South-East Melbourne · 3805 · 40 km from CBD

Buyer's Agent in Narre Warren

Narre Warren is a step up in the south-east corridor, with larger lots averaging nearly 1,000 sqm and higher-quality tenant demographics. The proximity to Fountain Gate shopping centre and strong transport links justify the higher entry price. Properties here offer significant subdivision potential — several lots in our portfolio exceed 1,000 sqm with "one into two" or "one into three" development upside.

Avg Purchase

$830K

$656,000 – $1,560,000

Avg Rent

$756/wk

$505 – $1,200/wk

Avg Yield

4.51%

3.74% – 5.31%

Avg Land

998 sqm

549 – 4,445 sqm

Avg Capital Gain

$49K

Per property

Properties Tracked

12

In our portfolio

Why Invest in Narre Warren?

1

Home to Westfield Fountain Gate — Australia's second-largest shopping centre

2

Narre Warren train station with express services to CBD

3

Extremely high rental tenant quality documented across portfolio

4

Monthly appreciation of $5,000+ during 2025

5

Large lot sizes (avg 998 sqm) with subdivision potential

6

RGZ rezoning creating development upside

Case Study: Narre Warren — RGZ Development Play

Purchase Price

$738K

Current Value

$772K

Weekly Rent

$700/wk

Land Size

700 sqm

Purchased at $738K with RGZ zoning, bank valuation $772K. The 700+ sqm lot with 90% land value ratio has dual-occupancy or subdivision potential. Current rent $700/wk with plans to add granny flat for total $1,000+/wk.

Living in Narre Warren

Transport

Narre Warren station (Cranbourne/Pakenham line) — 50 min to Flinders Street. Princes Highway and Monash Freeway access.

Schools

Narre Warren South P-12 College, Fountain Gate Secondary, Nossal High School (selective entry). Premium schooling options.

Infrastructure & Amenities

Westfield Fountain Gate (500+ stores), Casey Central Town Centre, Bunjil Place arts centre, multiple sporting reserves.

Demographics

Established middle-class families. High owner-occupier rate. Growing population with diverse ethnic mix. Strong community facilities and sporting clubs.

Ready to Invest in Narre Warren?

Our team has sourced 12+ properties in Narre Warren. Book a free strategy call to discuss your investment goals.

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Important Information

PremiumRea Pty Ltd is a licensed Victorian real-estate buyer's agency. We are not a licensed financial adviser, tax agent, credit provider, or lawyer. Information on this website — including portfolio data, yields, capital gains, testimonials, suburb statistics, and guides — is general in nature only and does not take into account your objectives, financial situation, or needs. Past performance is historical and is not a reliable indicator of future results. Obtain independent professional advice before acting on anything you read here.

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