Giving property investors a a poor capital gain of -10.41% for the last year, Waratah, 2298 is the 3388th highest performer in Australia in this respect.
The five-year average increase in median property values for Waratah,2298 has given property investors a potential capital gain of 31.33% across each of those five years.
The most recent median price for Waratah is $545000, with sellers offering an average of -5.63% off the asking price.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 4.20%, without taking into account capital value appreciation, which has been averaging out at 5.58%.
Giving property investors a an unimpressive capital gain of -4.65% for the last year, Waratah, 2298 is the 919th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Waratah,2298 has racked up an average of -4.65% over the period. This ranks it number 938th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $340 mark per week – giving a return of 4.31% based on the median price in Suburb
Information supplied by:
Houses off the market quickly
Median house price: $572,500
Three-year growth: 25.1%
Rental yield: 3.9%
First established in the 1820s, Waratah was a coal mining and brickmaking suburb located in 6km northwest of Newcastle. It has since become a bustling residential area.
The suburb reports a median house price of over $550,000, but this figure looks like it could drop over the next few months. In the February 2019 quarter, values slipped by 5.2%. Even then, houses are still being snapped in an average of 37 days.
Waratah’s train station was originally opened in the 1850s, and is a stop on the Hunter line of the NSW Trainlink at present. The suburb also contains several schools, such as the Technology Campus of Callaghan College Waratah and St Philip’s Christian College. There are also a couple of hospitals and a nursing home. The Waratah Oval and local park are great recreational spots for families with kids.