Suburb Profile Report for Waratah NSW (2298)

Waratah House: Median price $536,500, Annual capital growth 6.52%, Number of sales 103, Weekly median advertised rent $400

Waratah Unit: Median price $372,000, Annual capital growth 7.17%, Number of sales 29, Weekly median advertised rent $318

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.28% which means that Waratah, 2298 has done well for property investors by showing a capital gain of 19.22% over the last year

While Waratah,2298 ranked number 142th in NSW for increase in median house value (annualised) increase, it is ranked 653th over the last 5 years.

Waratah2298 is located in NSW which offers an average discount of -5.49% to property investors. Waratah itself is showing figures that indicate -4.42% is the average achievable by property buyers investing in the suburb.

At number 211 in a list of fastest selling suburbs, Waratah is in the TOP 10% of suburbs in Australia with an average of days on market 40.25 for properties listed there.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.88%, without taking into account capital value appreciation, which has been averaging out at 6.52%.

Property value increases in Waratah have tracked just lower than the NSW average of 5.73% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Waratah comes in at number 507th in NSW.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Waratah itself are offering an average vendor discount of -3.83% to real estate investors.

Renters in Suburb are facing rents around $3810 per annum or $317.5 every week.

Metrics i HOUSE UNIT
$536,500 $372,000
7.95% -7.03%
19.22% 1.92%
6.52% 7.17%
$400 $318
103 29
3.88% 4.44%
40.25 46.96

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (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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