Are you considering an investment in Waratah, NSW? In this suburb profile we provide an overview of median sale price trends, trend in weekly rental income, and an overview of rental demand.
Data provided is from a variety of sources, including CoreLogic RP Data, the Australian Bureau of Statistics, and RealEstate.com.au. This information is intended as a guide and not financial advice. Please discuss your individual investment goals and circumstances with your accountant and/or financial advisor before taking any action.
Waratah - Location Overview
Waratah is centrally located just 6 kilometres from the Newcastle CBD, with popular Waratah Shopping Village offering a great variety of shops and cafes at its heart (plus an outstanding Christmas light display!).
The suburb has grown from an industrial history into a vibrant and desirable residential location, serviced by quality shops and schools. The suburb's primary schools include Waratah Public School and Corpus Christi Catholic School, while Callaghan College and St Phillip’s Christian College provide quality high schooling.
The University of Newcastle is just a train stop away, while the Calvary Mater Hospital lies within Waratah itself.
Housing in the area is diverse, from units and older homes to modern developments, however 3 bedroom home sales are significantly more frequently on market.
Waratah Median Sale Price Trend
Waratah 3 bedroom houses
Historical trend of median sales growth for 3 and 4 bedroom houses in Waratah is shown in the below chart.
Waratah Weekly Rental Income Trend
Historical annual trend of weekly rents for each of these property types is shown in the chart below.
Rental Demand in Waratah
These figures indicate a significant increase in interest in 3 bed units especially in recent months (Jan and Feb 2019). Demand for 3 bedroom units has surpassed 3 bedroom houses, and is very close to matching demand for 4 bedroom houses.
Historical trend of rental demand for each of the above property types is shown in the chart below.
Waratah Investment Property Management
We are highly experienced in managing investment properties in Waratah, as well as nearby suburbs including Georgetown, Islington and North Lambton.
If you have any questions regarding rental property management and our experience in the Waratah rental market, or you would like a no-obligation rental appraisal of a property in Waratah, contact us at any time.
Carnelian Property Management Newcastle NSW
We are a family-owned and run Newcastle real estate agent offering expert property management across Newcastle and Lake Macquarie.