Warragul is one of the Strongest Regional Performers in Victoria right now.
Warragul is growing fast. Over the past five years, the local economy has increased by almost 58%, the highest rate of any regional centre in Victoria. That growth is being driven by people moving in, homes being built, and long-term investment in infrastructure and services.
Across Baw Baw Shire, the Gross Regional Product (GRP) has jumped from $2.1 billion in 2019 to $3.31 billion in 2024. It’s a clear sign that the area is becoming one of the most active and well-supported parts of the state.
At Bloomfield Estate, we’re seeing it up close. Our first release at Bloomfield has almost entirely sold out, and land remains in high demand. The wider Warragul market is holding strong. Over the last five years, house prices have risen by 35% and residential rents are up by 28%, while the vacancy rate is sitting at just 2.4%, well below the Victorian regional average.
Investment in the region is happening at every level. There’s a new $43 million council budget focused on local roads, parks, and sports facilities and a 230-bed hospital in planning. And, more land is being unlocked to keep pace with future housing demand, with 2,400 hectares already zoned for development.
Warragul’s economy is supported by a strong mix of industries, including health care, education, and trades. These are essential services that grow as communities grow, offering stability for residents and long-term confidence especially for future residents and investors of Bloomfield Estate.
The location also matters. Warragul sits on the Princes Highway and V/Line rail corridor, giving locals easy access into Melbourne in under 90 minutes. That makes it an ideal choice for those who want space and lifestyle without losing connection to the city.
Bloomfield sits right at the centre of it all. A considered community, designed for people who want more room and a better pace of life. For buyers, it’s a chance to be part of something with genuine long-term potential.
New Land is Coming Soon at Bloomfield
Stage 2 is coming soon. Register your interest today for exclusive early-access.
Call Romy on 0438 462 464.
Data sources: Baw Baw Shire Council, Infrastructure Victoria, Victorian Government, CoreLogic, SQM Research, ABS, and V/Line.