It can definitely go up, compared to Melbourne in generally it is still very cheap.
Nice town and lifestyle, friendly people good transport options into melbourne by train or easy access to freeway if driving.
The extra time commuting to Melbourne is justified by the bang for your buck and the fresh air.
Morwell and Trafalgar is simply too far if travelling to Melbourne regularly so Warragul seems to be the happy medium, 30 per cent less expensive than the next nice township of Berwick and just as nice of an area to raise a family.
We are moving here in December as just bought a 4 bedroom established home, well under the price we would pay closer to Melbourne. Ticks all of our boxes.
The market in the country is governed by access to employment and does not follow Melbourne prices, even though the realestate industry tries to push it that way. Warragul market is completely and hopelessly overvalued (there is very little employment here... you do the maths). This is reflected in the sheer number of "undisclosed sale prices". Real estate agents do not disclose the prices they achieve as they are usually well below the asking price. Beware of new developments. Some are exceptionally overvalued. Jarna Group for example are particularly greedy and subdivide every inch into blocks, without regard for livability. Not even space for a footpath. Overcrowded with blocks way too small for a country setting and hopelessly overpriced. Soon their developments will look like StAlbans and Deer Park...; all this despite a huge and ever growing supply of land, mostly unsold. If you decide to buy, only pick the best and offer well below asking price (and avoid bad development like Jarna). But make sure you have a job first, as the commute to Melbourne will get very boring indeed....
Impossible overpriced for the distance away from Melbourne. Plots sizes for new builds sooo small and seem to get smaller with each new release. You have all the inconviences of lack of shops and you can't even buy a house that has a garden for growing a few of your own crops, not if you are on a local wage anyway. Prices soared by 12% but I just don't see why? As jobs scare, it seems older people and investors must be purchasing pushing the prices up. We have been struggling to buy a house for our family for over a year, had to live in a hotel and now travel 20 minutes for the school in Warragul my son goes to as presumed we would find a house by now... Anything half decent is sold before I even get a chance to look round. Sadly starting to give up on trying to make this area work for us, it just feels impossible to buy a home here. Rentals hard (we had to rent in Traf and wait for a month to get into that) and the towns parking is a struggle around midday. It should on paper be great but it has turned into a nightmare. Getting scared to purchase as prices going up so much and personally fear a crash like in Traralgon and Morwell, it just seems like it can't keep going up?