The numbers, in plain English
To rent in Narre Warren South without housing stress, a household income of about $111,000/year keeps the rent of $640/week at or below 30% of gross income — the standard affordability benchmark. That rent is our modelled median (no bond data published for Narre Warren South yet). Check your income →
To buy the median home ($820,000) with a 20% deposit of $164k, repayments at 6.2% over 30 years come to about $4,018/month — comfortable on roughly $161,000/year under the same 30% rule. Saving that deposit at $1,500/month takes about 9.1 years, before stamp duty of $44k. Run your own loan →
That price is the real median of 425 house sales in Narre Warren South, published by the state land authority — not an estimate.
Compared to the rest of Victoria, Narre Warren South is more expensive to buy than 90% of the state's suburbs (state median $330k) and pricier to rent than 90% (state median $445/week). It sits roughly 40 km from the Melbourne CBD as the crow flies.
For investors, the median rent against the median price gives a gross rental yield of about 4.1% before costs. Net yield calculator →
Modelled medians, not valuations — every formula above is documented on our methodology page.
Affordability by income
$60k income
Rent ($640/wk)
Over budget
Budget: $346/wk
Buy ($820k)
Repayments are a stretch
$3,933/mo · deposit in ~18.3yr
$90k income
Rent ($640/wk)
Over budget
Budget: $519/wk
Buy ($820k)
Repayments are a stretch
$3,933/mo · deposit in ~12.2yr
$120k income
Rent ($640/wk)
Affordable
Budget: $692/wk
Buy ($820k)
Repayments are a stretch
$3,933/mo · deposit in ~9.2yr
Based on 30% gross income rule for rent; 6% p.a. / 30-year P&I loan at 20% deposit for purchase; 15% savings rate for deposit timeline.
Upfront buying costs
| Purchase price | $820k |
| 20% deposit (no LMI) | $164k |
| Stamp duty (Victoria) | $44k |
| Stamp duty (first home buyer) | Same — check eligibility |
| Conveyancing (est.) | $1,500 – $3,000 |
| Building inspection (est.) | $400 – $700 |
| Total upfront (est.) | $211k |
Who lives here & what's nearby
Real figures for Narre Warren South — measured, not modelled.
How Narre Warren South compares
- Households here earn about 41% more than the typical suburb in Victoria.
- Younger than average — a median age of 35 vs 46 statewide.
Demographics and tenure from the ABS 2021 Census; the socio-economic score is the ABS SEIFA 2021 index of relative disadvantage, scaled 0–100 against every Australian postcode; distances and school counts from OpenStreetMap. Comparisons are against the median suburb in Victoria. Suburb-level price trends aren't shown because no open source publishes them reliably yet — see our data sources.
What's around Narre Warren South
Real places nearby — the little things that make a suburb feel like home.
- Eden Grove Reserve300 m
- Hilltop Close Reserve500 m
- Wood Road Reserve700 m
- John Byron Reserve1.1 km
- Food Trucks2.0 km
- Farmers' Market Old Cheese Factory2.2 km
- HobbyZone Electric Model Aero Club2.0 km
- Berwick Baseball Club2.6 km
- Clip n Climb2.9 km
- Narre Warren Youth Information Centre2.9 km
Places within about 3 km, from OpenStreetMap contributors — distances as the crow flies. Something missing or moved? Tell us.
Get to know Narre Warren South
Real places to see and hear what living here is actually like.
Neighbourhood at a Glance
Indicative scores based on ABS Census data modelling. Always conduct your own research.
Related reading
Government schemes that may apply
First Home Guarantee (FHBG)
Buy with as little as 5% deposit, no LMI. Up to 35,000 places/year nationwide.
Learn more →First Home Owner Grant (FHOG)
Victoria offers a grant for eligible first home buyers purchasing new builds. Amounts vary.
Learn more →First Home Super Saver (FHSS)
Save up to $50k inside super (taxed at 15% instead of marginal rate), then withdraw for a deposit.
Learn more →Stamp duty concessions
At Narre Warren South's median of $820,000, VIC's first home buyer concession has phased out — duty is about $44,270.
Learn more →Nearby suburbs in Victoria
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Rent data for Narre Warren South sourced from the ABS 2021 Census, scaled by rental CPI to current values. Calculations use 30% gross income rule, 20% deposit, 6% p.a. loan rate over 30 years. Not financial advice.