Waratah West is a suburb of Newcastle, located 8 kilometres from Newcastle’s central business district.
Waratah West is approximately 1.7 square kilometres. It has 12 parks covering nearly 28.7% of total area. The population of Waratah West in 2011 was 2,676 people. By 2016 the population was 3,000 showing a population growth of 12.1% in the area during that time. The predominant age group in Waratah West is 20-29 years. Households in Waratah West are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Waratah West work in a professional occupation. In 2011, 60.4% of the homes in Waratah West were owner occupied compared with 55.6% in 2016.
Currently the median sales price of houses in the area is $762,000.
Houses in Waratah West rent out for an average of $500 PW with an annual rental yield of 3.9% and units rent for $420 PW with a rental yield of 4.2%.
Based on five years of sales, Waratah West has seen a compound growth rate of 18.8% for houses.
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