Market snapshot
Suburb insights for Narre Warren South3805
Change suburbNarre Warren South is located 40 km south-east of the CBD. Narre Warren South is a new suburb that features a young population predominately comprised of families. It is currently undergoing significant population growth on the tail of the rapid residential development. The majority of people living in Narre Warren South are young couples and families purchasing new homes. Narre Warren South also features the Oakwood Riding School.
Sales data
Median sale price
$840k
Quarterly price change
4.7%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Narre Warren South | Metro comparison |
|---|---|---|
| 2 | - | $902,500 |
| 3 | $700,000 | $810,000 |
| 4 | $850,000 | $955,000 |
| Insight | Narre Warren South | Metro comparison |
|---|---|---|
| Clearance rate | 83.3% | 73.8% |
| Days on market | 31 | 42 |
Rental data
Median weekly rent
$565
Rental yield
3.6%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Narre Warren South | Metro comparison |
|---|---|---|
| 2 | - | $550 |
| 3 | $530 | $540 |
| 4 | $600 | $580 |
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