With 8 years of very little price growth, yet a very steady economy and economic outlook with more than one string to its bow – ie retail, farming, tourism, and a range of industry, Warrnambool and District looks set to be a great place to invest, both for sound rental returns, and solid prospects of capital growth moving forward, in my humble opinion.

Following the massive boom in prices from the late 1990’s through to 2010, prices were either going to crash, or endure a long “catch-up” period of little growth, and it was the latter that occurred.  But over the long term, the overall trend is an upwards one, and I see no reason why this should not be the case and starting very soon – in fact I feel we are already experiencing the beginning of it.

Melbourne in recent years has seen prices continue to boom almost unbelievably.  What we have seen historically, and are seeing again, is that when the big city becomes unaffordable for many, and rent returns too low due to escalating purchase prices, the buyers spread to regional areas in search of an affordable tree/sea-change, and/or better returning investment properties.

Warrnambool and District offers both.

Some recent articles on topic are below:

The small town markets set to smash Melbourne

Live it up in Warrnambool: The case for our own city deal

Mortlake benefits from big projects

Wilsons Warrnambool & District Real Estate has your property investment needs covered.

Below is a brief summary of a sample of properties for sale right now, that could make sound investments, depending on your criteria.

Contact us any time on (03) 55612777 or sales@wilsonswarrnambool.com.au or check out www.wilsonswarrnambool.com.au to find out more.

WARRNAMBOOL

Address Price Rental Gross Return Lease Comments
23 Archibald Street

 

$209,990

 

$230

 

5.98%

 

2 Years

 

357 visa workers, needs a lot of renovation after lease.

Click here for brochure

 

12/11 King Street

 

$89.990

 

$160

 

9.20%

 

Apr-18

 

Possible restricted financing because of size.

Click here for brochure

13/11 King Street

 

$90,990

 

$150

 

8.50%

 

Leased

 

Restricted financing because of size.

Click here for brochure

 

2/430 Raglan Parade

 

$189,900

 

$220*

 

6.00%

 

Neat, Excellent long-term lease available with current owner.

Click here for brochure

 

13 Janlor Drive

 

$285,000

 

$330*

 

6.02%

 

3BR, DG, ensuite, brick Nth Warrnambool.

Click here for brochure

 

25 Panorama Ave

 

$289,990

 

$300

 

5.37%

 

Leased

 

Central location.

Click here for brochure

 

13 Westmore Street

 

$285,000

 

$340*

 

6.2%

 

Renovated house.

Click here for brochure

 

8 Westmore Street $289,990 $330* 5.9% 3 Bedroom home with a large shed & 2 living areas.

Click here for brochure

1/5 Livingston Court

 

$240,000

 

$280

 

6.00%

 

Leased

 

Renovated 3BR unit.

Click here for brochure

2/19 Koroit Street

 

$239,900

 

$270*

 

5.85%

 

Leased

 

Central unit.

Click here for brochure

 

2/6 The Esplanade

 

$339,000

 

$360*

 

5.50%

 

Leased

 

New, updated townhouse.

Click here for brochure

25 Landmann Street $299,900 $320* 5.54%
21, 22 & 23 Napier Place $285,000 $320* 5.83% Brand new townhouse

Click here for brochure

DISTRICT
1/6 Spring Street, Koroit $175,000 $180 5.83% Leased 2BR brick unit.

Click here for brochure

39 Dow Street, Terang $175,000 $190 5.64% Leased Click here for brochure
72 Mill Street, Mortlake $179,900 $220* 6.35%

Mostly renovated.

Click here for brochure

2 Webster Street, Mortlake $165,000 $200 6.3% Leased Click here for brochure
94 Spring Street, Mortlake $225,000 $220 5.08% Leased Newer townhouse in Mortlake.

Click here for brochure

42 Dunlop Street, Mortlake $179,990 $220* 6.35% Commercial options available – previously a café.

Click here for brochure

*Estimated rental figures