Property investors enjoyed capital gains of 13.98% over the last 12 months in WARATAH WEST, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 6.94% growth over a ten-year period. It ranks 975th on our list of suburbs that property investors should look into.
WARATAH WEST, 2298 has a capital gain of 13.98% for the past year, which is higher than average compared to its 55.43% growth within a five-year period.
With the median home price in WARATAH WEST sitting at $530,000, and the average rent at $400, property owners could potentially earn a 3.92% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in WARATAH WEST are low, as opposed to average gains per annum over the past five years.
WARATAH WEST, 2298 in NSW belongs to the local government area of Newcastle.