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Waratah West suburb profile

Waratah West is a suburb located in the city of Newcastle, New South Wales, offering a blend of residential charm and educational opportunities. Known for its proximity to the University of Newcastle, it attracts a diverse mix of students, academics, and families. The suburb features a variety of housing options, from classic homes to modern apartments, catering to different lifestyle needs. Waratah West is well-serviced by public transport and is close to essential amenities, including shopping centres and healthcare facilities. Its community-focused atmosphere and convenient location make it a desirable place for both residents and investors.

Waratah West property market performance

Waratah West’s property market has experienced a notable increase in house values, rising by 5.1% over the past 12 months. The current median house price is $960,000. In contrast, unit sales and price changes have been negligible, with no significant activity recorded.

With 17 houses and only 3 units sold over the past year, sales activity in the suburb leans heavily towards houses. Houses are selling quite quickly, with a median time on market of just 20 days, highlighting strong demand.

The rental market in Waratah West has seen a substantial increase, particularly for units, with rents rising by 30%. House rents have also surged by 12.3%, indicating a strong rental demand across the board.

HousesUnits
Median price
Past 3 months
$960KN/A
Change in value
Past 12 months
4.9%N/A
Sold
Past 3 months
204
Median days on market
Past 12 months
20N/A
Average rent
Past 12 months
$690$550
Change in rent
Past 12 months
11.3%25.6%

5 year median price trend for houses and units

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Waratah West demographics

Waratah West, located in the Newcastle region of New South Wales, is a suburb that offers a blend of suburban tranquility and urban convenience. With a population of 3,142 and a median age of 31, it is a youthful community that attracts a mix of families, students, and young professionals. The suburb's proximity to the University of Newcastle makes it an appealing choice for students and academics, contributing to its dynamic and diverse atmosphere.

The housing landscape in Waratah West is varied, with a significant portion of properties being rented, accounting for 45.5% of the housing market. This high rental rate is indicative of the suburb's appeal to those seeking flexible living arrangements, particularly students and young professionals. Meanwhile, 25.6% of properties are owned outright, and 29.0% are owned with a mortgage, reflecting a stable community with a mix of long-term residents and new homeowners.

Family dynamics in Waratah West are diverse, with couple families without children making up 43.3% of the family households, while couple families with children account for 33.1%. One-parent families represent 19.9% of the community, highlighting the suburb's inclusive nature. The median total household income of $1,518 per week suggests a moderate economic environment, suitable for both families and individuals seeking affordability without sacrificing access to amenities and services.

Suburbs near Waratah West

Some popular suburbs near Waratah West include:

How does Waratah West compare to nearby suburbs?

  • Median house prices: Waratah West’s median house price is 8.6% lower than North Lambton’s.
  • House price growth: Over the past 12 months, house prices in Waratah West have grown 13.5% higher than in Warabrook.
  • Selling speed for houses: Properties in nearby North Lambton are selling 20.0% faster than in Waratah West.

Choose the right real estate agents in Waratah West

In Waratah West ,37 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 53.9% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 1.87% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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