Waratah has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 19.33% to date .
While Waratah,2298 ranked number 770th in NSW for increase in median house value (annualised) increase, it is ranked 761th over the last 5 years.
The most recent median price for Waratah is $552500, with sellers offering an average of -4.94% off the asking price.
In the last year 85 properties changed hands in Waratah, which puts it as the 365th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $400 mark per week – giving a return of 3.76% based on the median price in Suburb
Over the last year, property investments in Waratah, 2298 have given investors a capital gain of 2.80%. This compares badly with the 7.74% for NSW as a whole.
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.
Waratah, 2298 is offering NSW ‘s 412th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this NSW.
With the median price for a house in Waratah being $385000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.32%