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Warranwood

POSTAL CODE: VIC, 3134
HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,265,000.

The downward trend in home prices in WARRANWOOD, 3134 averaged -2.1% per annum over a 3-year period.

Average weekly rents on listings have reached the $750 mark, reflecting a 3.08% increase in returns based on the current median price in WARRANWOOD.

An average of 5.5 real estate transactions take place per month in WARRANWOOD which translates to 66 per annum.

66 properties were sold in WARRANWOOD in 2016, making it the 117th most active market in VIC based on total real estate transactions.

WARRANWOOD, 3134 places 595th in Australia based on median property value growth during the quarter.

Surburb overview

Warranwood is a suburb of Maroondah, approximately 28 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has a population of 4,820.

The suburb's name combines "Warrandyte" and "Ringwood," reflecting its geographical position between these areas. This name was adopted in 1946 to provide a distinct identity for the locality.

Warranwood is characterised by its elevated terrain, tree-lined streets, and peaceful residential atmosphere. The area is known for its natural beauty, with the headwaters of Andersons and Jumping Creeks originating here, contributing to the lush greenery and abundant birdlife.

The suburb offers several parks and recreational facilities, providing residents with ample opportunities for outdoor activities. Local amenities include reserves and walking trails that enhance the community's connection to nature.

Educational facilities in Warranwood include the Melbourne Rudolf Steiner School on Wonga Road and Warranwood Primary School on Wellington Park Drive. These institutions cater to the community's educational needs, offering alternative and mainstream educational approaches.

In terms of housing, Warranwood offers a mix of property types, including standalone houses and townhouses, catering to diverse lifestyle needs. The suburb's green spaces and proximity to essential services make it an attractive location for families, professionals, and retirees.

Warranwood provides a harmonious blend of residential living, essential services, and recreational opportunities, making it a desirable suburb for those seeking a balanced lifestyle.

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