Warrnambool (postcode 3280) is a well-populated suburb in Victoria within the Warrnambool local government area. The area has roughly 31,308 residents and a settled mid-life population, with a median age of 42. Households earn a median income of $72K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, labourers, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Units have a median price of $449,000 (+7% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $1,408.
Warrnambool is served by 12 schools, including 7 primary, 3 secondary, 1 combined, 1 special. The average ICSEA score is 1005, which is around the national average of 1,000. Public transport access includes 7 rail stations, 161 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Warrnambool LGA is higher than average at 9,649 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 5.8% (high yield). Property prices sit below the state median ($449K/$850K), which can point to relative value. The price-to-income ratio of 6.2x is considered moderate. House prices have moved +7.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.