Suburb Profile Report for Waratah NSW (2298)

Waratah House: Median price $545,000, Annual capital growth 5.58%, Number of sales 65, Weekly median advertised rent $440

Waratah Unit: Median price $410,000, Annual capital growth 6.98%, Number of sales 16, Weekly median advertised rent $340

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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:


April 2019

M
O

W
E

Houses off the market quickly

Postcode: 2298

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.

Metrics i HOUSE UNIT
$545,000 $410,000
-2.59% -6.82%
-10.41% -4.65%
5.58% 6.98%
$440 $340
65 16
4.20% 4.31%
49.3181818181818 54.5833333333333

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Waratah NSW
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
Chart Table