With a capital gain of 0.00% for the last 12 months, Warracknabeal, 3393 has performed for property investments than its average annual 2.90% property growth over the last 5 years.
Across a shorter period, Warracknabeal, 3393 has seen a median price increase of 2.22% over the last quarter.
The most recent median price for Warracknabeal is $115000, with sellers offering an average of -11.42% off the asking price.
In the last year 71 properties changed hands in Warracknabeal, which puts it as the 320th most active market in VIC when comparing the number of sales per suburb.
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.