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Waratah, NSW 2298
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$975,000
market range $925K-$1.1M
Median Unit
$735,000
market range $575K-$800K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+7.3%
market range +5.0% to +12.5%
Investment snapshot for Waratah
Waratah has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Waratah market and investor summary
In Waratah, NSW 2298, the median house sells for around $975K, on a gross rental yield of 3.8% for houses. House prices have moved +7.3% over the past year and +23.1% over three years. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking.
Living in Waratah: people, income and schools
About 4,927 people live in Waratah, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and families account for 56% of households.
The typical household income runs to around $79,000 a year (about $1,510 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 12.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 52 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Most day-to-day errands are doable on foot; the suburb scores 84 for walkability and 100 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 4,927
- +2% over 5yr
- Median age
- 41 years
- Median household income
- $79,000/yr
- Households renting
- 46%
- Family households
- 56%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 52
- avg ICSEA 962
- Unemployment
- 5.0%
- Walk score
- 84/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Waratah
View all →Frequently asked questions about Waratah
What should I check before investing in Waratah?
Waratah has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +7.3% in the past year shows positive recent price momentum. 3-year capital growth of +23.1% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Waratah?
The median property price in Waratah, NSW 2298 is $975K for houses and $735K for units.
What rental yield does Waratah show?
The gross rental yield in Waratah is 3.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Waratah?
House prices in Waratah are up 7.3% over the past year and up 23.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Waratah?
The current vacancy rate in Waratah is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Waratah?
Waratah has a population of approximately 4,927 residents, with a median age of 41.
What schools are near Waratah?
There are 52 schools within roughly 5km of Waratah. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Waratah affordable to buy in?
A median house in Waratah costs about 12.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Waratah's population growing?
The population of Waratah has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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