Narre Warren South Property Market Overview (2026)
Narre Warren South sits in the affordable outer-suburban market. This is value territory. Prices are lower than inner Melbourne because the suburb is still developing its amenity base, but growth corridors tend to appreciate as infrastructure catches up.
Population: 30,909 (ABS Census 2021)
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $550K–$850K | $2,200–$3,400 |
| Unit/Apartment | $350K–$500K | $2,000–$3,000 |
Estimates based on Narre Warren South’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Narre Warren South
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Narre Warren South stacks up:
| Amenity Factor | Narre Warren South | Impact on Value |
|---|---|---|
| Schools | 13 | Strong — school zones drive family demand |
| Parks | 31 | High — green space is a premium driver |
| Dining & Cafes | 3 | Developing |
| Medical | 5 | Adequate |
| Supermarkets | 0 | None — drives value down |
| Gyms & Fitness | 2 | Some options |
Total amenity score: 73. Solid infrastructure that supports steady demand.
Schools (Key Value Driver)
Narre Warren South has 13 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Narre Warren South P–12 College | 79-125 Amberley Park Drive |
| Hillsmeade Primary School | 82S The Promenade |
| Trinity Catholic Primary School | 103-129 Oakgrove Drive |
| Fleetwood Primary School | 97 Fleetwood Drive |
| Alkira Secondary College | — |
| Don Bosco Primary School | 496-502 Princes Highway |
| Berwick Lodge Primary School | 139-145 Mansfield Street |
| Berwick Fields Primary School | 35 Gwendoline Drive |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $260–$360 |
| 2 Bedroom | $350–$450 |
| 3 Bedroom | $450–$600 |
Rental yield estimate: 4.5–5.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Narre Warren South
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Narre Warren South are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Narre Warren South Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Narre Warren South
- Best Cafes in Narre Warren South
- Best Bars in Narre Warren South
- Cost of Living in Narre Warren South
- Narre Warren South Neighbourhood Guide
- Family Guide to Narre Warren South
- Is Narre Warren South Safe?
- Narre Warren South Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
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