Suburb Profile Report for Warwick QLD (4370)

Warwick House: Median price $245,000, Annual capital growth 2.99%, Number of sales 199, Weekly median advertised rent $260

Warwick Unit: Median price $240,000, Annual capital growth 4.49%, Number of sales 17, Weekly median advertised rent $250

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

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  • Unit Report

Property value increases in Warwick have tracked just lower than the QLD average of 2.63% over the last 12 months.

Warwick,4370 was ranked 1342 in Australia by increase in median property value over the quarter.

Vendor discounting in Warwick is giving property investors an average Vendor Discount of around -7.42%. This puts suburb at number 289th in QLD when ranking the most discounted suburbs.

In the last year 199 properties changed hands in Warwick, which puts it as the 68th most active market in QLD when comparing the number of sales per suburb.

Warwick, 4370’s gross rental yield is 5.52%

Giving property investors a a stable capital gain of 10.09% for the last year, Warwick, 4370 is the 542th highest performer in Australia in this respect.

A -11.11% growth in median value for property investors in Warwick,4370 puts this suburb at number 254th in terms of best performing suburbs in QLD

Vendor discounting in Warwick is giving property investors an average Vendor Discount of around -8.45%. This puts suburb at number 26th in QLD when ranking the most discounted suburbs.

At number 1433 in a list of fastest selling suburbs, Warwick is in the bottom 10% of suburbs in Australia with an average of days on market 141.91 for properties listed there.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.42%, without taking into account capital value appreciation, which has been averaging out at 4.49%.

HOUSE UNIT
$245,000 $240,000
2.08% -1.03%
1.24% 10.09%
2.99% 4.49%
$260 $250
199 17
5.52% 5.42%
119.63 141.91

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : Balanced (U), Balanced (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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Recent sales & rentals