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Warwick

POSTAL CODE: QLD, 4370
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WARWICK, 4370 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling WARWICK, 4370 values up and netting property investors a capital gain of 20.65% for the past year.

Investors saw the median home price rise to $555,000.

Profits due to an upward trend in home prices in the suburb averaged 17.7% per annum over a 3-year period.

WARWICK now ranks at the 243rd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WARWICK are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $525 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WARWICK, homes and units usually stay on listing for an average of 44.2 days.

In 2016, 291 properties were sold in WARWICK during the past year, making it the 446th most active market in QLD based on total real estate transactions.

Surburb overview

Warwick, the Rose and Rodeo Capital, is a charming rural town in the Southern Downs region of Queensland that offers a country lifestyle, a long history, and a strong sense of community.

Stunning heritage architecture is prevalent across the town, which also boasts agricultural significance for the South-East Queensland locale. Warwick is an idyllic destination for families and retirees seeking a peaceful retreat from the urban bustle and boasts its own heritage trail for sandstone, timber and brick buildings that have stood the test of time — and offers a nod to the township’s 1850s establishment and subsequent growth.

Just 130 kilometres southwest of Brisbane and even closer to the regional city of Toowoomba (73 kilometres south), Warwick is also the administrative centre of the Southern Downs Region local government area and serves as a service centre for the area’s agricultural workers and farmers.

The suburb is also in striking distance from the tourist hotspot of the Gold Coast (140 kilometres west), making it an enticing option for those seeking a lifestyle change.

With the Condamine River regularly flowing — and sometimes even flooding — the suburb’s residents are protected by strong town planning, which sees low-lying areas mostly used for recreational facilities, with development only occurring at higher levels away from the floodbanks.

The property market in Warwick features a diverse range of housing options, including traditional Queenslander-style homes, modern townhouses, and acreage properties, catering to various budgets and preferences, while a new drought-proof pipeline will provide certainty for the township into the future and improve investment prospects in years to come.

Warwick is serviced by the Cunningham Highway and the New England Highway, with its own CBD.

It is also home to a number of parks, several schools, a TAFE, and its own golf and turf clubs, with plenty of established infrastructure on offer for local residents.

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