Suburb Profile Report for Warwick QLD (4370)

Warwick House: Median price $250,000, Annual capital growth 4.63%, Number of sales 209, Weekly median advertised rent $255

Warwick Unit: Median price $205,000, Annual capital growth 5.15%, Number of sales 22, Weekly median advertised rent $240

  • House
  • Unit
Source: RP Data
  • Median price
  • Number of sales

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With a capital gain of -1.57% for the last 12 months, Warwick, 4370 has performed for property investments than its average annual 4.63% property growth over the last 5 years.

While Warwick,4370 ranked number 748th in QLD for increase in median house value (annualised) increase, it is ranked 460th 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 -7.10% offered to property buyers. Sellers in Warwick itself are offering an average vendor discount of -7.23% to real estate investors.

In the last year 209 properties changed hands in Warwick, which puts it as the 51th most active market in QLD when comparing the number of sales per suburb.

A $255 per week rent on the median house gives suburb investors a gross yield of circa 5.30%, without taking into account capital value appreciation, which has been averaging out at 4.63%.

Warwick has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -16.16% to date .

Comparing Warwick,4370 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property investors looking for a bargain in Warwick should be aiming for at least -4.76% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $240 mark per week – giving a return of 6.09% based on the median price in Suburb

HOUSE UNIT
$250,000 $205,000
-3.85% -4.65%
-1.57% -16.16%
3.31% -9.89%
0.00% -8.28%
4.63% 5.15%
$255 $240
209 22
5.30% 6.09%
101.01 119.09
Source: RP Data
DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 12357
Median household income ($/weekly) 850
Median age of persons 39
Median housing loan repayment ($/monthly) 1300
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1770 14.3
    25-34 years 1246 10.1
    35-44 years 1417 11.5
    45-54 years 1553 12.6
    55-64 years 1469 11.9
    Others 4902 39.7
    Age Group
    Census Count Percent(%)
    Registered Married 4001 45.8
    Not Married 3726 42.7
    Defacto Relationship 1003 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 10774 92.0
    Papua New Guinea 156 1.3
    Philippines 70 0.6
    United Kingdom 291 2.5
    Other 151 1.3
    Others 275 2.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 0.4
    Christianity 9210 80.9
    Islam 27 0.2
    Other Religious Groups 39 0.3
    No Religion 2037 17.9
    Others 21 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 414 9.6
    $400-$599 697 16.2
    $600-$799 625 14.5
    $800-$999 516 12.0
    $1,500-$1,999 472 11.0
    Others 1577 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3862 42.0
    Employed, worked full-time 3016 32.8
    Employed, worked part-time 1678 18.3
    Unemployed, looking for work 325 3.5
    Employed, away from work 307 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 619 12.4
    Technicians & trades workers 680 13.6
    Clerical & administrative workers 581 11.6
    Sales 599 12.0
    Labourers 901 18.0
    Others 1617 32.4
    Occupation
    Census Count Percent(%)
    Pre-school 114 4.5
    Infants/Primary 1136 44.8
    Secondary 814 32.1
    Technical or Further Educational Institution 230 9.1
    University or other Tertiary Institutions 193 7.6
    Others 51 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10477 91.8
    Semi-detached, row or terrace house, townhouse 293 2.6
    Flat, unit or apartment 590 5.2
    Caravan, cabin, houseboat 11 0.1
    House or flat attached to a shop, office 39 0.3
    Others 5 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1774 38.0
    Fully owned 1615 34.6
    Being purchased 1239 26.6
    Other tenure type 38 0.8
    Tenure Type
Census 2011, ABS
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