Waratah is a north-western suburb, 6 kilometres from Newcastle’s central business district. It’s very popular due to its central location, train station and amenities. There is a shopping centre, numerous private and public schools and The Calvary Mater Hospital, one of the biggest public hospitals in the region.
Waratah is approximately 1.9 square kilometres. It has 4 parks covering nearly 8.6% of total area. The population of Waratah in 2011 was 4,759 people. By 2016 the population was 4,487 showing a population decline of 5.7% in the area during that time. The predominant age group in Waratah is 20- 29 years. Households in Waratah are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Waratah work in a professional occupation. In 2011, 51.5% of the homes in Waratah were owner-occupied compared with 48.8% in 2016.
Currently the median sales price of houses in the area is $902,000.
Houses in Waratah rent out, on average, for $540 PW with an annual rental yield of 3.6% and units rent for $410 PW with a rental yield of 4.3%.
Based on five years of sales, Waratah has seen a compound growth rate of 17.2% for houses and 37.6% for units.
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