Warranwood is a smaller suburb in Victoria within the Maroondah local government area (postcode 3134). With a population of 4,820, the suburb has an established demographic with a median age of 41. Households earn a median income of $148K per year, with an average household size of 3.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Warranwood is $665,000, having remained flat 0% over the past year. The current median weekly rent is $520. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,167.
Warranwood is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1093, which is above the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
From an investment perspective, Warranwood offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($665K/$875K). The price-to-income ratio of 4.5x is considered affordable. House prices have moved +0.0% year-on-year.
Warranwood is a smaller suburb in Victoria within the Maroondah local government area (postcode 3134). With a population of 4,820, the suburb has an established demographic with a median age of 41. Households earn a median income of $148K per year, with an average household size of 3.1 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Warranwood is $665,000, having remained flat 0% over the past year. The current median weekly rent is $520. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,167.
Warranwood is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1093, which is above the national average of 1,000. Public transport access includes 24 bus stops. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
From an investment perspective, Warranwood offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($665K/$875K). The price-to-income ratio of 4.5x is considered affordable. House prices have moved +0.0% year-on-year.