Warracknabeal is an average performer in VIC when comparing median price capital growth over the last year. Warracknabeal gave property investors a average capital gain figure when compared to the rest of the state, with -0.22%.
A 0.00% growth in median value for property investors in Warracknabeal,3393 puts this suburb at number 306th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.82% offered to property buyers. Sellers in Warracknabeal itself are offering an average vendor discount of -10.90% to real estate investors.
Often selling an investment property can take time, and in Warracknabeal the average time real estate has been on the market is 89.3846 days.
Warracknabeal is 2nd on a list of best yielding suburbs for rents in VIC with a 8.37% 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.