Suburb Profile Report for Warragul VIC (3820)

Warragul House: Median price $351,000, Annual capital growth 4.47%, Number of sales 367, Weekly median advertised rent $320

Warragul Unit: Median price $265,000, Annual capital growth 1.83%, Number of sales 43, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Warragul, 3820 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.69%

Taking the average capital gain, or increase in median house value, Warragul,3820 has racked up an average of 9.69% over the period. This ranks it number 2844th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Warragul 3820 should be seeing an average reduction in asking price of around -4.12% . This means that Warragul is holding prices well when compared to other suburbs in VIC.

Property investors should expect to get $320 weekly from the median priced house in this suburb.

Property investors who have had real estate in Warragul, 3820 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.77%

Over the longer term, Warragul has seen property prices show investors a 8.16% return over the last 3 years. This is an improvement over the last 12 months

Warragul, 3820 is offering VIC ‘s 180th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Residents and property investors in Warragul have been waiting around 89.29 days to sell a property.

Warragul is 74th on a list of best yielding suburbs for rents in VIC with a 5.10% return

Carmen Christie Information supplied by:

Carmen Christie
Sally J Real Estate

M 03 5623 5622 M:0402 042 120
O

W http://www.sallyjrealestate.com.au/
E carmen@sallyjrealestate.com.au
Warragul is situated in West Gippsland, just over 100 kilometres south-east of Melbourne with a population just over $14,000.

Warragul is home to some of Victoria's richest agricultural land as well as being a major supplier of milk for Melbourne. A number of festivals and events are centred around the town's agricultural and dairying industry, including Farm World and Harvest of Gippsland.Full summary
Warragul is situated in West Gippsland, just over 100 kilometres south-east of Melbourne with a population just over $14,000.
Warragul is home to some of Victoria's richest agricultural land as well as being a major supplier of milk for Melbourne. A number of festivals and events are centred around the town's agricultural and dairying industry, including Farm World and Harvest of Gippsland.
 
Warragul is in the TOP 30% in VIC when comparing median price capital growth over the last year. Warragul gave property investors a good capital gain figure when compared to the rest of the state, with 2.71%.
 
Warragul,3820 has offered an average of 2.71% return per annum in house price rises to property investors over the last three years.
Warragul3820 is located in VIC which offers an average discount of -8.56% to property investors. Warragul itself is showing figures that indicate -6.23% is the average achievable by property buyers investing in the suburb.
 
In the last year 268 properties changed hands in Warragul, which puts it as the 50th most active market in VIC when comparing the number of sales per suburb.
 
The VIC suburb of Warragul, 3820 is in the Baw Baw local government area.
 
Selling points: 
Warragul is just over an hour to the City, Snow and Beach. 
 
Excellent Hospital, Schools- thriving family community with local Football, netball, cricket, tennis and much much more.
 
Beautiful walking, riding trails throughout Warragul and surrounding areas.
 
Most sought-after properties: 
Lifestyle properties, 5- 20 Acres vacant land to build on or with a nice home.
Also a family home – in town 4 bedrooms, 2 living areas, 2 bathrooms, double garage, room for a shed and on at least 800m2. 
 
Most common properties:  
3/4 Bedroom Family  Homes, 1 or 2 bathrooms and a double lock up garage. A good select of units mostly 2 bedroom.
 
Top amenities: 
A number of attractive gardens and parks are located in Warragul, with the most scenic being Civic Park. Situated in a valley, Civic Park features a large lake, rotunda, picnic shelters, walking tracks and a waterfall. Overlooking the park are the local government offices and the West Gippsland Arts Centre which is a popular venue for performance and visual arts.
 
 
Local industry and business:
Warragul is home to some of Victoria's richest agricultural land as well as being a major supplier of milk for Melbourne. A number of festivals and events are centred around the town's agricultural and dairying industry, including Farm World and Harvest of Gippsland.
 
Warragul's large commercial centre stretches along the main thoroughfares of Victoria Street and Smith Street. Queen Street, which was the original route of the highway through town before it was bypassed, features historic buildings with grand facades including the old Shire Hall which now houses the Historical Society Museum and offers displays depicting local history.
 
Recent changes: 
Warragul/Drouin area in the last 18 months has seen quite a bit of growth compared to years gone by.  A lot more subdivisions– land available for building new homes. Large Melbourne builder’s coming into the area and more display homes available to look through.
 
Also the commercial area of Warragul is slowly growing with Bunning’s opening and more land being developed.
 
Best streets: 
Inner town – (walking distance) Bowen Street, Clifford Street, Craig Street, Kent Street, Alford Street
Edge of town – larger allotment of land – Cason Crescent, Martin Court, Camelot Crt, Kookaburra Crt
 
Public transport: 
VLine train & buses
Local buses & Taxi’s
 
Main arteries:  
M1 – Princess Hwy
Queens Street running parallel with the Highway, it was the old Highway
Victoria Street into Brandy Creek Rd running North/South out to Neerim South/ Noojee/Mt Baw Baw
Old Sale Rd – from Drouin running East/West through Drouin West/Brandy Creek/ Buln Buln through to Willow Grove.

 

Close
Metrics i HOUSE UNIT
$351,000 $265,000
-0.28% 3.11%
9.69% 12.77%
4.47% 1.83%
$320 $260
367 43
4.74% 5.10%
73.24 89.29

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Warragul VIC
Demographics
Total population 14073
Median household income ($/weekly) 993
Median age of persons 40
Median housing loan repayment ($/monthly) 1387
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1910 13.6
    25-34 years 1544 11.0
    35-44 years 1769 12.6
    45-54 years 1906 13.5
    55-64 years 1758 12.5
    Others 5187 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 5296 51.5
    Not Married 4127 40.2
    Defacto Relationship 854 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 12094 89.3
    New Zealand 92 0.7
    Papua New Guinea 128 0.9
    United Kingdom 559 4.1
    Other 186 1.4
    Others 488 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 0.5
    Christianity 9134 70.4
    Hinduism 35 0.3
    Other Religious Groups 37 0.3
    No Religion 3669 28.3
    Others 27 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 447 9.1
    $400-$599 655 13.4
    $600-$799 541 11.1
    $800-$999 477 9.8
    $1,500-$1,999 571 11.7
    Others 2197 44.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4064 37.7
    Employed, worked full-time 3745 34.8
    Employed, worked part-time 2181 20.2
    Employed, away from work 427 4.0
    Unemployed, looking for work 355 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 774 12.2
    Professionals 1270 20.0
    Technicians & trades workers 1007 15.9
    Clerical & administrative workers 773 12.2
    Labourers 793 12.5
    Others 1735 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 243 7.5
    Infants/Primary 1167 36.2
    Secondary 1074 33.3
    Technical or Further Educational Institution 338 10.5
    University or other Tertiary Institutions 312 9.7
    Others 90 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12234 92.0
    Semi-detached, row or terrace house, townhouse 576 4.3
    Flat, unit or apartment 433 3.3
    Caravan, cabin, houseboat 47 0.4
    House or flat attached to a shop, office 11 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2071 39.3
    Being purchased 1836 34.8
    Rented 1321 25.0
    Other tenure type 46 0.9
    Tenure Type
Census 2011, ABS
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