Thinking about buying in Warranwood? Now could not be a better time, with a whopping 1915 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $1,081,000 with prices in this suburb ranging from $562,000 to $1,998,000.Distance to the coast is 25 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Warranwood ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Warranwood classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Warranwood requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|Median Weekly Rent||$493.24|
|Median Monthly Mortgage||$2206.65|
|Median Persons Per Bedroom||0.81|
|Average Household Size||3.00|
|Average Cars Per Dwelling||3.15|
|Average Properties Within 50M||8.00|
|30 EDEN VALLEY RD, WARRANWOOD, VIC, 3134||4||2||2||SET PRICE $980,000|
|9A DELANEYS RD, WARRANWOOD, VIC, 3134||0||0||0||Contact Agent For Price|
|65 WELLINGTON PARK DR, WARRANWOOD, VIC, 3134||4||2||2||For Sale $950,000 - $1,000,000|
Warranwood Primary School
Melbourne Rudolf Steiner School(While the above schools are located with the suburb of Warranwood there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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