Noraville vs Waratah
Property investment comparison - Noraville, NSW 2263 vs Waratah, NSW 2298
Head-to-head across core investment metrics: Noraville wins 2, Waratah wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Noraville | Waratah |
|---|---|---|
| Median house price | $975K | $975K |
| Median unit price | $360K | $735K |
| Gross rental yield (houses) | 3.45% | 3.79% |
| Gross rental yield (units) | - | - |
| 1-year house growth | +10.3%estimate | +7.3% |
| 3-year house growth | - | +23.1% |
| Vacancy rate | 1.8% | 0.8% |
| Population | 3,001 | 4,927 |
Noraville vs Waratah: what the numbers say
Houses cost about the same in both suburbs: the median house price is $975K in Noraville and $975K in Waratah.
For units, Noraville sits at a median of $360K against $735K in Waratah, which makes Noraville the more affordable unit market and Waratah the pricier one.
On cash flow, Waratah leads: houses there return a gross rental yield of 3.79%, compared with 3.45% in Noraville, a gap of 0.34 percentage points.
Over the past year house prices moved +10.3% in Noraville (an estimate) and +7.3% in Waratah, so recent momentum favours Noraville, although both suburbs recorded growth.
Rental vacancy is 0.8% in Waratah and 1.8% in Noraville, so landlords in Waratah face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Waratah is the bigger suburb, with a population of 4,927 against 3,001, larger than Noraville; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Waratah for rental income, Noraville for recent price momentum, Waratah for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
Compare any 2-4 Australian suburbs
Build your own multi-suburb comparison with the full interactive tool.
Open interactive comparison