Suburb Profile Report for Warracknabeal VIC (3393)

Warracknabeal House: Median price $120,000, Annual capital growth 3.61%, Number of sales 45, Weekly median advertised rent $180

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

Source: CoreLogic

  • House Report

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%.

HOUSE UNIT
$120,000 N/A
-0.83% N/A
10.60% N/A
3.61% N/A
$180 N/A
45 N/A
7.80% N/A
95.29 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2744
Median household income ($/weekly) 752
Median age of persons 48
Median housing loan repayment ($/monthly) 780
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 303 11.0
    35-44 years 302 11.0
    45-54 years 443 16.1
    55-64 years 384 14.0
    65-74 years 292 10.6
    Others 1020 37.2
    Age Group
    Census Count Percent(%)
    Registered Married 1039 52.0
    Not Married 801 40.1
    Defacto Relationship 160 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2360 92.3
    Indonesia 23 0.9
    Papua New Guinea 14 0.5
    United Kingdom 73 2.9
    Other 22 0.9
    Others 65 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 0.4
    Christianity 1979 82.9
    Hinduism 6 0.3
    Islam 12 0.5
    No Religion 373 15.6
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 147 14.6
    $400-$599 177 17.6
    $600-$799 115 11.4
    $800-$999 112 11.1
    $1,500-$1,999 91 9.0
    Others 366 36.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 963 45.6
    Employed, worked full-time 676 32.0
    Employed, worked part-time 367 17.4
    Employed, away from work 67 3.2
    Unemployed, looking for work 41 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 251 22.7
    Professionals 145 13.1
    Technicians & trades workers 153 13.8
    Community & personal service workers 133 12.0
    Labourers 138 12.5
    Others 286 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 35 7.5
    Infants/Primary 175 37.6
    Secondary 176 37.8
    University or other Tertiary Institutions 40 8.6
    Other type of educational institution 21 4.5
    Others 19 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2404 97.4
    Flat, unit or apartment 30 1.2
    Semi-detached, row or terrace house, townhouse 20 0.8
    House or flat attached to a shop, office 8 0.3
    Caravan, cabin, houseboat 5 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 576 52.5
    Being purchased 284 25.9
    Rented 227 20.7
    Other tenure type 10 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals