Over the last year, property investments in Waratah, 2298 have given investors a capital gain of 10.81%. This compares favourably with the 7.15% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Waratah comes in at number 774th in NSW.
Property buyers and investors in Waratah 2298 should be seeing an average reduction in asking price of around -4.41% . This means that Waratah is holding prices well when compared to other 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 46.17 days.
If you compare the increase in value of investment property in Waratah, 2298 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 16.83%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Waratah has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Waratah should be aiming for at least -3.02% off the asking price, which is the average vendor discount being achieved at the moment.
Waratah is 299th on a list of best yielding suburbs for rents in NSW with a 4.12% return