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

Please select your suburb from the drop down

Join the 2 million Australians* who use our services every year.

Geo Page

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

Warwick's property market has experienced significant growth over the past 12 months, with house values rising by 19.7% and unit values increasing by 22.1%. The current median house price stands at $462,500, while the median unit price is $350,000, indicating strong demand across both property types.

Sales activity has been robust, with 68 houses and 7 units sold over the last 12 months. Houses are selling relatively quickly, with a median of 32 days on the market, while units are moving even faster at 24 days, reflecting a competitive market environment.

The rental market in Warwick has also seen notable changes, with house rents increasing by 15.1% and unit rents rising by 4.6% over the past year. The average rent for houses is now $495, while units average $340, highlighting a strong rental demand, particularly for houses.

Median price - houses$473KPast 3 months

Median price - units$350KPast 3 months

Change in value - houses19.5%12 months

Change in value - units22.8%12 months

Houses sold72Past 3 months

Units sold8Past 3 months

Median DOM - houses30Past 12 months

Median DOM - units22.5Past 12 months

Average rent - houses$498Past 12 months

Average rent - units$340Past 12 months

Change in rent - houses13.1%Past 12 months

Change in rent - units5.4%Past 12 months

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 15.1% over the past year to $495 per week, while unit rents have seen a more modest rise of 4.6% to $340 per week. This growth reflects the suburb's appeal, driven by its community atmosphere and regional charm, making it an attractive option for both renters and investors.

Suburbs near Warwick

Some popular suburbs near Warwick include:

Common questions about Warwick

  • Is Warwick a nice place to live?

    Warwick is a delightful place to live, offering a harmonious blend of rural charm and modern conveniences. Nestled in the Southern Downs region, this picturesque town is perfect for those who appreciate a slower pace of life without sacrificing access to essential amenities. The community vibe is warm and welcoming, with a strong emphasis on family-friendly living. Warwick's proximity to Brisbane ensures that residents can enjoy the tranquility of country living while still having the option to access the city's offerings when needed.

    Families will find Warwick particularly appealing due to its excellent educational facilities and abundance of recreational activities. The town's parks and green spaces provide ample opportunities for outdoor fun, while the recent infrastructure improvements, such as the upgraded Condamine River walkway, enhance the quality of life for residents. Safety is generally not a major concern, contributing to the overall peace of mind for families and retirees alike.

    While Warwick offers a serene lifestyle, it does come with some trade-offs. The town lacks the bustling nightlife and cultural diversity found in larger urban centers, which might not appeal to everyone. However, this is balanced by the strong sense of community and the opportunity to engage in local events and festivals that celebrate Warwick's unique heritage. For those seeking a peaceful, community-oriented environment with a touch of modernity, Warwick is a charming choice.

    Down Pointer
  • Is it expensive to live in Warwick?

    Living in Warwick can be considered relatively affordable compared to larger cities in Queensland. The median house price is around $462,500, and for units, it's about $350,000. These prices are quite reasonable when compared to the skyrocketing property prices in major metropolitan areas. Renting is also affordable, with houses averaging $495 per week and units at $340 per week.

    The average wage in Warwick is approximately $81,000 per year, which aligns well with the cost of living in the area. This is slightly below the average wage in larger Queensland cities like Brisbane, but the lower property prices and rents in Warwick help balance this out. The median total household income weekly is $1,035, suggesting that housing costs are manageable for many residents.

    Overall, if you're thinking of living in Warwick, you can expect a more affordable lifestyle compared to larger urban centers. The combination of reasonable housing prices and a decent average wage makes Warwick an attractive option for those seeking a balance between cost and 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.
    Down Pointer
  • Is Warwick a good place to invest?

    Warwick is showing promising signs as a potential investment hotspot, with impressive growth in both house and unit values over the past year. The median house value has surged by 19.7%, while units have seen an even more remarkable increase of 22.1%. This upward trend indicates a strong demand for properties in the area, making it an attractive option for investors looking to capitalize on capital growth.

    In addition to property value increases, rental yields in Warwick are also on the rise. House rents have jumped by 15.1%, suggesting a robust demand for rental properties, which is great news for investors seeking steady rental income. Although unit rents have grown at a slower pace of 4.6%, the overall rental market remains healthy, providing a balanced opportunity for both capital growth and rental returns.

    Overall, Warwick presents a compelling case for investment with its significant property value appreciation and strong rental market. The combination of these factors makes it a suburb worth considering for those looking to invest in real estate with the potential for both immediate and long-term gains.

    Down Pointer
Geo Page

Get a head start and compare top local agents in Warwick

Not quite ready to sell?

icon

Property report

Suburb and property report

Completed by independent professional experts not a computer.
icon

OpenEstimates

Digital estimate for your property

Compare your property to three recent sales to get a digital estimate.
icon

Navigate the market like a pro

Navigate the market

Get an understanding of the market signals you should keep an eye on.