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Warracknabeal
AREA REPORTS

Warracknabeal

Warracknabeal - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3393

house

A steady increase in median property prices over a five-year period in the suburb translates to a 60% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $180,000

The augmented property values in the suburb are trailing above the territorial average of 18.09% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $250.

Home owners selling their properties and realtors in WARRACKNABEAL usually have to wait an average of 63.2 days days before their assets are lifted off the market.

The VIC suburb ranks 3rd on the list of best yielding suburbs for rental properties in VIC, posting a 7.22% return.

It also places places 90th in Australia based on median property value growth during the quarter.

Data report can be found below

Warracknabeal
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $180,000 N/A
GROWTH REPORT
Median Quarterly 8.76% N/A
Median 12 month 23.71% N/A
Median 3 years 60% N/A
Median 5 years 46.94% N/A
10 years average annual 4.78% N/A
Weekly media advert. rent $250 N/A
Time on Market 63.2 days N/A
Gross Rental Yield Percent 7.22% N/A
demographics (median values)*
Total Population
2685
Weekly Household Income
894
Household Size
2.20
Age
49
Monthly Loan Repayment
757
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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