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: