Investment property in Warracknabeal has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.60%
Warracknabeal,3393 was ranked 2819 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Warracknabeal should be aiming for at least -10.51% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
A $180 per week rent on the median house gives suburb investors a gross yield of circa 7.80%, without taking into account capital value appreciation, which has been averaging out at 3.61%.