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Warrnambool

Suburb Profile

Warrnambool - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3280

house
unit

Property investments in WARRNAMBOOL fare well against the rest of the country last year, registering a median home price increase of 4.33%.

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

Based on its average 5-year and quarterly capital gains WARRNAMBOOL, 3280 saw average growth in the long term.

Real estate investors could earn a rental income of $360 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 74.6 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $359,950.

WARRNAMBOOL ranks 76th on the list of best yielding suburbs for rental properties in VIC, posting a 5.2% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $359,950 $263,500
GROWTH REPORT
Median Quarterly 2.26% 5.4%
Median 12 month 4.33% 12.13%
Median 3 years 12.13% 1.35%
Median 5 years 10.75% 1.35%
10 years average annual 2.22% 2.53%
Weekly media advert. rent $360 $280
Time on Market 74.6 days 89.2 days
Gross Rental Yield Percent 5.2% 5.53%
demographics (median values)
Total Population
27536
Weekly Household Income
842.9
Household Size
2.50
demographics
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