Suburb Profile Report for Waratah NSW (2298)

Waratah House: Median price $500,000, Annual capital growth 6.05%, Number of sales 99, Weekly median advertised rent $400

Waratah Unit: Median price $387,500, Annual capital growth 7.50%, Number of sales 29, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Waratah, 2298 ranked 426th in NSW when comparing growth in median property values or capital gain over the last 12 months. Waratah is one of 3163 in our list for NSW

Waratah,2298 was ranked 791 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Waratah is offering property investors an average of -5.50. This rate of discount on properties puts Suburb at number 857th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Waratah the average time real estate has been on the market is 41.32 days.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

NSW has seen average median house prices change by 5.59% which means that Waratah, 2298 has done well for property investors by showing a capital gain of 10.71% over the last year

Property investors looking for a bargain in Waratah should be aiming for at least -3.26% off the asking price, which is the average vendor discount being achieved at the moment.

At number 187 in a list of fastest selling suburbs, Waratah is in the TOP 20% of suburbs in Australia with an average of days on market 47.34 for properties listed there.

Renters in Suburb are facing rents around $3840 per annum or $320 every week.

HOUSE UNIT
$500,000 $387,500
4.17% N/A
10.13% 10.71%
6.05% 7.50%
$400 $320
99 29
4.16% 4.29%
41.32 47.34

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 4759
Median household income ($/weekly) 940
Median age of persons 40
Median housing loan repayment ($/monthly) 1768
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 440 9.2
    25-34 years 648 13.6
    35-44 years 613 12.9
    45-54 years 550 11.6
    55-64 years 446 9.4
    Others 2063 43.3
    Age Group
    Census Count Percent(%)
    Not Married 1742 55.5
    Registered Married 1065 33.9
    Defacto Relationship 334 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3774 86.1
    Japan 42 1.0
    Papua New Guinea 50 1.1
    United Kingdom 107 2.4
    Other 139 3.2
    Others 270 6.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 0.9
    Christianity 3079 74.6
    Hinduism 26 0.6
    Islam 31 0.8
    No Religion 937 22.7
    Others 18 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 212 13.0
    $400-$599 180 11.0
    $600-$799 162 9.9
    $1,000-$1,249 155 9.5
    $1,500-$1,999 186 11.4
    Others 737 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1590 43.5
    Employed, worked full-time 1133 31.0
    Employed, worked part-time 651 17.8
    Unemployed, looking for work 146 4.0
    Employed, away from work 137 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 474 24.7
    Technicians & trades workers 249 13.0
    Community & personal service workers 228 11.9
    Clerical & administrative workers 294 15.3
    Labourers 207 10.8
    Others 467 24.3
    Occupation
    Census Count Percent(%)
    Pre-school 67 6.5
    Infants/Primary 263 25.7
    Secondary 199 19.4
    Technical or Further Educational Institution 128 12.5
    University or other Tertiary Institutions 348 34.0
    Others 20 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2875 74.3
    Semi-detached, row or terrace house, townhouse 533 13.8
    Flat, unit or apartment 444 11.5
    House or flat attached to a shop, office 17 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 800 45.8
    Being purchased 515 29.5
    Fully owned 413 23.6
    Other tenure type 19 1.1
    Tenure Type
Census 2011, ABS
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Recent sales & rentals