Suburb Profile Report for Warwick WA (6024)

Warwick House: Median price $511,000, Annual capital growth 0.92%, Number of sales 74, Weekly median advertised rent $428

Warwick Unit: Median price $260,500, Annual capital growth N/A, Number of sales 12, Weekly median advertised rent $360

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Warwick has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of -2.11% to date .

Across a shorter period, Warwick, 6024 has seen a median price increase of -3.22% over the last quarter.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.00% offered to property buyers. Sellers in Warwick itself are offering an average vendor discount of -8.88% to real estate investors.

A $427.5 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 0.92%.

Metrics i HOUSE UNIT
$511,000 $260,500
-3.22% N/A
-2.11% N/A
0.92% N/A
$428 $360
74 12
4.35% 7.19%
87.0769230769231 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Warwick WA
Demographics
Total population 3815
Median household income ($/weekly) 1435
Median age of persons 42
Median housing loan repayment ($/monthly) 1863
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 390 10.2
    25-34 years 439 11.5
    35-44 years 477 12.5
    45-54 years 488 12.8
    55-64 years 570 14.9
    Others 1450 38.0
    Age Group
    Census Count Percent(%)
    Registered Married 1586 54.7
    Not Married 1073 37.0
    Defacto Relationship 241 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2433 66.0
    Croatia 63 1.7
    Papua New Guinea 119 3.2
    United Kingdom 430 11.7
    Other 166 4.5
    Others 473 12.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 76 2.2
    Christianity 2429 69.2
    Islam 35 1.0
    Other Religious Groups 33 0.9
    No Religion 908 25.9
    Others 31 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 119 9.3
    $800-$999 110 8.6
    $1,500-$1,999 165 13.0
    $2,000-$2,499 132 10.4
    $2,500-$2,999 146 11.5
    Others 601 47.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1190 38.6
    Not in the labour force 1060 34.3
    Employed, worked part-time 639 20.7
    Employed, away from work 122 4.0
    Unemployed, looking for work 75 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 216 11.1
    Professionals 448 23.0
    Technicians & trades workers 302 15.5
    Clerical & administrative workers 330 16.9
    Sales 201 10.3
    Others 455 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 48 6.3
    Infants/Primary 272 35.4
    Secondary 184 24.0
    Technical or Further Educational Institution 67 8.7
    University or other Tertiary Institutions 176 22.9
    Others 21 2.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3370 94.9
    Semi-detached, row or terrace house, townhouse 102 2.9
    Flat, unit or apartment 78 2.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 586 42.1
    Being purchased 564 40.5
    Rented 220 15.8
    Other tenure type 22 1.6
    Tenure Type
Census 2011, ABS
Chart Table