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Waratah West, NSW 2298
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$955,000
market range $925K-$1.1M
Median Unit
$720,000
market range $600K-$775K
Gross Yield (houses)
3.7%
1yr Growth (houses)
+10.4%
market range +5.0% to +12.5%
Investment snapshot for Waratah West
Waratah West has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Waratah West market and investor summary
Waratah West (NSW 2298) runs a median house price of $955K, with houses yielding a gross 3.7%. House prices have moved +10.4% over the past year and +23.9% over three years. At 2.0% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet.
Living in Waratah West: people, income and schools
Waratah West has a resident population of roughly 3,142, a number that has held fairly steady over five years. The median age is 31, younger than the national median, and families account for 58% of households.
Households here earn a median of about $79,000 a year, or roughly $1,520 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 12.1 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.
There are 51 schools within about 5km, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 13 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,142
- +2% over 5yr
- Median age
- 31 years
- Median household income
- $79,000/yr
- Households renting
- 44%
- Family households
- 58%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 51
- avg ICSEA 1036
- Unemployment
- 5.0%
- Walk score
- 13/100
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 West
View all →Frequently asked questions about Waratah West
What should I check before investing in Waratah West?
Waratah West has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +10.4% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Waratah West?
The median property price in Waratah West, NSW 2298 is $955K for houses and $720K for units.
What rental yield does Waratah West show?
The gross rental yield in Waratah West is 3.7% for houses and 4.3% for units. 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 West?
House prices in Waratah West are up 10.4% over the past year and up 23.9% 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 West?
The current vacancy rate in Waratah West is 2.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Waratah West?
Waratah West has a population of approximately 3,142 residents, with a median age of 31.
What schools are near Waratah West?
There are 51 schools within roughly 5km of Waratah West. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Waratah West affordable to buy in?
A median house in Waratah West costs about 12.1 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 West's population growing?
The population of Waratah West 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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