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Warrnambool

POSTAL CODE: VIC, 3280
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Property investments in WARRNAMBOOL fare well against the rest of the country last year, registering a median home price increase of 7.63%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, 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 $600 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 51.2 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 $635,000.

WARRNAMBOOL ranks 47th on the list of best yielding suburbs for rental properties in VIC, posting a 4.91% return.

Surburb overview

Warrnambool is a regional city on Victoria’s south-west coast, located about 260 kilometres south-west of Melbourne along the Princes Highway and the Great Ocean Road. The city serves as the primary commercial, healthcare and administrative centre for the broader south-west region.

The 2021 Census recorded a population of 35,743 people.

Warrnambool has a diverse economy supported by healthcare, education, retail trade, tourism, agriculture and manufacturing. The surrounding district has strong links to dairy farming and livestock production, while coastal tourism contributes significantly to local employment and business activity.

Housing in the city includes established residential suburbs, newer housing estates, coastal properties and semi-rural developments on the urban fringe. Detached houses account for most occupied private dwellings across the municipality.

Warrnambool railway station is the western terminus of the V/Line Warrnambool line, providing passenger rail services to Melbourne and regional centres across western Victoria.

The city contains major healthcare and education facilities, including South West Healthcare, Deakin University’s Warrnambool campus and South West TAFE.

Recreation opportunities include beaches, walking tracks, sporting reserves and the Warrnambool foreshore precinct. Logan’s Beach is known for seasonal southern right whale sightings, while the nearby Hopkins River supports fishing and boating activities.

The city also hosts annual cultural and sporting events, including the Warrnambool May Racing Carnival and the Port Fairy Folk Festival in the wider region.

Warrnambool continues to operate as a major regional centre for south-west Victoria, combining coastal tourism, regional services and connections to the agricultural industry. 

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