Warragul (postcode 3820) is a well-established suburb in Victoria within the Baw Baw local government area. With a population of 19,856, the suburb has a settled mid-life population with a median age of 40. Households earn a median income of $81K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Warragul sit at $320,000, little changed on a year ago. Units have a median price of $445,000. The current median weekly rent is $550. This gives a gross rental yield of approximately 8.9%. The median monthly mortgage repayment is $1,625.
Warragul is served by 8 schools, including 4 primary, 2 secondary, 2 special. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 8 rail stations, 79 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
On the investment side, Warragul shows a gross rental yield of approximately 8.9%, rated as high yield. Property prices sit below the state median ($320K/$875K), which can point to relative value. The price-to-income ratio of 3.9x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.