Property investors who have had real estate in Warracknabeal, 3393 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.89%
Taking the average capital gain, or increase in median house value, Warracknabeal,3393 has racked up an average of 4.89% over the period. This ranks it number 3626th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Warracknabeal should be aiming for at least -10.01% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $10920 per annum or $210 every week.
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.