Warwick - Southern Downs Queensland
The charming agricultural enclave of Warwick, with its historic buildings mingling with cattle saleyards and modern housing estates, is now proving to be a magnet for investors and tree-changers from the city.
Extensive development in the resources and transport sectors on the Darling Downs is driving up house prices in Toowoomba, giving reasons for home buyers to seek a rural lifestyle elsewhere.
Warwick, about 80km south of Toowoomba, is soaking up any population overflow thanks to its cheaper house prices.
In the past 12 months, Warwick’s economy has been stimulated with $100 million in commercial property sales, while numerous other projects are either in the pipeline or under construction, creating jobs and generating increased business activity.
With a median house price of $260,000 and rental yields typically above 5%, Warwick presents as a location worth considering by investors seeking affordability, good cash-flow and prospects for growth.
This report covers the town of Warwick.