Warracknabeal has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 27.90% to date .
A 29.57% growth in median value for property investors in Warracknabeal,3393 puts this suburb at number 110th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Warracknabeal are currently offering property investors an average price cut of -5.90% below the asking price at the moment.
In the last year 58 properties changed hands in Warracknabeal, which puts it as the 374th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Warracknabeal being $149000 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 7.85%
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.