Get a property report and suburb profile for any property in Warragul

Warragul is a regional centre in West Gippsland of about 19,856 people, set among rolling dairy farmland with the Baw Baw Ranges on the horizon. The town centre is compact, with cafes, specialist shops and community facilities clustered around a main retail strip, and sporting clubs and local markets that reflect its agricultural roots. Housing ranges from period timber and brick cottages near the centre to modern suburban estates on the outskirts.

Families are the dominant household type and about three in four homes are owner-occupied, with a median age of 40 and a median household income of $1,563 a week. A V/Line station on the Gippsland line provides a direct rail link to the city, and the town is seeing civic investment including a new Library and Learning Centre beside the West Gippsland Arts Centre, CBD streetscape works, planning for a regional hospital and social and affordable housing development. Whether Warragul suits you will depend on what you want from a regional centre.

Buying in Warragul sits above what local households earned at the last Census. A median house price of $697,500 is about 8.6 times a typical local annual household income at the last Census, which puts house purchase well above local incomes, while the median unit price of $463,500 is about 5.7 times that annual income, which is somewhat above local incomes.

Rents tell a similar story for day-to-day costs. The average house rent of $580 a week would take roughly 37.1% of a typical local household's weekly income at the last Census, a sizeable share, and the average unit rent of $390 a week would be about 25.0%, a moderate share. If you plan to rent rather than buy, the rental shares are the most relevant numbers; if you plan to buy, look to the price multiples.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Warragul, median house values rose 6.7% and median unit values rose 8.0%, both solid gains with units showing the larger capital increase. On the income side, house rents increased 5.5% while unit rents fell 2.5%, a modest decline.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.