is one of the most common and costly mistakes vendors make.
• Campaign timing: Spring and autumn auction campaigns typically deliver the strongest clearance rates in the Casey LGA. Strategic timing around the school calendar also matters for family-oriented properties.
• Accurate appraisal: Given the pace of quarterly price movement, relying on a valuation from six or twelve months ago can mean either leaving money on the table or overpricing and stalling the campaign. A current, evidence-based appraisal is essential.

For Investors

• Unit market momentum: The 11.9% quarterly gain in the unit median to $610,000 (DataVic/REIV, Apr-Jun 2025) is exceptional by any measure. Investors who bought units in Narre Warren 12 to 18 months ago have seen meaningful capital appreciation.
• Rental vacancy: SQM Research data has shown south-east Melbourne vacancy rates consistently below 2% through 2024 and into 2025, supporting rental income reliability.
• Depreciation and tax structure: Newer stock in Narre Warren often carries meaningful depreciation schedules. Engaging a quantity surveyor before settlement is a straightforward way to maximise after-tax returns.

If you are evaluating comparable inner-north investment markets, our guide to the median house price in Reservoir provides a useful contrast in terms of yield, demographics, and growth drivers.

How Does Collings Real Estate Help Buyers, Sellers and Investors in Narre Warren?

Collings Real Estate brings data-led expertise and local market knowledge to every engagement in the Narre Warren property market. Whether you are a first-home buyer trying to understand where the $790,000 median sits relative to what is actually available on the market, a vendor wanting to maximise your sale result in the current growth environment, or an investor analysing whether the unit market momentum justifies a purchase, our team works with the same verified DataVic, REIV, and ABS datasets you have seen cited throughout this page.

Our approach combines:

• Comparable sales analysis: Recent sold data from the Narre Warren market, matched to your specific property type, size, and street, so your appraisal reflects what buyers are actually paying today, not six months ago.
• Suburb intelligence: We track quarterly price movements, days on market, vendor discount rates, and auction clearance rates across Casey LGA so our advice is grounded in current evidence.
• End-to-end support: From your first appraisal conversation through to settlement, our team manages the process with transparent communication and genuine accountability.

The single most valuable first step for any property owner in Narre Warren is a current, accurate appraisal. Market conditions have moved materially in recent quarters, and understanding your property’s true position in today’s market opens every other conversation about timing, strategy, and outcome.

Request a free property appraisal from the Collings team today and get a clear, evidence-based picture of what your Narre Warren property is worth in the current market.

Frequently Asked Questions About Narre Warren Median House Prices

What is the median house price in Narre Warren in 2025?

According to DataVic and REIV data, the median house price in Narre Warren was $790,000 for the April to June 2025 quarter, up 5.3% quarter-on-quarter and 4.6% year-on-year.

What is the median unit price in Narre Warren?

The median unit price in Narre Warren was $610,000 for the April to June 2025 quarter (DataVic/REIV), representing a significant 11.9% increase quarter-on-quarter and a 1.4% gain year-on-year.

Is Narre Warren a good suburb to invest in?

Narre Warren shows strong capital growth indicators, including a 5.3% quarterly house price gain and an exceptional 11.9% quarterly unit price gain as of April to June 2025 (DataVic/REIV). Combined with a youthful demographic profile (median age 35, ABS Census 2021) and consistent rental demand, it presents a compelling case for a total-return investment strategy.

What is the median household income in Narre Warren?

The ABS Census 2021 records a median household income of $1,741 per week in Narre Warren, which is above the national median and supports strong owner-occupier demand in the suburb.

How has the Narre Warren property market performed year-on-year?

House prices in Narre Warren grew by 4.6% year-on-year to reach a median of $790,000 in the April to June 2025 quarter. Unit prices grew by 1.4% year-on-year to $610,000 over the same period (DataVic/REIV).