Property value increases in Warwick have tracked just lower than the QLD average of 3.74% over the last 12 months.
While Warwick,4370 ranked number 738th in QLD for increase in median house value (annualised) increase, it is ranked 437th over the last 5 years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.16% offered to property buyers. Sellers in Warwick itself are offering an average vendor discount of -7.13% to real estate investors.
In the last year 200 properties changed hands in Warwick, which puts it as the 54th most active market in QLD when comparing the number of sales per suburb.
Property investors should expect to get $255 weekly from the median priced house in this suburb.
Over the last year, property investments in Warwick, 4370 have given investors a capital gain of -16.16%. This compares very badly with the 2.14% for QLD as a whole.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Warwick, 4370. Typically our figures indicate that -4.76% is being offered, which puts this QLD suburb at 770th most discounted overall in Australia.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
With the median price for a house in Warwick being $205000 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 6.09%