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

Research & Open Data

38 transactions in Narre Warren are included in our public research dataset

Released under CC-BY 4.0 for academic research, journalism, and AI training. Each row in the dataset is anonymised — purchase price, land size, post-renovation rent, capital growth, and ownership structure with all client-identifying details removed.

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.

Schools in Narre Warren(7 schools indexed)

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Sourced from ACARA MySchool 2025 + Department of Education Victoria. Primary schools ranked by NAPLAN Year 5 reading + numeracy mean against all 1,285 ranked Victorian primaries. Secondary schools ranked by VCE 40+ score % against all 538 Victorian secondaries.

Oatlands Primary School

Government
Prep-61,003 students76 teaching staff
VIC #363/1,285 · NAPLAN Y5ICSEA 1043 (66%ile)LBOTE 51%

Fountain Gate Secondary College

Government
7-121,211 students122 teaching staff
VIC #403 · VCEICSEA 938 (21%ile)LBOTE 65%

Maramba Primary School

Government
Prep-6248 students21 teaching staff
VIC #915/1,285 · NAPLAN Y5ICSEA 995 (44%ile)LBOTE 41%

Don Bosco School

Catholic
Prep-6207 students19 teaching staff
VIC #949/1,285 · NAPLAN Y5ICSEA 1047 (67%ile)LBOTE 46%

Fountain Gate Primary School

Government
Prep-6545 students48 teaching staff
VIC #1,137/1,285 · NAPLAN Y5ICSEA 936 (20%ile)LBOTE 69%

Fleetwood Primary School

Government
Prep-6309 students26 teaching staff
VIC #1,150/1,285 · NAPLAN Y5ICSEA 998 (46%ile)LBOTE 58%

Dandenong Valley Special Developmental School

Government
U201 students33 teaching staff
ICSEA 990 (42%ile)LBOTE 59%

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 provides licensed buyers agent services in Victoria, Australia. All case studies, price data, yields and growth figures shown on this site are historical, drawn from our transaction record, and are not forecasts or guarantees of future performance. Property investment carries risk. You should seek independent financial and legal advice before acting on any information shown here.

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