Powered by MOMENTUM MEDIA
AREA REPORTS

Waratah

Suburb Profile

Waratah - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2298

house
unit

Based on its average 5-year and quarterly capital gains WARATAH, 2298 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that WARATAH, 2298 obtained a 5.59% growth over a ten-year period. It ranks 1093rd on our list of suburbs that property investors should look into.

WARATAH, 2298 in NSW belongs to the local government area of Newcastle (C).

WARATAH, 2298 has a capital gain of -9.17% for the past year, which is lower than average compared to its 30.07% growth within a five-year period.

With the median home price in WARATAH sitting at $545,000, and the average rent at $430, property owners could potentially earn a 4.1% increase in gross rental yield.

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

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $545,000 $385,000
GROWTH REPORT
Median Quarterly 1.87% -12.5%
Median 12 month -9.17% -14.21%
Median 3 years 10.1% -4.94%
Median 5 years 30.07% 10.02%
10 years average annual 5.59% 6.52%
Weekly media advert. rent $430 $330
Time on Market 50.2 days 57.8 days
Gross Rental Yield Percent 4.1% 4.46%
demographics (median values)
Total Population
4288
Weekly Household Income
676.2
Household Size
2.10
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

How to find a good property manager

Investor stories: How to find a good property manager

Several property investors consider a good team of professionals as one of the most important keys to success in wealth creation. How do you...

Home purchase

Delaying home purchase can have consequences

With the bedrock of Australia’s retirement system relying on home ownership, indefinitely delaying buying a home can have negative effects...

Simon Cohen

Advantages of a buyer’s agent in a challenging market

As the property market continues to show strong growth due to undersupply, low credit and a strong case of FOMO, it is becoming tougher for ...

5 non-traditional ways

5 non-traditional ways to buy property

As society changes, so too should our expectations of the ways we can make property ownership dreams a reality, according to an expert. ...

No need to rush: Property ladder not a priority

The delay in the uptake of property ownership by young Australians is less about affordability issues and more about longer lifespans, a new...

How much do you need to become a property investor

How much do you need to become a property investor?

Before diving headfirst into the market and looking for the perfect property, aspiring property investors are strongly advised to plan out ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.