Waratah

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 8.23% growth over a ten-year period. It ranks 471st on our list of suburbs that property investors should look into.

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

WARATAH, 2298 has a capital gain of 3.63% for the past year, which is lower than average compared to its 57.17% growth within a five-year period.

With the median home price in WARATAH sitting at $943,000, and the average rent at $650, property owners could potentially earn a 3.58% 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.

Homeowners and real estate investors betting on WARATAH, 2298 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 27.15%.

A steady increase in median property prices over a five-year period in WARATAH, 2298 translates to a 18.23% capital gain.

Property investors enjoyed capital gains of 27.15% over the last 12 months in WARATAH, translating to lower returns compared with its peers in NSW.

WARATAH, 2298 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 $733,000.

Profits due to an upward trend in home prices in WARATAH, 2298 averaged 6.08% per annum over a 3-year period.

Home owners selling their properties and realtors in WARATAH usually have to wait an average of 44 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $540 mark, reflecting a 3.83% increase in returns based on the current median price in WARATAH.

WARATAH, 2298 places 31st in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$943,000	$733,000
Growth Report
Median Quarterly	1.4%	7.79%
Median 12 month	3.63%	27.15%
Median 3 years	8.27%	18.23%
Median 5 years	57.17%	24.77%
10 years average annual	8.23%	9.36%
Weekly media advert. rent	$650	$540
Time on Market	27.5 days	44 days
Gross Rental Yield Percent	3.58%	3.83%

Demographics (Median Values)*

Total Population 9498

Weekly Household Income 1174

Household Size 2.30

Average Age 36

Monthly Loan Repayment 1733

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

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