Waratah West

POSTAL CODE: NSW, 2298

HOUSE

UNIT

Property investors enjoyed capital gains of 15.74% 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 9.06% growth over a ten-year period. It ranks 471st on our list of suburbs that property investors should look into.

WARATAH WEST, 2298 has a capital gain of 15.74% for the past year, which is higher than average compared to its 63.52% growth within a five-year period.

With the median home price in WARATAH WEST sitting at $930,000, and the average rent at $620, property owners could potentially earn a 3.47% 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.

Based on its average 5-year and quarterly capital gains WARATAH WEST, 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 the NSW suburb obtained a 9.32% growth over a ten-year period. It ranks 87th on our list of suburbs that property investors should look into.

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

WARATAH WEST, 2298 has a capital gain of 19.36% for the past year, which is higher than average compared to its 69.1% growth within a five-year period.

With the median home price in WARATAH WEST sitting at $706,000, and the average rent at $580, property owners could potentially earn a 4.27% 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.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$930,000	$706,000
Growth Report
Median Quarterly	4.49%	9.97%
Median 12 month	15.74%	19.36%
Median 3 years	21.81%	18.67%
Median 5 years	63.52%	69.1%
10 years average annual	9.06%	9.32%
Weekly media advert. rent	$620	$580
Time on Market	27 days	28.2 days
Gross Rental Yield Percent	3.47%	4.27%

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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