Over the last year, property investments in Warracknabeal, 3393 have given investors a capital gain of 28.40%. This compares very favourably with the 14.59% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Warracknabeal has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Warracknabeal is offering property investors an average of -4.08. This rate of discount on properties puts Suburb at number 118th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $225 and the average annual increase in value of a median property of 4.77%, investors should hope to achieve an overall return of 7.50%
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.