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Waitara, NSW 2077

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Waitara, NSW 2077 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Waitara, NSW 2077”

  1. The total adult population (15 years or older) of Waitara 2077 NSW is 6,169, with a median age of 36. Of those, 60.12% are married, 10.02% are divorced or separated, 25.32% are single and 4.68% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,608. The median monthly mortgage repayment for households in this suburb is $2,200 which is 22.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in NSW, the suburb of WAITARA 2077 constitutes an estimated 3759 households. As of the third quarter of 2023, houses in WAITARA 2077 command an average price of approximately $1,941,941. With a median weekly rent of $802, this results in an indicative yield of 2.15%.

    The socio-economic desirability of the area is reflected by an IRSAD score of 1084 out of 1217, indicating that residents tend to have good access to economic resources and are likely to work in skilled professions. The renter to owner ratio, however, stands at 50%, suggesting a balanced mix of owner-occupiers and rentals in the suburb’s property market.

    The housing market in WAITARA 2077 witnesses a high prevalence of units, which makes up 93% of the housing mix and has its implications for property investors. This high units to houses ratio may lead to steep competition amongst landlords vying for tenants, with the potential for rental yields to be suppressed. In contrast, markets with a lower units to houses ratio typically attract longer tenancies, favoured by families, and hence are more likely to uphold robust rental yields.

    The affordability index of the suburb reveals an estimated duration of 79 years to fully own a house here, reflecting the substantial barriers to property ownership due to high property prices vis-à-vis local median family incomes.

    From a supply perspective, the stock on market Percentage for houses is 0.66% and the inventory level stands at 1.33 months, indicating a neutral market supply climate. Furthermore, the building approvals Ratio for houses comes in at 3.31%, suggesting an increased pipeline of new dwelling stock entering the market in the future.

    In terms of market demand, houses remain on the market for an average of 20 days before being sold, indicating a relatively high demand in the suburb. Moreover, a vacancy rate (combined houses and units) of 1.86% is evident, reflecting a balanced market. However, the buy search index for houses of 3 points to limited property demand.

    As an investor, it’s critical to weigh the unique blend of supply and demand factors in WAITARA 2077. Despite some apprehensions, including a high units to houses ratio and an extended affordability index timeframe, the suburb’s strong socio-economic profile coupled with favourable demand indicators can present some potential for those seeking to tap into the local property market dynamics.

    As always, continue monitoring the evolving property market data and trends locally. Knowledge is key to making informed property investment decisions. Keep a look out for the RCS (Relative Composite Score) developed by HtAG Analytics, which offers evidence-based insights by considering over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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