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Waitara suburb profile

Waitara is a vibrant suburb located in Sydney's Upper North Shore, approximately 21km from the CBD. Known for its leafy streets and family-friendly atmosphere, Waitara offers a mix of modern apartments and traditional homes. The suburb is well-served by public transport, with Waitara railway station providing easy access to the city and surrounding areas. Residents enjoy proximity to Hornsby Westfield for shopping and dining, as well as nearby parks and recreational facilities. With its blend of convenience and suburban charm, Waitara is a popular choice for families, professionals, and retirees seeking a balanced lifestyle.

Waitara property market performance

Current median dwelling price$1,667,750Past 3 months

Property growth-2.2%Past 12 months

In Waitara, the property market has demonstrated notable activity in the unit segment over the past 12 months while the house market has remained static. The median unit price increased by 4.3% to $800,000. Conversely, house sales data is minimal, reflecting a stagnant segment with only one house sold and no change in value.

Over the past three months, 36 units were sold, with a median of 29 days on the market, indicating a healthy demand. However, houses showed no market activity, highlighting a lack of movement in this segment.

In the rental market, unit rents saw an increase of 5.9%, with an average rent of $720, while house rents remained unchanged at $800, underscoring a stronger demand for units in Waitara over the last year.

HousesUnits
Median price
Past 3 months
N/A$825K
Change in value
Past 12 months
-10.5%6.0%
Sold
Past 3 months
138
Median days on market
Past 12 months
N/A27
Average rent
Past 12 months
$800$720
Change in rent
Past 12 months
-3.6%5.9%

5 year median price trend for houses and units

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Waitara demographics

Waitara, located in the Upper North Shore of Sydney, is a suburb that offers a blend of suburban tranquility and urban convenience. With a population of 7,837 and a median age of 36, Waitara is home to a diverse community that includes young families, professionals, and long-term residents. The suburb's proximity to Hornsby and its excellent transport links make it an attractive option for those seeking a balanced lifestyle with easy access to the city.

The family-oriented nature of Waitara is evident, with 51.8% of households being couple families with children, and 33.2% being couple families without children. This demographic composition highlights the suburb's appeal to families who value the area's schools, parks, and community facilities. Additionally, 13.3% of households are one-parent families, reflecting a supportive environment for diverse family structures.

Housing in Waitara is a mix of ownership and rental, with 18.9% of properties owned outright and 29.9% owned with a mortgage. The rental market is also significant, with 51.3% of properties being rented, catering to those who prefer flexibility or are new to the area. This balance of ownership and rental options makes Waitara an accessible suburb for a wide range of residents. The suburb's median total household income of $2,106 per week indicates a relatively affluent community, attracted by the area's amenities and lifestyle offerings.

Suburbs near Waitara

Some popular suburbs near Waitara include:

How does Waitara compare to nearby suburbs?

  • Median house prices: Waitara’s median house price is 46.6% higher than Hornsby’s.
  • Median unit prices: Waitara’s median unit price is 13.8% higher than Hornsby’s.
  • House price growth: Over the past 12 months, house prices in Waitara have grown 13.2% higher than in Warrawee.
  • Unit price growth: Over the past 12 months, unit prices in Waitara have grown 3.9% higher than in Hornsby.
  • Selling speed for units: Properties in Waitara are selling 53.4% faster than in Wahroonga.
  • Investment considerations: In Waitara, the rental yield for house is 12.2% lower than the Sydney average, while the rental yield for units is 7.9% lower.
  • House price growth: Over the past 12 months, house prices in Waitara have grown 15.2% higher than the average rate of growth across Sydney.
  • Unit price growth:Over the past 12 months, unit prices in Waitara have grown 12.7% lower than the average rate of growth for units across Sydney.

Choose the right real estate agents in Waitara

There are 83 real estate agents in Waitara, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 39.1% of all sales in the past year.

Commission rates in Waitara typically range from 1.72% to 2.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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