Suburb Profile Report for Waratah NSW (2298)

Waratah House: Median price $600,000, Annual capital growth 7.15%, Number of sales 76, Weekly median advertised rent $430

Waratah Unit: Median price $455,000, Annual capital growth 8.90%, Number of sales 29, Weekly median advertised rent $333

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Waratah have tracked just higher than the NSW average of 8.12% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Waratah comes in at number 407th in NSW.

At number 1025th of NSW’s most discounted properties, Waratah is in the TOP 20% of the state/territory when listing in order of most discounted to least.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.73%, without taking into account capital value appreciation, which has been averaging out at 7.15%.

With a capital gain of 21.33% for the last 12 months, Waratah, 2298 has performed for property investments than its average annual 8.90% property growth over the last 5 years.

Waratah,2298 has offered an average of 21.33% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Waratah is giving property investors an average Vendor Discount of around -3.84%. This puts suburb at number 321th in NSW when ranking the most discounted suburbs.

On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.

A $332.5 per week rent on the median house gives suburb investors a gross yield of circa 3.80%, without taking into account capital value appreciation, which has been averaging out at 8.90%.

Metrics i HOUSE UNIT
$600,000 $455,000
0.00% 1.11%
10.91% 21.33%
7.15% 8.90%
$430 $333
76 29
3.73% 3.80%
30.49 34.11

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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