Question 1

Is Waitara a nice place to live?

Accepted Answer

Waitara sits on the upper North Shore in Hornsby Shire, mixing quiet residential streets with pockets of light industry and commercial activity along the Pacific Highway. It attracts families and commuters who appreciate leafy streets and a blend of older freestanding weatherboard and brick cottages alongside more recent low-rise apartments and townhouses. The suburb is home to 7,837 people, with a median age of 36 and a median household income of $2,106 a week, and families are the dominant household type.

Day-to-day life centres on Waitara railway station and handy road links that make access to the larger Hornsby shopping centre straightforward, while nearby bushland, parks and walking tracks add local green space. The station has had accessibility upgrades, the nearby hospital redevelopment has progressed with new facilities, and council work on the Waitara Park Precinct and local playspaces is under way. Whether Waitara suits you will depend on how much you value that mix of transport, parks and a family-weighted community.

Question 2

Is it expensive to live in Waitara?

Accepted Answer

The median unit price in Waitara is $825,000, which is about 7.5 times a typical local household's annual income at the last Census, so buying a unit sits well above what households there earned at that Census. Renting also takes a sizeable share of local income: a house rent of $800 a week is about 38.0% of a typical local household's weekly income at the last Census, and a unit rent of $720 a week is about 34.2%. If you are renting rather than buying, the rent share is the number that matters; if you are looking to buy, the price multiple against annual income is the relevant measure.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Waitara a good place to invest?

Accepted Answer

The picture for Waitara over the last 12 months is mixed. House values fell 9.8% over the year, a solid decline, and house rents declined 2.4%, a modest fall. By contrast, unit values rose 6.8% and unit rents climbed 5.9%, both solid gains for the year.

For someone weighing Waitara as an investment, the value figures indicate how capital has moved while the rent figures show how rental income changed: houses have lost value and seen slightly lower rents this year, whereas units have recorded both capital growth and higher rents. Whether that balance fits your goals depends on what you want from an investment.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	$825K
Change in value Past 12 months	-9.8%	6.8%
Sold Past 3 months	1	43
Median days on market Past 12 months	N/A	25
Average rent Past 12 months	$800	$720
Change in rent Past 12 months	-2.4%	5.9%

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