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Suburb Insights ยท VIC 3805

Narre Warren 3805, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Narre Warren is a regional centre in Victoria, Australia, with a population of approximately 27,689, making it a sizeable community. Located approximately 38 km from the Melbourne CBD, Narre Warren is a regional area in Victoria. The median household income is $90,532 AUD per year (ABS 2021 Census).

Investment Score

55 / 100 Moderate

Strong household incomes in Narre Warren underpin solid property demand. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Narre Warren, Victoria, Australia.

Key Indicators

Postcode
3805

Official Australia Post postcode for Narre Warren. A postcode may cover multiple suburbs.

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Population
27,689

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$360/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$90,532/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
38 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
7

Estimated 7 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
11

Estimated 11 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,733/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
88% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Narre Warren serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $360/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,733/month. The median household income of $90,532/year reflects a solid demographic, supporting sustainable rental demand. 88% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Narre Warren could work well with careful property selection and a longer time horizon.

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Rental Yield

Expect competitive but not exceptional rental returns in Narre Warren's current market.

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Renovation / Flip

Limited buyer depth in Narre Warren makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Narre Warren property

Full Property Analysis

30-year projections for Narre Warren

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Moderate

Price movement in Narre Warren is expected to be flat to modest in 2026, reflecting broader regional market conditions. Tenants in Narre Warren have options โ€” presenting well-maintained properties is key to minimising vacancy. The market mood around Narre Warren is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Narre Warren a good suburb for investment?

Narre Warren is a regional area in Victoria with a population of 27,689. The median rent is $360/week and the median household income is $90,532/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Narre Warren?

Key demand drivers in Narre Warren include regional employment hubs, lifestyle, and affordability. 88% of dwellings are separate houses. The area has approximately 7 schools and 11 parks nearby.

What is the population of Narre Warren?

According to the ABS 2021 Census, Narre Warren has a population of approximately 27,689. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Narre Warren from the Melbourne CBD?

Narre Warren is approximately 38 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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