How Much is my Home Worth in Warrnambool?
The median price for a house in Warrnambool as of December 19, 2019, was $370,000. The median price for a unit is $272,500. In the past 12 months, there have been 489 houses and 133 units sold. The 12-month capital growth is at 5.80% for houses and for units, it is 13.83%. The average annual capital growth for houses is 2.30% and for units, it is 2.43%. It takes on average 76 days to sell a house and 86 days to sell a unit in Warrnambool. The gross rental yield for a house is 5.13% and 5.44% for a unit.
The DSR or Demand to Supply Ratio ranks houses and units in Warrnambool as good. This is a healthy market for buyers of houses who want to add value to their portfolio. Demand is ahead of supply and sellers are usually getting their asking price. Prices will probably marginally exceed the national average for houses.
Median House prices and rent returns in Warrnambool
- 2 bedroom house $313,000 Rent per week $300
- 3 bedroom house $347,500 Rent per week $360
- 4 bedroom house $479,000 Rent per week $440
Median Unit prices and rent returns in Warrnambool
- 2 bedroom unit No Data Rent per week $220
- 3 bedroom unit $259,900 Rent per week $290
- 4 bedroom unit $328,750 Rent per week $375
Free Real Estate Appraisal Warrnambool
Are you contemplating selling your home or land in Warrnambool? We provide accurate and free property appraisals on houses, units and land. We base our final market price on sales history and the location to shops and amenities.
Our team is happy to meet with house and landowners that are interested in selling and want to know the value of their property. Our database has a list of potential buyers that are looking for all types of real estate in Warrnambool.
Free Rental Appraisal Warrnambool
Do you have an investment property you wish to rent? Or, are you moving and want to rent out your home? Our property managers currently manage over 100 properties. There is no scenario we have not dealt with when it comes to managing real estate. We use the latest software tools to streamline our services. We deal directly with the landlord and keep them up to speed with the rental of their property.
Property Valuation Warrnambool
The majority of people believe a property appraisal and a property valuation are the same. In part this is true. However, if for legal purposes you need a valuation then you need to engage the services of a licenced property valuer. This will cost you money. If you just want to know how much your home is worth then any registered real estate agent can give you a price.
How do we appraise a property in Warrnambool
- Location to amenities
- Recent sales history of Warrnambool
- Proximity to schools and shops
- Comparison of market values
Browse our list of recently sold property in Warrnambool