Average price trends
535,000
Jan
565,000
Feb
669,950
Mar
What are the property taxes in Warrnambool and are there any other ongoing costs I should consider?
In Warrnambool, Victoria, property taxes, known as Council Rates, vary based on the property's valuation. On average, residential rates are $2,062.43 AUD annually. Additionally, consider water rates, typically around $ 1,078 AUD yearly, and garbage collection fees, approximately $ 344 AUD annually. Adjustments may apply based on specific services or property attributes. For detailed information, check with Warrnambool City Council and local utilities.
What types of upfront costs and fees will I have to pay when purchasing a property in Warrnambool?
When purchasing property in Warrnambool, be prepared for several upfront costs including a deposit (usually 10% of the purchase price), stamp duty, legal/conveyancing fees, building and pest inspection fees, and loan application fees. Total costs vary based on the property price and your situation. Stamp duty calculators available online can help estimate these fees for you.
How does the Warrnambool property market compare to ther regions in the Australia?
The median house price in Warrnambool is around $ 435,000 AUD, which is more affordable compared to Melbourne's median of approximately $ 795,000 AUD and Sydney's median of around $1,211,488 AUD. This makes Warrnambool an attractive option for those seeking more affordable property investment opportunities or home ownership in Australia.
How competitive is the Warrnambool property market?
The property market in Warrnambool, Victoria, Australia, is moderately competitive, reflecting a growing interest in coastal living. As of 2023, the median house price in Warrnambool stands at approximately $ 460,000 AUD. A substantial number of homes listed sell after less than 20 days on the market, indicating a healthy turnover and growing demand. Healthcare and education expansions contribute to its desirability.
