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Warwick
AREA REPORTS

Warwick

Warwick - SUBURB PROFILE REPORT
POSTAL CODE: WA, 6024

house
unit

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

The suburb 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 $612,500.

The upward trend in home prices in WARWICK, 6024 averaged 5.85% per annum over a 3-year period.

Average weekly rents on listings have reached the $500 mark, reflecting a 4.24% increase in returns based on the current median price in WARWICK.

An average of 6.17 real estate transactions take place per month in WARWICK which translates to 74 per annum.

74 properties were sold in WARWICK in 2016, making it the 58th most active market in WA based on total real estate transactions.

WARWICK, 6024 places 132nd in Australia based on median property value growth during the quarter.

Data report can be found below

Warwick
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $612,500 $423,500
GROWTH REPORT
Median Quarterly 4.7% 16.03%
Median 12 month 15.57% 21%
Median 3 years 17.56% N/A
Median 5 years 8.41% N/A
10 years average annual 2.23% 28.07%
Weekly media advert. rent $500 N/A
Time on Market 32.4 days 0.0 days
Gross Rental Yield Percent 4.24% N/A
demographics (median values)*
Total Population
13347
Weekly Household Income
1662
Household Size
2.60
Age
40
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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