Waratah is a quiet locality in Tasmania within the Waratah-Wynyard local government area (postcode 7321). With a population of 249, the suburb has an older demographic with a median age of 55. Households earn a median income of $37K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, clerical & administrative, labourers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Waratah is $550,000, having increased 4.7% over the past year. Units have a median price of $700,000. The median weekly rent is $245 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $547.
Public transport access includes 1 bus stop.
From an investment perspective, Waratah offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($550K/$750K). The price-to-income ratio of 14.7x is considered stretched. House prices have moved +4.7% year-on-year.
Waratah is a quiet locality in Tasmania within the Waratah-Wynyard local government area (postcode 7321). With a population of 249, the suburb has an older demographic with a median age of 55. Households earn a median income of $37K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, clerical & administrative, labourers. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Waratah is $550,000, having increased 4.7% over the past year. Units have a median price of $700,000. The median weekly rent is $245 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $547.
Public transport access includes 1 bus stop.
From an investment perspective, Waratah offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($550K/$750K). The price-to-income ratio of 14.7x is considered stretched. House prices have moved +4.7% year-on-year.