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Warragul, VIC 3820

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong GrowthWalkable

Median House

$695,000

market range $625K-$800K

Median Unit

$450,000

market range $425K-$500K

Gross Yield (houses)

4.5%

1yr Growth (houses)

+8.1%

market range +5.0% to +12.5%

Investment snapshot for Warragul

Warragul has enough public data for first-pass screening across yield, vacancy, price and supply signals.

Read the full Warragul verdict

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Warragul market and investor summary

Warragul (VIC 3820) runs a median house price of $695K, with houses yielding a gross 4.5%. House prices have moved +8.1% over the past year and +4.7% over three years. At 1.9% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking.

Living in Warragul: people, income and schools

Warragul has a resident population of roughly 19,856, and the area has been growing steadily, up about 15% over five years. The median age is 40, skewed a little older, and 75% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.

Households here earn a median of about $81,000 a year, or roughly $1,560 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to about 8.6 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.

There are 11 schools within about 5km, testing close to the national school average on ICSEA. Most day-to-day errands are doable on foot; the suburb scores 84 for walkability and 25 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
19,856
+15% over 5yr
Median age
40 years
Median household income
$81,000/yr
Households renting
23%
Family households
71%
Socio-economic rank
5/10
ABS advantage index
Schools within 5km
11
avg ICSEA 976
Unemployment
2.6%
Walk score
84/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Warragul

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Frequently asked questions about Warragul

What should I check before investing in Warragul?

Warragul has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +8.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Warragul?

The median property price in Warragul, VIC 3820 is $695K for houses and $450K for units.

What rental yield does Warragul show?

The gross rental yield in Warragul is 4.5% for houses and 4.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Warragul?

House prices in Warragul are up 8.1% over the past year and up 4.7% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Warragul?

The current vacancy rate in Warragul is 1.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.

How many people live in Warragul?

Warragul has a population of approximately 19,856 residents, with a median age of 40.

What schools are near Warragul?

There are 11 schools within roughly 5km of Warragul. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Warragul affordable to buy in?

A median house in Warragul costs about 8.6 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Warragul's population growing?

The population of Warragul has grown about 15% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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