Property value increases in Warracknabeal have tracked higher than the VIC average of 0.96% over the last 12 months.
Warracknabeal,3393 has offered an average of 7.27% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Warracknabeal is giving property investors an average Vendor Discount of around -9.52%. This puts suburb at number 39th in VIC when ranking the most discounted suburbs.
In the last year 58 properties changed hands in Warracknabeal, which puts it as the 380th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Warracknabeal being $118000 and the advertised rent reaching $195 the gross rental yield for property investors calculates out to be 8.59%
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.