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Warwick, WA 6024
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,105,000
market range $1.1M-$1.2M
Median Unit
$630,000
market range $550K-$925K
Gross Yield (houses)
3.9%
1yr Growth (units)
+13.9%
market range -10.0% to +27.5%
Investment snapshot for Warwick
Warwick has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Warwick market and investor summary
Warwick (WA 6024) runs a median house price of $1.1M, with houses yielding a gross 3.9%. House prices have moved +63.6% over three years. At 0.3% 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 3.9% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.3% and a resident base that is not shrinking.
Living in Warwick: people, income and schools
About 3,858 people live in Warwick, and the area has been growing steadily, up about 6% over five years. The median age is 41, skewed a little older, and 78% 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 $91,000 a year, or roughly $1,750 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.1 times local household income, so affordability is a genuine constraint on local buyers.
There are 59 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 13 km from the CBD. It is fairly car-dependent; the suburb scores 24 for walkability and 70 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,858
- +6% over 5yr
- Median age
- 41 years
- Median household income
- $91,000/yr
- Households renting
- 19%
- Family households
- 74%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 59
- avg ICSEA 1096
- Unemployment
- 3.4%
- Distance to CBD
- 13 km
- Walk score
- 24/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Warwick
View all →Frequently asked questions about Warwick
What should I check before investing in Warwick?
Warwick has enough public data for first-pass screening across yield, vacancy, price and supply signals. 3-year capital growth of +63.6% shows sustained momentum, not just a single-year spike. Tight rental market (0.3% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Warwick?
The median property price in Warwick, WA 6024 is $1.1M for houses and $630K for units.
What rental yield does Warwick show?
The gross rental yield in Warwick is 3.9% for houses and 2.7% 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 Warwick?
House prices in Warwick are up 63.6% 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 Warwick?
The current vacancy rate in Warwick is 0.3%. 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 Warwick?
Warwick has a population of approximately 3,858 residents, with a median age of 41.
What schools are near Warwick?
There are 59 schools within roughly 5km of Warwick. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Warwick affordable to buy in?
A median house in Warwick costs about 12.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Warwick's population growing?
The population of Warwick has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Warwick from the CBD?
Warwick is about 13 km from the CBD.
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