Average price trends
490,000
Jan
475,000
Feb
492,500
Mar
What are the property taxes in Warwick and are there any other ongoing costs I should consider?
In Warwick, Queensland, Australia, property owners pay rates to the Southern Downs Regional Council, with average residential rates around $2,000-2,500 AUD annually. Additional costs include water access and usage charges, potentially totaling $300-800 AUD yearly, and insurance. For up-to-date rates and charges, visit sdrc.qld.gov.au. Always consider maintenance and renovation expenses for homeownership.
What types of upfront costs and fees will I have to pay when purchasing a property in Warwick?
When purchasing property in Warwick, upfront costs include stamp duty, ranging from $ 0 AUD for properties under $ 500,000 AUD to approximately 3.5% of the property value. Inspection fees can be around $ 600 AUD. Legal fees might cost $1,000-$ 3,000 AUD. Don’t forget loan application fees, if applicable, which can vary widely. Always confirm specific costs with your conveyancer or financial institution.
How does the Warwick property market compare to ther regions in the Australia?
The property market in Warwick, with an average house price of around $ 305,000 AUD, presents more affordable options compared to major cities like Sydney or Melbourne where average prices exceed $1,000,000 AUD and $ 780,000 AUD respectively. This makes Warwick an attractive choice for buyers seeking value and a quieter lifestyle.
How competitive is the Warwick property market?
The property market in Warwick, Queensland, Australia, exhibits moderate competitiveness. As of early 2023, the median house price in Warwick was approximately $ 345,000 AUD, experiencing a growth of around 6.15% over the past year. With an increasing demand, properties typically remain on the market for about 60-90 days before selling, reflecting a balance between buyer interest and available listings. This data suggests a healthy level of activity, drawing attention from both local and outside investors keen on the region's affordability and lifestyle appeal.
