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

Warwick is a historic rural service town in Queensland’s Southern Downs, set among rolling farmland and river flats along the Condamine River. Its Palmerin Street main street is lined with heritage sandstone and timber buildings hosting cafes, boutiques and local businesses, giving the town a clear country-town character. Housing ranges from classic Queenslanders and timber cottages to brick homes and larger rural properties on the outskirts, and the town provides regional everyday services such as shops, medical services and sporting clubs while sitting as a gateway to the Granite Belt and nearby bushland.

With a population of 12,294 and a median age of 45, the community includes long-standing farming families, people after a quieter regional lifestyle and retirees, and families are largely made up of couples. Homes are more often owner-occupied (63.2%) than rented (36.8%), and the median household income is $1,035 a week (about $53,820 a year). Ongoing investment includes upgrades to the Warwick Saleyards and support for a regional cold storage facility. Whether Warwick suits you will depend on whether you value a country main street, nearby bushland and a mix of established and rural properties.

At about 12.3 times a typical local year's household income at the last Census, a $660,000 house in Warwick sits well above what people locally earned then. Renting is tighter: $550 a week for a house would take about 53.1% of a typical local household's weekly income at the last Census, while $400 a week for a unit would take about 38.6%. If you're renting rather than buying, that rent share is the number that matters, and whether that feels expensive depends on your own income and circumstances.

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

The clearest feature of Warwick's 12-month figures is the large rise in property values: unit values jumped 28.3% and house values rose 26.5%, both strong increases in what properties are worth over the past year.

Rents increased more modestly — house rents climbed a solid 7.8% while unit rents rose a modest 3.9%. Put another way, percentage gains in capital value this year were much larger than gains in rental income; houses saw stronger rent growth than units, while unit values rose a little more than house values. Whether that balance fits your objectives and circumstances is for you to weigh.

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.