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 7.21% growth over a ten-year period. It ranks 891st 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 9.36% for the past year, which is lower than average compared to its 63.09% growth within a five-year period.

With the median home price in WARATAH sitting at $607,500, and the average rent at $420, property owners could potentially earn a 3.6% 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 $607,500 $430,000
GROWTH REPORT
Median Quarterly 1.25% -6.52%
Median 12 month 9.36% 2.38%
Median 3 years 36.2% 28.36%
Median 5 years 63.09% 24.65%
10 years average annual 7.21% 9.15%
Weekly media advert. rent $420 $340
Time on Market 32.8 days 38.1 days
Gross Rental Yield Percent 3.6% 4.11%
demographics (median values)
Total Population
4288
Weekly Household Income
676.2
Household Size
2.10
demographics
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