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 17.15%.
Comparing Waratah,2298 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Waratah should be aiming for at least -4.30% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Waratah the average time real estate has been on the market is 40.07 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 5.41% which means that Waratah, 2298 has done well for property investors by showing a capital gain of 5.21% over the last year
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.
LACK OF BUYER INTEREST may well be the reason that Waratah is offering property investors an average of -4.42. This rate of discount on properties puts Suburb at number 305th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $3840 per annum or $320 every week.