Warracknabeal is a smaller suburb in Victoria within the Yarriambiack local government area (postcode 3393). With a population of 2,359, the suburb has a mature demographic with a median age of 50. Households earn a median income of $56K per year, with an average household size of 2 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Warracknabeal is $110,000, having remained flat 0% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 14.2%. The median monthly mortgage repayment is $737.
Warracknabeal is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Yarriambiack LGA is higher than average at 8,069 incidents per 100,000 population.
From an investment perspective, Warracknabeal offers a gross rental yield of 14.2%, rated as high yield. Property prices sit below the state median ($110K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved +0.0% year-on-year.
Warracknabeal is a smaller suburb in Victoria within the Yarriambiack local government area (postcode 3393). With a population of 2,359, the suburb has a mature demographic with a median age of 50. Households earn a median income of $56K per year, with an average household size of 2 people. The most common occupations are community & personal service, technicians & trades, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Warracknabeal is $110,000, having remained flat 0% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 14.2%. The median monthly mortgage repayment is $737.
Warracknabeal is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 961, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Yarriambiack LGA is higher than average at 8,069 incidents per 100,000 population.
From an investment perspective, Warracknabeal offers a gross rental yield of 14.2%, rated as high yield. Property prices sit below the state median ($110K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 2.0x is considered affordable. House prices have moved +0.0% year-on-year.