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Suburb Insights ยท NSW 2298

Waratah West 2298, New South Wales

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Waratah West is a regional centre in New South Wales, Australia, with a population of approximately 3,142, making it a boutique locality. Located approximately 117 km from the Sydney CBD, Waratah West is a regional area in New South Wales. The median household income is $78,936 AUD per year (ABS 2021 Census).

Investment Score

43 / 100 Moderate

Moderate income levels in Waratah West indicate steady rental demand from working households. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Waratah West, New South Wales, Australia.

Key Indicators

Postcode
2298

Official Australia Post postcode for Waratah West. A postcode may cover multiple suburbs.

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Population
3,142

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$390/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$78,936/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
117 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,853/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
79% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Waratah West serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $390/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,853/month. The median household income of $78,936/year reflects a solid demographic, supporting sustainable rental demand. 79% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Waratah West could work well with careful property selection and a longer time horizon.

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Rental Yield

Expect competitive but not exceptional rental returns in Waratah West's current market.

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Renovation / Flip

The resale market in Waratah West may not support quick-turnaround renovation projects.

Risk Factors

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Full Property Analysis

30-year projections for Waratah West

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Waratah West is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in Waratah West is thinner โ€” flexible lease terms could help secure tenants faster. Investor sentiment toward Waratah West is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Waratah West a good suburb for investment?

Waratah West is a regional area in New South Wales with a population of 3,142. The median rent is $390/week and the median household income is $78,936/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Waratah West?

Key demand drivers in Waratah West include regional employment hubs, lifestyle, and affordability. 79% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Waratah West?

According to the ABS 2021 Census, Waratah West has a population of approximately 3,142. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Waratah West from the Sydney CBD?

Waratah West is approximately 117 km straight-line distance from the Sydney CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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