Waratah could be thought of as the Redfern of Newcastle. Only 13 minutes from the centre of the city and well served by local shops, cafes, a hospital and close to the university.
Dwelling types are dominated by houses in Waratah with a variety of older & newer semi-detached dwellings and Units. 80% of dwellings in the area are houses. 4% semi-detached 1% are Units, only 8% is other/commercial. Age mix for the area is 0 to 29 yo 47%, 30 to 49 yo is 22%, 50 & above is 31%.
According to Residex, Waratah experienced market growth of around 30.2% from March 2015 to February 2020. Homebuyers like Waratah for its central location to all amenities. Investors like it for its consistent growth and its future potential.
Newcastle provides a wide variety of options for home buyers and investors. If you’re looking for a place that’s easy to make things work for everyday activities (stress free)- work, leisure, after school activities, clean beaches, nice daycares that are easily accessible, and still free parking around some of the best beaches in NSW or Australia and into discovering all the new cafe’s dotted in almost every suburb ( Adamstown, Broadmeadow, Merewether, Junction, Barbeach/ Cookshill) then Newcastle or “Newy” is the city for you.
The area is also well served for amenities: there are a wide range of cafés and restaurants on Beaumont and Darby streets but if you want something by the water try Honeysuckle. For shopping only 12 minutes from the city is Westfield Kotara which is also served with its own train station. The local “Civic Theatre” attracts all kinds of touring acts and shows like National Comedian Jimoin. Waratah is serviced by its own hospital (the Mater) and its own shopping village to (Kmart, Coles and other cafe’s and local shops)
King Edward Park is a large park overlooking the city and Pacific Ocean. Take a walk from Honeysuckle along the foreshore all the way along the break wall past the Nobby’s Lighthouse. Newcastle also has its own state reserve named “Blackbutt Reserve” after the trees that grow there.
Newcastle boasts some of the most well serviced schools in the state with also many private and Catholic options. The Junction Primary is locally renowned for its terrific culture and Newcastle Grammar has quiet prestigious reputation. Newcastle also boasts two selective state schools with The Hunter School of Performing Arts having produced some high-quality professional talent and Merewether High being Newcastle’s equivalent of James Ruse. Waratah High is a part of the Callaghan network of colleges.
Price growth in recent years has been big in Waratah with prices increasing 30.2% in the five years to now for houses and 28.7% for units. Residex notes that .57% of properties in the suburb are currently on the market with an average time of 16 days on the market.
Residex notes the median house price now sits at around $613,000 for houses. The median unit price is $458,500 in Waratah.
Kevin Mason is our local expert Buyers' Agent in the area. With exceptional local knowledge, Kevin is the best buyers' advocate to have on your side searching for a property in Waratah, please call us on 1300 655 615, email us, or send us your buyers wishlist today by clicking here. If you would like to know the latest median values and statistics for Waratah, call us today on 1300 655 615.
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