If you compare the increase in value of investment property in Warracknabeal, 3393 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 22.86%.
If we look at median property appreciation over just the last three months, Warracknabeal has given property investors a paper return of 12.17%. This puts Suburb as 16 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Warracknabeal, 3393. Typically our figures indicate that -8.63% is being offered, which puts this VIC suburb at 604th most discounted overall in Australia.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
The VIC suburb of Warracknabeal, 3393 is in the Yarriambiack (S) local government area.
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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.