Waratah, NSW 2298
Newcastle City CouncilAll suburbs in postcode 2298
Updated
Median house price
$930,000
+2.4% over the past year.
Median of 57 house sales · NSW Valuer General · calendar 2025
Selling in Waratah?
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Waratah at a glance
- Median unit
- $300,240
- Weekly rent
- $720
- Houses · units $500
- Population
- 4,927
- Median age 41
Prices: Median of 57 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2298), June 2026 · Population: 2021 Census
House prices in Waratah
Houses change hands at $930,000 on a typical sale, below the NSW median (57 house sales, NSW Valuer General, calendar 2025). Units come in around $300,240, roughly 68% below the house median. The 12-month picture is essentially flat performance (+2.4%), so buyers and sellers are negotiating on roughly the same number.
For buyers
A 20% deposit on the median house works out to roughly $186,000. Prices are below the NSW median, which keeps Waratah on the radar for first-home buyers and right-sizers.
Rental data as of June 2026· NSW rental bond data (postcode 2298)
Free appraisal in Waratah
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What to know about Waratah
Waratah (2298) sits in the Newcastle region of NSW. The median house here is $930,000, below the NSW median of around $1.10M. Prices have moved +2.4% over the past year, in line with the NSW average (3%).
Waratah has roughly 4,927 residents, with a typical family-age mix. Households are a roughly even mix of owners and renters. Day-to-day life here is very walkable, with most errands manageable on foot.
What it’s like to live here
Waratah scores 74/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 29°C (warm), winter mornings around 8°C (cool). Annual rainfall lands at about 1,098 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 6 government primary, 2 government secondary, 6 Catholic, 4 independent.
Schools in Waratah
Location
Walkability
- Walk
- 74/100
- Transit
- 0/100
- Bike
- 100/100
Very walkable. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Waratah's population at 4,927, with a median age of 41. That sits as a typical family-age mix. Households are a roughly even mix of owners and renters (49% own, 46% rent), which shapes everything from school catchment stability to how often properties turn over. Lone-person households are notable here (36%), often a marker of unit-heavy stock and walkable infrastructure.
- Family households
- 56%
- Lone person
- 36%
- Owner occupied
- 49%
- Renter occupied
- 46%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 4.03% (median rent $720/wk against a $930,000 price tag). Units yield 8.66% gross, often the better cash-flow play for first-time investors. With 46% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 4.03%
- On the $930,000 median
- Gross yield, unitsSource: NSW Valuer General (PSI) · Sept 2026
- 8.66%
- On the $300,240 median
- 12-month change, housesSource: NSW Valuer General (PSI) · Sept 2026
- +2.4%
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
749 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of January 2026
Weather year-round
- Annual rainfall
- 1,098 mm
- Hottest month, avg max
- 28.5°C
- Coldest month, avg min
- 7.6°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Waratah
- What is the median house price in Waratah?
- The median house price in Waratah, NSW 2298 is $930,000 (median of 57 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $300,240. Annual growth is +2.4%.
- How much is my house worth in Waratah?
- A useful starting point is the Waratah median house price of $930,000 (units $300,240). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Waratah a good investment?
- On the published figures, the gross rental yield on houses in Waratah is 4.0%: the median weekly house rent is $720 (NSW rental bond data (postcode 2298), June 2026) against the median house price of $930,000 (NSW Valuer General, calendar 2025). The median house price rose 2.4% over 12 months on the same NSW Valuer General figures. Whether Waratah is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Waratah postcode?
- Waratah is in the 2298 postcode, in NSW, in the Newcastle City Council region.
- Where is Waratah?
- Waratah is a suburb in the Newcastle City Council area, NSW 2298.
- What is the average rent in Waratah?
- The median weekly rent for houses is $720, for units it's $500.
- What schools are in Waratah?
- There are 20 schools serving Waratah on this page, including St Philip's Christian College Young Parents, St Philip's Christian College Dynamic Learning, Waratah Public School.
- How walkable is Waratah?
- Waratah has a Walk Score of 74 out of 100, very walkable. transit score 0, bike score 100.
- What suburbs are near Waratah?
- Waratah is close to Georgetown, Waratah West, Mayfield, Hamilton North, Mayfield West.
- What is the population of Waratah?
- The population of Waratah is approximately 4,927 (2021 Census). The median age is 41.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.