Suburb Profile Report for Waratah West NSW (2298)

Waratah West House: Median price $465,000, Annual capital growth 5.49%, Number of sales 70, Weekly median advertised rent $390

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

At number 1174th in the list of Australian suburbs ordered by increase in median house value over the last year, Waratah West, 2298 is in the top 30% with a property value increase of 10.70% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Waratah West has increased when compared to the 5 year average annual rate.

Property buyers and investors in Waratah West 2298 should be seeing an average reduction in asking price of around -5.39% . This means that Waratah West is holding prices well when compared to other suburbs in NSW.

At number 456 in a list of fastest selling suburbs, Waratah West is in the TOP 20% of suburbs in Australia with an average of days on market 46.18 for properties listed there.

Property investors should expect to get $390 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$465,000 N/A
3.33% N/A
10.70% N/A
5.49% N/A
$390 N/A
70 N/A
4.36% N/A
46.18 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
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Demographics
Total population 2676
Median household income ($/weekly) 954
Median age of persons 31
Median housing loan repayment ($/monthly) 1700
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 252 9.4
    20-24 years 412 15.4
    25-34 years 427 16.0
    35-44 years 302 11.3
    45-54 years 282 10.5
    Others 1001 37.4
    Age Group
    Census Count Percent(%)
    Not Married 1189 55.4
    Registered Married 757 35.3
    Defacto Relationship 200 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2098 81.6
    Croatia 50 1.9
    Malta 63 2.5
    United Kingdom 68 2.6
    Other 103 4.0
    Others 188 7.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 1.2
    Christianity 1696 68.2
    Islam 85 3.4
    Other Religious Groups 20 0.8
    No Religion 637 25.6
    Others 19 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 132 14.3
    $600-$799 110 11.9
    $800-$999 93 10.1
    $1,000-$1,249 87 9.4
    $1,500-$1,999 111 12.0
    Others 390 42.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 968 44.1
    Employed, worked full-time 641 29.2
    Employed, worked part-time 412 18.8
    Unemployed, looking for work 114 5.2
    Employed, away from work 62 2.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 244 21.9
    Technicians & trades workers 171 15.3
    Community & personal service workers 143 12.8
    Clerical & administrative workers 121 10.9
    Sales 144 12.9
    Others 292 26.2
    Occupation
    Census Count Percent(%)
    Pre-school 33 3.8
    Infants/Primary 159 18.3
    Secondary 147 16.9
    Technical or Further Educational Institution 54 6.2
    University or other Tertiary Institutions 449 51.5
    Others 29 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2462 94.1
    Semi-detached, row or terrace house, townhouse 109 4.2
    Flat, unit or apartment 45 1.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 366 36.9
    Fully owned 338 34.1
    Being purchased 284 28.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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