Suburb Profile Report for Warracknabeal VIC (3393)

Warracknabeal House: Median price $109,000, Annual capital growth 2.50%, Number of sales 54, Weekly median advertised rent $180

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

Source: CoreLogic

  • House Report

Investment property in Warracknabeal has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -14.51%

When looking at the potential capital gains offered to property investors over the last 3 years, Warracknabeal comes in at number 663th in VIC.

Sellers are offering property buyers an average discount of -10.55% to buyers in Warracknabeal at the moment, which is less than average for the rest of VIC.

Warracknabeal is 3rd on a list of best yielding suburbs for rents in VIC with a 8.59% return

Metrics i HOUSE UNIT
$109,000 N/A
-3.54% N/A
-14.51% N/A
2.50% N/A
$180 N/A
54 N/A
8.59% N/A
131.66 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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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
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