Georgetown vs Waratah
Waratah (median $930,000) is roughly 14% cheaper to buy into than Georgetown ($1,078,000). Over the past year, Georgetown (+7.8%) ran 5.4 percentage points ahead of Waratah (+2.4%) on house-price growth.
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Georgetown and Waratah side by side
| Measure | Georgetown | Waratah |
|---|---|---|
| Price and market | ||
| Median house | $1,078,000 | $930,000 |
| Median unit | $300,240 | $300,240 |
| House price change, 12 months | +7.8% | +2.4% |
| Renting | ||
| House rent | $720/wk | $720/wk |
| Unit rent | $500/wk | $500/wk |
| Owner occupied | 68.0% | 49.0% |
| Renter occupied | 30.0% | 46.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1016 | 1011 |
| Lifestyle and people | ||
| Walk score | 100 | 74 |
| Transit score | 0 | 0 |
| Bike score | 100 | 100 |
| Population | 2,072 | 4,927 |
| Median age | 36 | 41 |
| Climate | ||
| Annual rainfall | 1078 mm | 1098 mm |
| Mean max, January | 28.1°C | 28.5°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Georgetown scores higher on walkability (100/100 vs 74/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Georgetown (1016) sits above Waratah (1011). Georgetown skews owner-occupied (68%), Waratah runs more rental-dense (49% owner).
- For buyers
- Waratah is the lower entry point at $930,000 median, 14% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Investors face a yield-versus-growth split: Waratah delivers the better gross yield (4.03% vs 3.47%), but Georgetown has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
- For families
- Georgetown edges out on average school ICSEA (1016 vs 1011). Georgetown also has a higher family-household share (68% vs 56%), so the catchment community skews family-heavy.
Georgetown vs Waratah: common questions
Is Georgetown or Waratah cheaper to buy in?
Waratah has the lower median house price at $930,000, roughly 14% below Georgetown ($1,078,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Georgetown or Waratah?
Over the past 12 months, Georgetown grew +7.8% vs +2.4% in Waratah, a gap of 5.4 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Georgetown or Waratah have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Georgetown scores 1016 vs 1011 in Waratah. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Georgetown or Waratah?
Georgetown scores 100/100 on walkability vs 74/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Georgetown or Waratah?
Gross rental yield on houses is 4.03% in Waratah vs 3.47% in Georgetown. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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