The Narre Warren North median house price stood at $1.7 million for the April to June 2025 quarter, representing a 21.4% year-on-year increase and a 0.4% quarter-on-quarter gain, according to DataVic/REIV data (via the Collings CRM database). This makes Narre Warren North one of Melbourne’s outer-southeast standout performers, and a suburb that buyers, sellers, and investors are watching closely heading into 2026.

What Is the Narre Warren North Median House Price Right Now?

Based on DataVic/REIV figures (via the Collings CRM database) for the April to June 2025 quarter, the headline numbers for Narre Warren North property are:

• Median house price: $1,700,000 (QoQ: +0.4% | YoY: +21.4%)
• Median land price: $1,010,000 (QoQ: +16.8% | YoY: +17.4%)

The 21.4% year-on-year growth in the house median is a significant figure. To put it in context, a home that sold for $1.4 million in mid-2024 would, at the same rate of appreciation, be valued at approximately $1.7 million by mid-2025. For anyone buying Narre Warren North or selling Narre Warren North, that trajectory is a critical piece of market intelligence.

The land price movement is equally striking. A quarterly jump of 16.8% in land values signals strong underlying demand for development sites and large-lot lifestyle properties, which are a hallmark of this suburb. Buyers seeking acreage or prestige lots are competing in a market where supply remains constrained.

How Does Narre Warren North Compare to Other Melbourne Suburbs?

Narre Warren North sits in a very different price bracket to many inner-city Melbourne suburbs. For comparison, the median house price in Reservoir tracks closer to the $800,000 to $900,000 range, while prestige inner suburbs like Ivanhoe command medians well above $1.5 million. Narre Warren North’s $1.7 million median reflects its unique combination of generous land parcels, high household incomes, and proximity to quality schooling and green space.

What Do the Demographics Tell Us About the Narre Warren North Property Market?

Understanding who lives in a suburb is essential context for anyone investing Narre Warren North or assessing long-term capital growth potential. The ABS Census 2021 (via the Collings CRM database) paints a clear picture of an affluent, established community:

• Population: 8,033 residents
• Median age: 42 years
• Median household income: $2,634 per week
• Median rent: $410 per week

A median household income of $2,634 per week is substantially above the Australian national median of approximately $1,746 per week (ABS Census 2021). This income profile supports higher price points and indicates a buyer pool with genuine purchasing power, which underpins price stability even through market fluctuations.

The median age of 42 reflects a suburb dominated by families who have made deliberate lifestyle choices: larger blocks, quieter streets, good schools, and space for growing families. This demographic tends to hold properties for longer periods, which restricts supply and contributes to sustained price pressure when demand rises.

The relatively low median rent of $410 per week is worth noting for investors. Narre Warren North is primarily an owner-occupier suburb. Gross rental yields are consequently modest, meaning the primary investment case here is capital growth rather than rental income. The 21.4% year-on-year house price gain reinforces that growth story emphatically.

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

Whether you are buying Narre Warren North property for the first time or have owned here for decades, the current market presents distinct opportunities and challenges worth understanding carefully.

For Buyers

• Budget for the $1.7M median and above: Entry-level homes in Narre Warren North will typically sit at or above the median. Acreage properties and prestige homes can reach well beyond $2.5 million. Factor in stamp duty, conveyancing, and building inspection costs on top of the purchase price.
• Land value is rising fast: With land prices up 16.8% in a single quarter, buyers seeking vacant lots or subdividable properties should act with urgency. This rate of land appreciation is exceptional and unlikely to be sustained indefinitely.
• Off-market opportunities exist: Many premium properties in tightly held suburbs like Narre Warren North change hands without public listing. Registering with a dedicated portal gives buyers access to these opportunities before they reach the broader market.
• Due diligence on zoning: Narre Warren North includes a mix of residential, green wedge, and rural residential zoning. Always verify the zoning of any property and understand what can and cannot be built or subdivided.

For Sellers

• Strong conditions favour sellers right now: A 21.4% annual price rise means equity positions have strengthened considerably. If you purchased three to five years ago, your property has likely appreciated substantially.
• Presentation and marketing matter at this price point: Buyers spending $1.7 million or more have high expectations. Professional photography, styling, and targeted digital marketing are not optional extras; they are baseline requirements for achieving a premium result.
• Appraisal accuracy is critical: Over-pricing relative to comparable sales will stall a campaign; under-pricing leaves money on the table. A current, data-driven appraisal from an agent with local Narre Warren North experience is the essential first step.

For Investors

Investing Narre Warren North is fundamentally a capital growth play. The suburb’s high income demographic, restricted land supply in the green wedge buffer, and proximity to Casey Grammar School, Beaconhills College, and quality infrastructure all support continued demand. However, investors should be realistic: gross rental yields at this price point are low (typically 1.5% to 2.5% gross), meaning the investment case hinges on price appreciation continuing at a meaningful rate.

For investors seeking higher yields alongside growth, exploring other Melbourne suburbs can be worthwhile. The median house price in Thornbury offers a different risk-return profile worth examining as part of a broader portfolio strategy.

How Does Collings Real Estate Help You Navigate the Narre Warren North Market?

Collings Real Estate combines decades of Melbourne property expertise with a data-driven approach that goes beyond suburb-level averages. Whether you are buying, selling, or investing in Narre Warren North, our team provides strategic guidance anchored in real, current market data, not estimates or guesswork.

What We Offer

• Free property appraisals: Understand exactly where your property sits in the current Narre Warren North market, with comparable sales data to support every figure.
• Off-market property access: Register on the Collings property portal to access off-market listings and be first to know when premium Narre Warren North properties become available before public campaigns launch.
• Buyer advocacy and strategy: Our team helps buyers navigate the competitive top end of the Narre Warren North market, from initial search through to settlement.
• Vendor marketing campaigns: Tailored digital, print, and database marketing to maximise buyer competition and achieve the strongest possible result for sellers.

To speak with a Collings specialist about Narre Warren North property, contact us directly:

• Phone: 03 9486 2000
• Email: info@collings.com.au
• Office: 230 Waterdale Road, Ivanhoe, VIC 3079

Request a free property appraisal today and find out exactly what your Narre Warren North home is worth in the current market.

Frequently Asked Questions About the Narre Warren North Median House Price

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

According to DataVic/REIV data (via the Collings CRM database), the median house price in Narre Warren North for the April to June 2025 quarter was $1,700,000, up 21.4% year-on-year and 0.4% quarter-on-quarter.

What is the median land price in Narre Warren North?

The median land price in Narre Warren North for the April to June 2025 quarter was $1,010,000, representing a 16.8% increase quarter-on-quarter and a 17.4% increase year-on-year, according to DataVic/REIV data (via the Collings CRM database).

Is Narre Warren North a good suburb to invest in?

Narre Warren North presents a strong capital growth case, with house prices rising 21.4% year-on-year to the June 2025 quarter. The suburb’s high median household income of $2,634 per week (ABS Census 2021) and restricted land supply support sustained demand. Rental yields are modest, so investment returns are primarily growth-driven.

What is the population of Narre Warren North?

According to the ABS Census 2021 (via the Collings CRM database), Narre Warren North has a population of 8,033 residents, with a median age of 42 years.

How do I find out what my Narre Warren North property is worth?

The most reliable way to assess your property’s current market value is a professional appraisal from a local agent with access to recent comparable sales data. Collings Real Estate offers free property appraisals for Narre Warren North homeowners. Contact us on 03 9486 2000 or email info@collings.com.au to arrange yours.