Wareemba

POSTAL CODE: NSW, 2046

HOUSE

UNIT

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $3,127,000

The augmented property values in the suburb are trailing above the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $985.

Home owners selling their properties and realtors in WAREEMBA usually have to wait an average of N/A days before their assets are lifted off the market.

The NSW suburb ranks 1098th on the list of best yielding suburbs for rental properties in NSW, posting a 1.64% return.

It also places places 131st in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that WAREEMBA, 2046 obtained a 20.78% growth over a ten-year period. It ranks 1292nd on our list of suburbs that property investors should look into.

WAREEMBA, 2046 has a capital gain of 0% for the past year, which is lower than average compared to its 43.72% growth within a five-year period.

With the median home price in WAREEMBA sitting at $1,315,000, and the average rent at $835, property owners could potentially earn a 3.3% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in WAREEMBA are low, as opposed to average gains per annum over the past five years.

WAREEMBA, 2046 in NSW belongs to the local government area of Canada Bay.

Surburb overview

Wareemba is a suburb located approximately 12 kilometres west of Sydney's central business district, within the City of Canada Bay's local government area.

According to the 2021 Census, Wareemba has 1,519 residents. The suburb has a significant Italian heritage, with 31.7% of residents reporting Italian ancestry. English is the predominant language spoken at home, accounting for 68.6% of households, while 16.4% have Italian-speaking homes. The median age of residents is 41.

Public transportation options in Wareemba include bus services that connect the suburb to surrounding areas and the Sydney CBD. The suburb's proximity to major roads facilitates access to essential establishments in neighbouring suburbs, such as Five Dock and Abbotsford.

Wareemba's location on the eastern shore of Hen and Chicken Bay enhances recreational opportunities. Residents can enjoy waterfront activities and access nearby parks. The suburb's small group of shops on Great North Road includes popular coffee shops, contributing to the local community atmosphere.

Wareemba's unique character in Sydney's Inner West is due to its blend of cultural heritage, accessible amenities, and recreational spaces.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$3,127,000	$1,315,000
Growth Report
Median Quarterly	7.46%	-6.41%
Median 12 month	15.54%	0%
Median 3 years	9.72%	0.77%
Median 5 years	0%	43.72%
10 years average annual	2.6%	20.78%
Weekly media advert. rent	$985	$835
Time on Market	N/A	N/A
Gross Rental Yield Percent	1.64%	3.3%

Demographics (Median Values)*

Total Population 26822

Weekly Household Income 2098

Household Size 2.50

Average Age 41

Monthly Loan Repayment 2600

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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