Ray White Warrnambool

What’s happening in your market? Welcome to our annual Warrnambool market report. We employ over 25 staff locally and offer an array of methods to assist vendors looking to sell their property - private treaty, auction and expressions of interest. With the latest in technological advancements Ray White Warrnambool utilise social media, video and digital methods to assist in marketing property, employing a full-time marketing coordinator. Property trends across the country have fluctuated dramatically with bank adjustments, Royal Commission and uncertain political stances. Warrnambool has bucked that trend, recording it’s strongest median house price year of all time in 2018. The volume of sales continued to trend upwards with the highest number of sales recorded since 2009. The stability in Warrnambool’s market can be put down to strong employment opportunity and extremely strong local manufacturing. Warrnambool is continuing to see housing developments with good land supply and building opportunities. Growth areas include Hopkins Point Road precinct, North Warrnambool - Wangoom Road/Wollaston Road along with additional development behind Gateway Plaza and Dennington South. With uncertainty in the banking sector this has increased the demand for rental properties, and Warrnambool is experiencing record number of tenants and record rental prices. Demand is outweighing supply and providing investors with a positive opportunity to invest in our local marketplace. Ray White Warrnambool www.raywhitewarrnambool.com.au (03) 5564 1500