At number 351th in the list of Australian suburbs ordered by increase in median house value over the last year, Waratah, 2298 is in the top 10% with a property value increase of 19.12% recorded in median house prices.
Comparing Waratah,2298 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Waratah 2298 should be seeing an average reduction in asking price of around -4.93% . This means that Waratah is holding prices well when compared to other suburbs in NSW.
At number 148 in a list of fastest selling suburbs, Waratah is in the TOP 10% of suburbs in Australia with an average of days on market 35.88 for properties listed there.
With the median price for a house in Waratah being $542000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.03%
Over the last year, property investments in Waratah, 2298 have given investors a capital gain of -5.55%. This compares very badly with the 6.07% for NSW as a whole.
Across a shorter period, Waratah, 2298 has seen a median price increase of -2.40% over the last quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.33% offered to property buyers. Sellers in Waratah itself are offering an average vendor discount of -3.15% to real estate investors.
Residents and property investors in Waratah have been waiting around 34.31 days to sell a property.
Advertised rents are around the $320 mark per week – giving a return of 4.55% based on the median price in Suburb