Warabrook is a small community in New South Wales within the Newcastle local government area (postcode 2304). With a population of 1,982, the suburb has a mature demographic with a median age of 45. Households earn a median income of $85K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Warabrook is $980,000, having declined 3.9% over the past year. Units have a median price of $220,000 (-60.4% YoY). The current median weekly rent is $455. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,790.
Public transport access includes 14 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Warabrook offers a gross rental yield of 2.4%, rated as low yield. Property prices sit below the state median ($980K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved -3.9% year-on-year.
Warabrook is a small community in New South Wales within the Newcastle local government area (postcode 2304). With a population of 1,982, the suburb has a mature demographic with a median age of 45. Households earn a median income of $85K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Warabrook is $980,000, having declined 3.9% over the past year. Units have a median price of $220,000 (-60.4% YoY). The current median weekly rent is $455. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,790.
Public transport access includes 14 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Warabrook offers a gross rental yield of 2.4%, rated as low yield. Property prices sit below the state median ($980K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 11.5x is considered stretched. House prices have moved -3.9% year-on-year.