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.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $960K | N/A |
Change in value Past 12 months | 4.9% | N/A |
Sold Past 3 months | 20 | 4 |
Median days on market Past 12 months | 20 | N/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
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.

