Suburb Profile Report for Waratah NSW (2298)

Waratah House: Median price $539,000, Annual capital growth 6.52%, Number of sales 95, Weekly median advertised rent $400

Waratah Unit: Median price $366,000, Annual capital growth 6.71%, Number of sales 29, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 18.46% for the last year, Waratah, 2298 is the 345th highest performer in Australia in this respect.

Over the longer term, Waratah has seen property prices show investors a 32.60% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Waratah, 2298. Typically our figures indicate that -4.79% is being offered, which puts this NSW suburb at 2677th most discounted overall in Australia.

In the last year 95 properties changed hands in Waratah, which puts it as the 309th most active market in NSW when comparing the number of sales per suburb.

At number 1208th in the list of Australian suburbs ordered by increase in median house value over the last year, Waratah, 2298 is in the BOTTOM 40% with a property value increase of -1.08% recorded in median house prices.

Waratah,2298 has offered an average of -1.08% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Waratah 2298 should be seeing an average reduction in asking price of around -3.00% . This means that Waratah is holding prices well when compared to other suburbs in NSW.

Situated 100.99km from the CBD, Waratah is one of Newcastle localities in the postcode 2298.

Metrics i HOUSE UNIT
$539,000 $366,000
7.80% -4.38%
18.46% -1.08%
6.52% 6.71%
$400 $310
95 29
3.86% 4.40%
39.6 37.62

Source: CoreLogic

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