Suburb Profile Report for Waratah NSW (2298)

Waratah House: Median price $542,000, Annual capital growth 6.73%, Number of sales 91, Weekly median advertised rent $420

Waratah Unit: Median price $366,000, Annual capital growth 7.00%, Number of sales 31, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$542,000 $366,000
2.36% -2.40%
19.12% -5.55%
6.73% 7.00%
$420 $320
91 31
4.03% 4.55%
35.88 34.31

Source: CoreLogic

DSR Score for property investment : Above average (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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