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Warragul suburb profile

Warragul is a picturesque town in Victoria's West Gippsland region, known for its lush landscapes and vibrant community spirit. Situated approximately 100km southeast of Melbourne, it serves as a key regional hub with a rich agricultural heritage. Warragul offers a charming blend of rural and urban living, featuring historic buildings, local markets, and a thriving arts scene. The town is well-connected by road and rail, making it a convenient location for commuters. With its scenic parks, quality schools, and diverse dining options, Warragul is an appealing destination for families and individuals seeking a balanced lifestyle.

Warragul property market performance

Current median dwelling price$549,000Past 3 months

Property growth-2.0%Past 12 months

Warragul's property market has shown stability over the past 12 months, with house values experiencing a modest increase of 0.8%, bringing the median house price to $700,000. The unit market has remained unchanged, with no significant movement in median values. Over the past three months, 135 houses and 9 units have been sold, indicating a stronger demand for houses.

Houses in Warragul are taking a median of 49 days to sell, while units are moving faster with a median of 34 days on the market, suggesting a quicker turnover in the unit sector. The rental market has seen notable growth, with house rents increasing by 9.5% and unit rents by 6.1% over the last 12 months, reflecting a rising demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$700KN/A
Change in value
Past 12 months
0.8%-4.8%
Sold
Past 3 months
1359
Median days on market
Past 12 months
4934
Average rent
Past 12 months
$575$403
Change in rent
Past 12 months
9.5%6.1%

5 year median price trend for houses and units

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Warragul demographics

Warragul, located in the picturesque Gippsland region of Victoria, is a thriving town known for its blend of rural charm and modern conveniences. With a population of 19,856, Warragul offers a welcoming community atmosphere that appeals to families, retirees, and professionals alike. The median age of 40 reflects a balanced demographic, with a mix of young families and older residents enjoying the town's relaxed lifestyle and scenic surroundings.

The housing market in Warragul is characterized by a strong sense of homeownership, with 38.4% of properties owned outright and 38.5% owned with a mortgage. This stability is complemented by a rental market that accounts for 23.1% of properties, providing options for those seeking flexibility. The town's family-friendly environment is evident in its household composition, with 40.4% of families being couples with children and 42.7% being couples without children, highlighting its appeal to both growing families and those enjoying a quieter life.

Warragul's economy is supported by a diverse range of industries, including agriculture, retail, and healthcare, providing ample employment opportunities for residents. The town's vibrant community life is enriched by local events, markets, and recreational activities, making it an attractive destination for those seeking a balanced lifestyle. With its combination of natural beauty, community spirit, and modern amenities, Warragul continues to be a desirable place to live in Victoria.

Warragul infrastructure, key developments and investment opportunities

Warragul is experiencing significant residential growth, guided by the Warragul Precinct Structure Plan, with new estates and infill developments aiming to accommodate increasing population in the south eastern growth corridor. The local council continues to prioritise infrastructure upgrades, including recent improvements to road networks and green spaces, designed to support both new and established communities while enhancing overall liveability.

Proximity to quality schools, retail precincts, and extensive parkland continues to make Warragul attractive for families and commuters. While there are no major new public transport or large-scale commercial redevelopments announced recently, ongoing council planning is focused on ensuring future development is sustainable and well-integrated with essential amenities. At present, these trends are likely to underpin stable demand and support property values in Warragul over the medium term.

Warragul rental market trends

The rental market in Warragul has experienced steady growth, with house rents increasing by 9.5% over the past year to $575 per week, while unit rents have risen 6.1% to $403 per week. With its appealing lifestyle and proximity to Melbourne, Warragul continues to attract renters and investors seeking a balance of affordability and growth potential.

Suburbs near Warragul

Some popular suburbs near Warragul include:

How does Warragul compare to nearby suburbs?

  • Median house prices: Warragul’s median house price is 2.9% higher than Drouin’s.
  • Median unit prices: Warragul’s median unit price is 32.7% higher than Traralgon’s.
  • House price growth: Property prices in nearby Drouin have risen 4.1% more than in Warragul over the past year.
  • Unit price growth: Property prices in nearby Drouin have risen 7.0% more than in Warragul over the past year.
  • Selling speed for houses: Properties in Warragul are selling 12.5% faster than in Traralgon.
  • Selling speed for units: Properties in Warragul are selling 38.2% faster than in Drouin.

Common questions about Warragul

  • Is Warragul a nice place to live?

    Warragul is a delightful place to live, offering a harmonious blend of rural charm and modern conveniences. Nestled in the scenic Gippsland region, it provides a serene environment that appeals to families, retirees, and professionals alike. The town exudes a welcoming community atmosphere, enriched by its vibrant arts scene and local events. With quality schools and diverse dining options, Warragul caters to families seeking a balanced lifestyle. The town's proximity to Melbourne, combined with its well-connected road and rail networks, makes it a convenient choice for commuters who appreciate the tranquility of country living.

    For families, Warragul offers a nurturing environment with plenty of green spaces and recreational activities. The town's strong sense of community is evident in its local markets and events, providing ample opportunities for social engagement and fostering a sense of belonging. Safety is generally not a major concern, contributing to its appeal as a family-friendly suburb. However, the trade-off for its peaceful setting is the lack of major new public transport developments, which might require residents to rely more on personal vehicles for commuting.

    While Warragul may not have the bustling nightlife of a city, it compensates with its charming rural vibe and the promise of a quieter, more relaxed lifestyle. The ongoing residential growth and infrastructure improvements ensure that the town continues to evolve while maintaining its unique character. For those who value a strong community spirit, access to nature, and a balanced lifestyle, Warragul is a truly appealing place to call home.

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  • Is it expensive to live in Warragul?

    Warragul, located in Victoria, offers a relatively affordable living option compared to many other suburbs in the state. The median house price in Warragul is currently $635,000, which is quite reasonable when you consider the prices in more central or popular areas. For those looking to rent, the average rent for houses is about $560 per week, while units average around $390 per week. This makes renting in Warragul a more budget-friendly option, especially for those not ready to commit to buying property.

    When you compare the average wage in Warragul, which is $75,000 per year, to the median total household income weekly of $1,563, it suggests that the cost of living, particularly housing, is manageable for many residents. The average wage aligns well with the expenses associated with living in this suburb, making it a viable option for individuals and families looking for a balance between cost and lifestyle.

    Overall, Warragul provides an appealing mix of affordability and livability, especially for those who appreciate a more relaxed lifestyle while still having access to essential amenities. If you are thinking of living in Warragul, it offers a financially accessible option without sacrificing quality of life.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Warragul a good place to invest?

    Warragul presents an interesting opportunity for property investors, particularly those focused on rental income. While the median house and unit values have remained stable over the past year, the rental market has shown significant growth. House rents have increased by 14.3%, and unit rents by 11.4%, indicating strong demand from tenants. This trend suggests that Warragul could be a great choice for investors seeking reliable rental returns.

    Located in a picturesque setting with a strong sense of community, Warragul offers a lifestyle that appeals to families and professionals alike. The suburb's amenities, including schools, parks, and shopping facilities, enhance its attractiveness to renters. Additionally, its accessibility to Melbourne via the freeway and train services makes it a convenient choice for commuters looking for a more relaxed living environment.

    Overall, while Warragul may not currently offer rapid capital growth, its robust rental market and appealing lifestyle make it a solid investment option. Investors can benefit from steady rental income while potentially enjoying future capital appreciation as the suburb continues to develop and attract more residents.

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Choose the right real estate agents in Warragul

Currently, there are 114 real estate agents working in Warragul—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 114 agents sold 28.1% of all properties in Warragul over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Warragul typically charge a commission of 2.11% to 3.13%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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