Waratah West, NSW 2298
Newcastle City CouncilAll suburbs in postcode 2298
Updated
Median house price
$900,000
+12.5% over the past year.
Median of 49 house sales · NSW Valuer General · calendar 2025
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Waratah West at a glance
- Median unit
- $300,240
- Weekly rent
- $720
- Houses · units $500
- Population
- 3,142
- Median age 31
Prices: Median of 49 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2298), June 2026 · Population: 2021 Census
House prices in Waratah West
Houses change hands at $900,000 on a typical sale, below the NSW median (49 house sales, NSW Valuer General, calendar 2025). Units come in around $300,240, roughly 67% below the house median. The last 12 months delivered strong growth (+12.5%), well clear of the long-run average for the state.
For sellers
Twelve-month growth is +12.5%, supporting confident pricing at the upper end of recent comparables.
For buyers
A 20% deposit on the median house works out to roughly $180,000. Prices are below the NSW median, which keeps Waratah West on the radar for first-home buyers and right-sizers.
Rental data as of June 2026· NSW rental bond data (postcode 2298)
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What to know about Waratah West
Waratah West (2298) sits in the Newcastle region of NSW. The median house here is $900,000, below the NSW median of around $1.10M. Prices have moved +12.5% over the past year, well clear of the NSW average (3%).
Waratah West has roughly 3,142 residents, with a young-family demographic. Households are a roughly even mix of owners and renters. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Waratah West scores 4/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
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, 3 government secondary, 4 Catholic, 5 independent.
Schools in Waratah West
Location
Walkability
- Walk
- 4/100
- Transit
- 0/100
- Bike
- 100/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Waratah West's population at 3,142, with a median age of 31. That sits as a young-family demographic. Households are a roughly even mix of owners and renters (53% own, 44% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix is balanced (58% family, 28% lone person).
- Family households
- 58%
- Lone person
- 28%
- Owner occupied
- 53%
- Renter occupied
- 44%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 4.16% (median rent $720/wk against a $900,000 price tag). Units yield 8.66% gross, often the better cash-flow play for first-time investors. With 44% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs. The 12-month growth of +12.5% adds a capital-growth case on top of the yield.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 4.16%
- On the $900,000 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
- +12.5%
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
123 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 West
- What is the median house price in Waratah West?
- The median house price in Waratah West, NSW 2298 is $900,000 (median of 49 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $300,240. Annual growth is +12.5%.
- How much is my house worth in Waratah West?
- A useful starting point is the Waratah West median house price of $900,000 (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 West a good investment?
- On the published figures, the gross rental yield on houses in Waratah West is 4.2%: the median weekly house rent is $720 (NSW rental bond data (postcode 2298), June 2026) against the median house price of $900,000 (NSW Valuer General, calendar 2025). The median house price rose 12.5% over 12 months on the same NSW Valuer General figures. Whether Waratah West 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 West postcode?
- Waratah West is in the 2298 postcode, in NSW, in the Newcastle City Council region.
- Where is Waratah West?
- Waratah West is a suburb in the Newcastle City Council area, NSW 2298.
- What is the average rent in Waratah West?
- The median weekly rent for houses is $720, for units it's $500.
- What schools are in Waratah West?
- There are 20 schools serving Waratah West on this page, including Waratah West Public School, Corpus Christi Primary School, St Philip's Christian College - Waratah.
- How walkable is Waratah West?
- Waratah West has a Walk Score of 4 out of 100, highly car-dependent. transit score 0, bike score 100.
- What suburbs are near Waratah West?
- Waratah West is close to Waratah, North Lambton, Callaghan, Lambton, Mayfield West.
- What is the population of Waratah West?
- The population of Waratah West is approximately 3,142 (2021 Census). The median age is 31.
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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.