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Waratah
AREA REPORTS

Waratah

Waratah - 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 6.47% growth over a ten-year period. It ranks 948th 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 14.09% for the past year, which is higher than average compared to its 36.41% growth within a five-year period.

With the median home price in WARATAH sitting at $627,500, and the average rent at $440, property owners could potentially earn a 3.65% 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

Waratah
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $627,500 $436,500
GROWTH REPORT
Median Quarterly 2.87% -12.22%
Median 12 month 14.09% -10%
Median 3 years 4.58% -4.07%
Median 5 years 36.41% 15.78%
10 years average annual 6.47% 6.33%
Weekly media advert. rent $440 $360
Time on Market 44.3 days 69.9 days
Gross Rental Yield Percent 3.65% 4.29%
demographics (median values)*
Total Population
9498
Weekly Household Income
1174
Household Size
2.30
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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