Waratah Bay

Waratah Bay has a total population of 48 residents, with a significant proportion aged between 45 to 64 years. The suburb also has a notable number of residents aged 65 years or over. The median mortgage repayment is moderate, while the median rent is relatively high compared to the median household income. The most common occupations are Managers, followed by Professionals and Technicians/Tradeworkers. A considerable portion of residents commute by motor vehicle, with some also working from home. Waratah Bay presents a unique demographic profile with a focus on older age groups. The high median rent compared to income may indicate potential demand for rental properties, especially for older demographics seeking rental accommodation. Investors could explore opportunities for developing housing options suitable for retirees or aged residents. Waratah Bay is a small suburb with a mature population profile, offering potential investment opportunities in the rental market, particularly catering to the needs of older residents. With a focus on property developments tailored towards retirees and ageing individuals, investors can tap into the demand for suitable housing options in the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022