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Warragul, VIC 3820

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Warragul, VIC 3820 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Warragul, VIC 3820”

  1. The total adult population (15 years or older) of Warragul 3820 VIC is 16,218, with a median age of 40. Of those, 48.37% are married, 12.37% are divorced or separated, 33.20% are single and 6.07% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,936. The median monthly mortgage repayment for households in this suburb is $1,625 which is 20.48% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Warragul 3820 is home to approximately 10,851 households. The local property market for houses as of Q3 in 2023 presents potential property investors with promising prospects. Boasting a housing median price of $637,880 coupled with a weekly median rent return of $418, these figures provide a generous yield of 3.41%: a rate attractive to investors centred on cashflow.

    Warragul 3820 features a socio-economic IRSAD score of 980 out of a possible 1217, pointing to a location of substantial resources, higher income levels and a significant proportion of skilled professionals. Notably, the suburb’s renter to owner ratio falls at a desirable 22%, well below the suggested 30% threshold, allowing for a balanced and healthy mix of tenants and homeowners.

    Furthermore, the prevailing units-to-houses ratio at a low 8%, is evidence of a predominant presence of houses in the suburb. This fosters a family-friendly atmosphere, coupled with reduced competition between landlords for tenants, a favourable situation for those seeking long-term tenancy agreements.

    However, the ‘Years to Own’ or ‘Affordability Index’ implies that it would require 31 years for full ownership of properties in this area, a figure that rings caution as it falls just within the mark of decreased relative affordability.

    On the supply side, Warragul 3820 trends towards a neutral position with a promising stock on market Percentage of 0.76% for houses and a manageable inventory level at 2.19 months. A relatively low Building Approval ratio of 0.27% suggests control over the introduction of new properties into the market.

    Market demand assessment reveals a days on market duration of 40 days. While being somewhat longer than most in-demand locations, it remains within a respectable range. The area’s vacancy rate combines both houses and units and measures at 2.21%, illustrating a balanced rental market that adds appeal to potential investors seeking to buy.

    Lastly, the buy search index sits at 4, reflecting a neutral demand from would-be property purchasers. This balance again depicts a stable market that shows promising signs for future growth.

    In conclusion, while the affordability index sits at a somewhat less desirable level, the majority of other metrics for Warragul 3820 are in favourable or neutral ranges, painting an attractive picture for potential property investors. These promising figures are echoed in the RCS (Relative Composite Score) metric utilised by HtAG Analytics, offering data-driven reassurance for potential investment opportunities in this area.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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