Question 1

Is Warrawee a nice place to live?

Accepted Answer

Warrawee is a quiet, residential pocket on Sydney’s Upper North Shore centred on the small Warrawee railway station. It is known for leafy streets, large federation and interwar homes on generous garden blocks, many with period detailing and some sensitively updated with contemporary additions. The suburb is popular with commuters and professionals because of the North Shore line, while everyday shops, cafes and schools are within easy reach in neighbouring Wahroonga and Turramurra. Its calm, suburban character tends to appeal to families and to people after a green, near-city lifestyle.

Families make up the bulk of households in Warrawee: couple families with children are the largest group at 53.6% (488 families), and together with couple families without children (34.8% or 317 families) they account for 88.4% of all families. One-parent families represent 10.9% and other families 0.8%.

The suburb is home to 3,170 people, with a median age of 42. The typical household reports a median total weekly income of $3,388, which is about $176,200 a year.

Homes in Warrawee are mostly owner-occupied: 41.1% are owned outright and 39.7% are owned with a mortgage, a combined 80.8%, while 19.2% are rented.

Question 2

Is it expensive to live in Warrawee?

Accepted Answer

Renting in Warrawee looks mixed against what local households earned as recorded at the most recent Census. House rents averaged $1,625 a week, about 48.0% of a typical local household's weekly income of $3,388, which is a large share of income. Units averaged $750 a week, roughly 22.1% of that weekly income, a moderate share. For renters, the house rent figure represents a much bigger claim on a typical local household's income than the unit rent does.

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 Warrawee a good place to invest?

Accepted Answer

The past year in Warrawee shows a clear split between houses and units. House values fell sharply, down 14.9%, while house rents rose a solid 8.3%, so on the house side rental income moved in the opposite direction to capital value over the year. Units saw modest movements in both measures: unit values rose 4.0% and unit rents rose 4.2%, moving at a similar, modest pace. Which of those patterns matters to you depends on your own goals and circumstances.

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	N/A
Change in value Past 12 months	-14.9%	4.0%
Sold Past 3 months	8	7
Median days on market Past 12 months	41	43
Average rent Past 12 months	$1625	$750
Change in rent Past 12 months	8.3%	4.2%

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