Suburb Profile Report for Waratah West NSW (2298)

Waratah West House: Median price $432,750, Annual capital growth 4.78%, Number of sales 72, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report

Investment property in Waratah West has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.05%

A 25.43% growth in median value for property investors in Waratah West,2298 puts this suburb at number 522th in terms of best performing suburbs in NSW

Waratah West2298 is located in NSW which offers an average discount of -5.53% to property investors. Waratah West itself is showing figures that indicate -5.31% is the average achievable by property buyers investing in the suburb.

At number 234 in a list of fastest selling suburbs, Waratah West is in the TOP 10% of suburbs in Australia with an average of days on market 41.33 for properties listed there.

With the median price for a house in Waratah West being $432750 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.45%

HOUSE UNIT
$432,750 N/A
1.82% N/A
8.05% N/A
4.78% N/A
$370 N/A
72 N/A
4.45% N/A
41.33 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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