Question 1

Is Warwick a nice place to live?

Accepted Answer

Warwick is a well-established, practical residential suburb in Perth’s inner-northern area, characterised by mature street trees and mostly single-family homes, with pockets of newer townhouses and duplexes. Everyday conveniences are close by, including a modest local shopping and service precinct, neighbourhood parks and sporting ovals, and public transport is a defining feature thanks to Warwick railway station on the Joondalup line and easy access to the Mitchell Freeway. Many residents are commuting professionals and families who value those reliable links to larger commercial centres.

The suburb is home to 3,858 people with a median age of 41 and a typical household income of $1,754 a week. Families make up the bulk of households and around four in five homes are owner-occupied, while about one in five are rented. There are no significant new public infrastructure or civic-amenity projects reported. Whether Warwick suits you will depend on whether you want an established, convenient suburban setting with good transport and local facilities.

Question 2

Is it expensive to live in Warwick?

Accepted Answer

Housing in Warwick sits well above local incomes as recorded at the most recent Census. The median house price of $1,212,500 is about 13.3 times a typical local annual household income at the last Census (weekly household income $1,754 gives an annual income of $91,208). Renting a house for around $795 a week would take about 45.4% of that typical weekly household income, which is a large share.

On these figures, buying is much more stretched against what local households earned at the last Census, while renting would also take a large portion of income. 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.

Question 3

Is Warwick a good place to invest?

Accepted Answer

Over the past 12 months Warwick shows a clear split between houses and units. Median house values climbed 19.9%, a strong rise, while median unit values fell 14.0% over the same period. House rents also increased, up 6.0% over the year, a solid rise. For someone weighing Warwick up as an investment, the value figures point to capital growth on the house side while the rent figure is the one that matters for rental income; houses have seen both price growth and higher rents this year, whereas unit prices moved lower.

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.

	Houses	Units
Median price Past 3 months	$1.21M	N/A
Change in value Past 12 months	19.9%	-14.0%
Sold Past 3 months	11	4
Median days on market Past 12 months	8	10
Average rent Past 12 months	$795	N/A
Change in rent Past 12 months	6.0%	N/A

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