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All About Wareek, Central Goldfields, VIC, 3465

Wareek, nestled in the Central Goldfields of Victoria, is a quaint rural locality that offers a serene lifestyle for those seeking peace away from bustling city centers. The housing market in Wareek, like many rural areas, tends to be more affordable compared to urban counterparts. Properties here often consist of spacious lands, ideal for farming or establishing a rustic retreat. The market experiences moderate demand, mostly appealing to individuals or families looking for an escape to nature or seeking a more self-sustained lifestyle. Given its location, the housing inventory might not be as plentiful, but the charm of living in a tight-knit community with scenic landscapes makes it a worthy consideration.

Living in Wareek provides residents with a truly pastoral experience. The area is characterized by its expansive natural beauty, including rolling hills and patches of native bushland. Life here is generally quiet, offering a perfect environment for relaxation and reflection, making it particularly attractive for retirees or those who work remotely. The community spirit in Wareek is vibrant, with locals often participating in regional events and activities. While amenities like shopping centers and entertainment venues might not be immediately accessible as in urban areas, the nearby townships in the Central Goldfields provide necessary services and conveniences. Residents appreciate the fresh air, open spaces, and the slower pace of life that Wareek presents.

Household Makeup

Median Weekly Rent $
Median Monthly Mortgage $
Median Persons Per bed houseroom
Average Household Size
Average Age
Average Income $
Average Cars Per Dwelling
Average Properties Within 50M

Housing Stock

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Wareek Real Estate Market Outlook

Thinking about buying in Wareek? Now could not be a better time, with just 90 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $382,000 with prices in this suburb ranging from $189,000 to $899,000. The aproximate distance to the coast is 132 Km.

Consistent high demand relative to supply is a key feature in Wareek driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Wareek due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Wareek 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. Lower than average population density constrains growth in Wareek to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Wareek the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

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Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Wareek there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

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Wareek weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.812.225.332.981.15.526.1
Feb1.412.023.939.184.45.321.8
Mar1.69.920.147.387.95.417.0
Apr1.58.316.154.588.14.812.6
May2.75.511.270.694.35.38.1
Jun2.63.78.380.797.35.16.7
Jul2.92.77.383.498.05.46.7
Aug2.42.78.773.896.45.310.1
Sept2.44.212.061.493.85.614.4
Oct1.86.116.050.789.65.619.8
Nov1.87.718.844.889.25.523.3
Dec1.310.222.636.282.85.426.6

source: Australian Government Bureau of Meteorology



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