What is the price of housing in Warranwood?

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That price sounds right, I had a look using the homely search. This is assuming you mean price of buying not renting.
www.homely.com.au/buy/warranwood-maroondah-melbourne-greater-victoria

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To buy 3-4 bed house I think you're looking at $750k-$850k. To rent about $500 pw.

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Rentals in Warranwood, VIC 3134