All About Warrnambool, VIC, 3280

Warrnambool, a coastal city in south-western Victoria, is located around 265km from the state capital, Melbourne. With a population of over 35,000, it is a relatively sizeable, relatively populous city with a history stretching back tens of thousands of years. Its name derives from the nearby Mount Warrnambool, however the aboriginal root of this name is something of a mystery; it is known that the prefix “Warr- “ usually refers to a dwelling, but aside from this its meaning is unknown. As a somewhat large city and by far the most significant centre of business, finance, education and commerce for quite a distance, Warrnambool has a central business district as well as a railway station, a number of schools and a university campus run by Deakin University.

As a local service centre and the largest settlement in its area, Warrnambool serves as the heart of its region’s culture and character. It sees quite a lot of tourism due to its coastal situation and the associated beautiful views that may be found along its beautiful beaches, some of which are used by surfers. Warrnambool sits along both the Great Ocean Road and the Princes Highway and is connected to Melbourne and the city of Geelong by rail via V/Line services running from the Warrnambool railway station. In conclusion, Warrnambool is a well-serviced, culturally rich city with stunning coastal vistas and a thriving economy, and is an excellent place to own property.

Warrnambool Real Estate Market Outlook

Thinking about buying in Warrnambool? Now could not be a better time, with 22067 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $616,000 with prices in this suburb ranging from $87,000 to $3,890,000. Warrnambool is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

In Warrnambool there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Warrnambool are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Warrnambool changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Warrnambool necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Warrnambool we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Warrnambool a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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