Warwick suburb profile
Warwick is a historic town in Queensland's Southern Downs region, known for its rich heritage and vibrant community spirit. Situated approximately 130km southwest of Brisbane, Warwick offers a charming blend of country living and modern amenities. The town is famous for its annual events, such as the Warwick Rodeo and Jumpers and Jazz in July festival, which draw visitors from across the region. With its picturesque landscapes, heritage-listed buildings, and a strong agricultural base, Warwick provides a welcoming environment for families, retirees, and those seeking a peaceful rural lifestyle. Its strategic location and community-focused atmosphere make it a desirable place to call home.
Warwick property market performance
Current median dwelling price$409,000Past 3 months
Property growth+16.4%Past 12 months
Warwick's property market has experienced notable growth over the past 12 months, particularly in the housing sector. House values have increased by 12.4%, with the median house price now at $540,000. Although unit values have surged by 22.8%, the market for units remains limited, with only three units sold over the past year.
Sales activity has been robust for houses, with 97 transactions over the last 12 months. Houses are spending a median of 59 days on the market, indicating a steady demand. The unit market, however, shows minimal activity, reflecting a niche segment.
Warwick's rental market has seen significant changes, with house rents increasing by 15.6% to an average of $520. Unit rents have also risen by 6.7%, averaging $400, suggesting a healthy demand for rental properties in the area.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $568K | N/A |
Change in value Past 12 months | 11.1% | 21.7% |
Sold Past 3 months | 75 | 3 |
Median days on market Past 12 months | 61 | N/A |
Average rent Past 12 months | $523 | $400 |
Change in rent Past 12 months | 16.2% | 11.1% |
5 year median price trend for houses and units
Warwick demographics
Warwick, located in the Southern Downs region of Queensland, is a charming rural town known for its rich history, heritage buildings, and vibrant community events. With a population of 12,294, Warwick offers a peaceful lifestyle, attracting families, retirees, and those seeking a slower pace of life. The median age of 45 reflects a mature community, with many residents enjoying the town's relaxed atmosphere and strong sense of community.
The housing landscape in Warwick is characterized by a significant proportion of home ownership, with 37% of properties owned outright and 26.2% owned with a mortgage. This indicates a stable community with long-term residents who value the security and investment of home ownership. Additionally, 36.8% of properties are rented, providing options for those who prefer flexibility or are new to the area.
Family dynamics in Warwick are diverse, with 30.8% of families being couple families with children and 45.1% being couple families without children. One-parent families make up 22.3% of the community, highlighting the suburb's inclusive nature. The median total household income of $1,035 per week reflects the town's affordability, making it an attractive option for families and individuals seeking a cost-effective lifestyle. Warwick's blend of historical charm, community spirit, and affordable living makes it a desirable place to call home.
Warwick infrastructure, key developments and investment opportunities
Warwick is experiencing several developments that could impact its property market. The town's hospital is undergoing a significant upgrade, enhancing local healthcare services and potentially attracting more residents. Additionally, the recent opening of a new Supa IGA supermarket has expanded shopping options and extended trading hours, improving local amenities and convenience for residents.
Infrastructure improvements include ongoing upgrades to the Condamine River walkway and the installation of outdoor gym equipment in local parks, enhancing recreational facilities. The town's education sector remains strong, with well-regarded public and private schools continuing to attract families. While Warwick maintains its rural charm, these developments are gradually modernizing the town, potentially increasing its appeal to homebuyers and investors looking for a balance between country living and urban conveniences.
Warwick rental market trends
The rental market in Warwick has experienced notable growth, with house rents increasing by 15.6% over the past year to $520 per week, while unit rents have risen 6.7% to $400 per week. This growth reflects strong demand and the suburb's appeal as a desirable location for both renters and investors seeking promising returns in a regional setting.
Suburbs near Warwick
Some popular suburbs near Warwick include:
How does Warwick compare to nearby suburbs?
- Median house prices: Warwick’s median house price is 44.3% lower than Middle Ridge’s.
- House price growth: Over the past 12 months, house prices in Warwick have grown 0.2% higher than in Middle Ridge.
- Unit price growth: Over the past 12 months, unit prices in Warwick have grown 24.7% higher than in Middle Ridge.
- Selling speed for houses: Properties in nearby Middle Ridge are selling 4.9% faster than in Warwick.

