Suburb Profile Report for Warracknabeal VIC (3393)

Warracknabeal House: Median price $115,000, Annual capital growth 2.79%, Number of sales 77, Weekly median advertised rent $185

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

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:




M
O

W
E

Mix of cash flow and capital growth

Postcode: 3393

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.

Metrics i HOUSE UNIT
$115,000 N/A
-0.22% N/A
-0.22% N/A
2.79% N/A
$185 N/A
77 N/A
8.37% N/A
89.3846153846154 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Balanced (U)
Find a mortgage broker in Warracknabeal VIC
Demographics
Total population 2744
Median household income ($/weekly) 752
Median age of persons 48
Median housing loan repayment ($/monthly) 780
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 303 11.0
    35-44 years 302 11.0
    45-54 years 443 16.1
    55-64 years 384 14.0
    65-74 years 292 10.6
    Others 1020 37.2
    Age Group
    Census Count Percent(%)
    Registered Married 1039 52.0
    Not Married 801 40.1
    Defacto Relationship 160 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2360 92.3
    Indonesia 23 0.9
    Papua New Guinea 14 0.5
    United Kingdom 73 2.9
    Other 22 0.9
    Others 65 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 10 0.4
    Christianity 1979 82.9
    Hinduism 6 0.3
    Islam 12 0.5
    No Religion 373 15.6
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 147 14.6
    $400-$599 177 17.6
    $600-$799 115 11.4
    $800-$999 112 11.1
    $1,500-$1,999 91 9.0
    Others 366 36.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 963 45.6
    Employed, worked full-time 676 32.0
    Employed, worked part-time 367 17.4
    Employed, away from work 67 3.2
    Unemployed, looking for work 41 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 251 22.7
    Professionals 145 13.1
    Technicians & trades workers 153 13.8
    Community & personal service workers 133 12.0
    Labourers 138 12.5
    Others 286 25.9
    Occupation
    Census Count Percent(%)
    Pre-school 35 7.5
    Infants/Primary 175 37.6
    Secondary 176 37.8
    University or other Tertiary Institutions 40 8.6
    Other type of educational institution 21 4.5
    Others 19 4.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2404 97.4
    Flat, unit or apartment 30 1.2
    Semi-detached, row or terrace house, townhouse 20 0.8
    House or flat attached to a shop, office 8 0.3
    Caravan, cabin, houseboat 5 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 576 52.5
    Being purchased 284 25.9
    Rented 227 20.7
    Other tenure type 10 0.9
    Tenure Type
Census 2011, ABS
Chart Table