Waratah NSW 2298 — House Prices, Rent & Suburb Profile
Waratah is a suburb in New South Wales (postcode 2298). The median sale price is $958k (+166% since 2012). The median weekly rent is $580/week, a gross rental yield of about 3.1%. It has a population of about 4,927 (ABS Census 2021).
Median sale price trend
| Year | Median sale price |
|---|---|
| 2021 | $730,000 |
| 2022 | $778,500 |
| 2023 | $755,500 |
| 2024 | $830,000 |
| 2025 | $859,500 |
| 2026 | $957,500 |
Source: NSW Valuer General bulk property sales. Medians shown only where there are enough sales.
Median weekly rent by bedrooms
| Bedrooms | Median weekly rent |
|---|---|
| 1-bedroom | $325 |
| 2-bedroom | $540 |
| 3-bedroom | $720 |
Postcode-level median (all property types). Source: NSW DCJ rental bonds.
Housing mix
Predominantly house (71% of recorded sales, most commonly around 300-500㎡ land).
Demographics (ABS Census 2021)
- Population: 4,927
- Median age: 41
- Median weekly household income: $1,511
- Average household size: 2.2
Socio-economic profile (ABS SEIFA 2021)
- IRSAD (relative advantage/disadvantage): score 968 · 40th percentile in Australia
- IEO (education & occupation): score 999 · 60th percentile
Higher score = relatively more advantaged. This is a socio-economic index, not a measure of school or teaching quality. Source: ABS SEIFA 2021 (CC BY).
Schools in Waratah
- Callaghan College Waratah Campus · Secondary School
- Waratah Public School · Primary School
- Newcastle Middle School · Schools for Specific Purposes
- Newcastle Senior School · Schools for Specific Purposes
Schools located within the suburb boundary. For catchments and results, see the official My School / NSW sources.
Transport
Nearest station: Waratah Station (train), about 0.8 km from the suburb centre.
Frequently asked questions
What is the median house price in Waratah?
The median sale price in Waratah NSW 2298 is $957,500, up 166% since 2012. Based on NSW Valuer General sales data.
What is the average weekly rent in Waratah?
The median weekly rent in Waratah (postcode 2298) is $580 per week. Source: NSW DCJ rental bonds.
What is the rental yield in Waratah?
The estimated gross rental yield in Waratah is about 3.1%, based on the median weekly rent relative to the median sale price.
What schools are in Waratah?
Schools located in Waratah include Callaghan College Waratah Campus, Waratah Public School, Newcastle Middle School, Newcastle Senior School.
Nearby suburbs
- Broadmeadow 2292
- Georgetown 2298
- Mayfield West 2304
- Lambton 2299
- Waratah West 2298
- North Lambton 2299
- New Lambton 2305
- Warabrook 2304
Explore house prices & rent in suburbs near Waratah. Browse all NSW suburbs →
Prices, rents, school zones, land values and zoning across NSW.
Data: NSW Valuer General (sales & land value), NSW DCJ (rents), ABS Census & SEIFA 2021, TfNSW (transport). Figures are medians and estimates for general information only, not valuations or advice.