Warragul

Warragul, VIC 3820 is a growing suburb with a total population of 19,856. The population has seen steady growth over the past years, particularly in the age groups of 5 to 19 years and 45 to 64 years. The median household income is $1,563 weekly, with a diverse mix of occupations, including professionals, managers, and technicians. The suburb offers various commuting options, with a notable percentage of residents working from home. For investors interested in houses, Warragul presents an opportunity with a relatively high sale price IQR ratio, indicating potential for renovation projects. The market absorption rate suggests stable demand, and the rental yield is moderate at 4.4%. On the other hand, the unit market shows potential for growth with a low vacancy rate and a market absorption rate above 15%, indicating higher demand. Both housing types have shown positive growth trends over the past years. Warragul, VIC 3820 offers a mix of lifestyle choices with a growing population and diverse demographics. Investors can find opportunities in both houses and units, with indicators pointing towards steady growth and demand in the property market. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022