Warracknabeal

POSTAL CODE: VIC, 3393
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 26.01% 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 $272,500

The augmented property values in the suburb are trailing above the territorial average of 4.64% in 2016.

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

Home owners selling their properties and realtors in WARRACKNABEAL usually have to wait an average of 65.8 days days before their assets are lifted off the market.

The VIC suburb ranks 771st on the list of best yielding suburbs for rental properties in VIC, posting a N/A return.

It also places places 105th in Australia based on median property value growth during the quarter.

Surburb overview

Warracknabeal is a regional town in the Wimmera region of western Victoria, about 330 kilometres north-west of Melbourne and approximately 75 kilometres north of Horsham. Located within Yarriambiack Shire, the town is an important service centre for the surrounding agricultural district, with broadacre grain production, sheep grazing and associated agribusiness forming the foundation of the local economy. Warracknabeal is also recognised as the birthplace of former Australian prime minister Sir Robert Menzies.

According to the 2021 Census, Warracknabeal had a population of 2,745 people. The town has a diverse age profile, supporting a mix of families, retirees and agricultural workers, while providing education, healthcare and commercial services to residents across the wider district.

Road access is provided via the Henty Highway and Borung Highway, connecting Warracknabeal with Horsham, Hopetoun, St Arnaud and other regional centres. Public transport includes V/Line coach services linking the town with surrounding communities and connecting rail services, although most residents rely on private vehicles for day-to-day travel.

The township offers a broad range of essential amenities, including P–12 education, childcare services, a hospital, medical clinics, aged care facilities, supermarkets, specialty retail, banking, cafés, hotels and government services. As one of the largest towns in Yarriambiack Shire, Warracknabeal functions as a key service hub for neighbouring rural localities, while additional tertiary education and specialist healthcare are available in Horsham.

Recreational opportunities include football, netball, cricket, tennis, bowls, golf and swimming, supported by well-developed sporting facilities and community clubs. The Warracknabeal Heritage Centre highlights the area's history and its connection to Sir Robert Menzies, while the nearby Wimmera River provides opportunities for walking, birdwatching and picnicking. The town also offers convenient access to the Wimmera Mallee Silo Art Trail and a range of natural attractions across western Victoria.

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