At number 242th in the list of Australian suburbs ordered by increase in median house value over the last year, Warracknabeal, 3393 is in the top 10% with a property value increase of 29.17% recorded in median house prices.
If we look at median property appreciation over just the last three months, Warracknabeal has given property investors a paper return of 6.53%. This puts Suburb as 203 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Warracknabeal 3393 should be seeing an average reduction in asking price of around -6.38% . This means that Warracknabeal is holding prices well when compared to other suburbs in VIC.
Warracknabeal is 3rd on a list of best yielding suburbs for rents in VIC with a 7.88% return
Information supplied by:
Mix of cash flow and capital growth
Median house price: $115,000
Three-year growth: 4.5%
Rental yield: 8.7%
One of the suburbs in Victoria’s wheat belt, Warracknabeal is situated on the Yarriamblack Creek. The creek serves as a haven for many water birds and facilitates the growth of many gum trees.
The rental yield in this suburb is an astounding 8.7%, and prices displayed constant growth over the February 2014-2019 period. This could be a suburb that combines cash flow with growth potential.
Schools located in this suburb are Warracknabeal Secondary College, Warracknabeal Primary School and St Mary’s Primary School. There is also a special development institution. Warracknabeal plays host to the annual Easter Y-Fest, which brings in visitors eager to take in the sights and festivities, including a Saturday Street Parade, art show, and waterskiing race.