Warrnambool suburb profile
Warrnambool is a vibrant coastal city located along Victoria's famed Great Ocean Road, approximately 265km southwest of Melbourne. Known for its stunning beaches, maritime history, and natural beauty, Warrnambool offers a unique blend of urban amenities and coastal charm. The city is a hub for arts and culture, with attractions such as the Flagstaff Hill Maritime Village and the annual Warrnambool May Racing Carnival. Its picturesque surroundings, including the nearby Tower Hill Wildlife Reserve, make it a popular destination for nature enthusiasts. With a strong community spirit and diverse economy, Warrnambool is an appealing place for families, retirees, and tourists alike.
Warrnambool property market performance
Current median dwelling price$521,500Past 3 months
Property growth+0.0%Past 12 months
Warrnambool's property market has shown stability over the past 12 months, with house values experiencing a modest increase of 1.2%, while unit values have remained unchanged. The median house price over the past three months has averaged $595,000, and units have averaged $408,000, indicating steady demand in the area.
Sales activity has been relatively active, with 117 houses and 10 units sold in the past 12 months. However, properties are taking longer to sell, with a median of 71 days on the market for houses and 69 days for units, suggesting a cautious approach from buyers.
The rental market in Warrnambool has seen notable growth, with house rents increasing by 10% and unit rents by 9.4% over the last 12 months, reflecting a strong demand for rental properties in the suburb.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $635K | N/A |
Change in value Past 12 months | 1.7% | -1.7% |
Sold Past 3 months | 47 | 3 |
Median days on market Past 12 months | 71 | 53 |
Average rent Past 12 months | $550 | $430 |
Change in rent Past 12 months | 10.0% | 7.5% |
5 year median price trend for houses and units
Warrnambool demographics
Warrnambool, located on the southwestern coast of Victoria, is a charming regional city known for its stunning coastal views, rich maritime history, and vibrant community life. With a population of 31,308, it offers a blend of urban convenience and natural beauty, making it an attractive place for families, retirees, and professionals seeking a relaxed lifestyle. The median age of 42 suggests a mature community, with many residents enjoying the area's scenic landscapes and cultural attractions.
The housing landscape in Warrnambool is diverse, with a significant portion of properties owned outright (38.1%), reflecting a stable and established community. Additionally, 31.2% of homes are owned with a mortgage, indicating a healthy mix of long-term residents and new homeowners. The rental market, comprising 30.7% of properties, caters to those seeking flexibility, including young families and professionals.
Family life is a cornerstone of Warrnambool's community, with couple families with children making up 37.8% of households, while 42.7% are couple families without children. One-parent families account for 17.8%, highlighting the suburb's inclusive and supportive environment. The city's economy is supported by a range of industries, including healthcare, education, and tourism, providing ample employment opportunities for its residents. Warrnambool's blend of coastal charm, community spirit, and economic stability makes it a desirable location for those seeking a balanced and fulfilling lifestyle.
Warrnambool infrastructure, key developments and investment opportunities
Warrnambool continues to strengthen its appeal through significant investment in health and education infrastructure. The city is served by two major hospitals, including a redeveloped Warrnambool Base Hospital, supporting both local demand and regional healthcare needs, which can drive residential interest among healthcare professionals and retirees[1][3]. Deakin University’s Warrnambool Campus and several government and private schools ensure robust educational opportunities, supporting sustained family migration and rental demand[3][4].
Transport connectivity remains a standout feature with V/Line passenger rail and coach access to Melbourne, Geelong, and local towns, reinforcing Warrnambool’s role as a regional hub and supporting property market resilience for commuters and remote workers[1][3]. The suburb’s proximity to desirable coastal amenities, parks, and a growing city centre—coupled with development aligned to council vision—continues to underpin strong livability and steady demand from both homeowners and investors[3][7]. There are currently no reports of major new transport expansions or school redevelopments in the immediate pipeline that would markedly affect future property values.
Warrnambool rental market trends
The rental market in Warrnambool has experienced steady growth, with house rents increasing by 10% over the past year to $550 per week, while unit rents have risen 9.4% to $430 per week. This coastal city continues to attract renters and investors alike, offering a blend of lifestyle and investment potential in a picturesque setting.
Suburbs near Warrnambool
Some popular suburbs near Warrnambool include:
How does Warrnambool compare to nearby suburbs?
- Median house prices: Warrnambool’s median house price is 40.5% higher than Sebastopol’s.
- Median unit prices: Warrnambool’s median unit price is 20.0% higher than Sebastopol’s.
- House price growth: Over the past 12 months, house prices in Warrnambool have grown 4.6% higher than in Delacombe.
- Unit price growth: Over the past 12 months, unit prices in Warrnambool have grown 20.3% higher than in Torquay.
- Selling speed for houses: Properties in Warrnambool are selling 26.8% faster than in Delacombe.
- Selling speed for units: Properties in Warrnambool are selling 30.3% faster than in Sebastopol.

