Waratah (postcode 7321) is a quiet locality in Tasmania within the Waratah-Wynyard local government area. With a population of 249, the suburb has a more retirement-aged population with a median age of 55. Households earn a median income of $37K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% year-on-year at the LGA level. TAS employment has moved -1.7% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. TAS also had 17 Commonwealth-backed major projects under construction, 2 underway, and 16 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, clerical & administrative, labourers. Employment in the area leans toward retail trade and accommodation & food. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Waratah is $550,000, having moved higher by 4.7% over the past year. Units have a median price of $700,000. The median weekly rent is $245 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $547.
Public transport access includes 1 bus stop.
From an investment perspective, Gross rental yield sits at around 2.3% (low yield). Property prices are near the state median ($550K/$740K). The price-to-income ratio of 14.7x is considered stretched. House prices have moved +4.7% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.