Yarra Ranges · 3804
Narre Warren North, VIC
population +7.8% (5y), listings tightening 5.0% YoY.
NextSuburb scoreTier D
38Below trend
Median house
$1.11M
5y growth
0.8%/yr
Gross yield
1.9%
Vacancy
1.4%
Late-cycle holdHigh confidence
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)0.8%/yr8/100
- Population growth+7.8% (5y)78/100
- Supply tightening-5.0% YoY75/100
- Rental yield1.9%38/100
- Rental demand1.4% vacancy65/100
- Income growth+16.0% (5y)64/100
- Construction pipelineno nearby pipeline0/100
- Affordability26% under cap26/100
Why this score
Narre Warren North scores 38/100 (Below trend). The two strongest signals: 7.8% population growth over five years and 1.4% vacancy rate. The standout watch-out: gross yield of 1.9% leaves modest cashflow.
Drivers
- Population growth+7.8% (5y)
- Supply tightening-5.0% YoY
- Tight rentals1.4%
- Income growth+16.0% (5y)
Risks
- Thin gross yield (1.9%)
- Modest 5y growth (0.8%/yr)
Nearest infrastructure
Suburban Rail Loop East — Glen Waverley17.2 km away
Construction · $5.0bn · completion 2035
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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