Waratah at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
$279,000
For sale
Asking
2
Bedrooms
2
Bathrooms
2
Car spaces
774 m²
Land
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$279,000
Asking · $360/m² of land
No recorded sale for this property.
Waratah at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
$13,052 on top of the price (4.7% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Tasmania schedules from 2026-07-01. Ongoing council rates and land tax are not included.
No rent is recorded for this listing. Enter a weekly rent to model yield.
Enter a purchase price and weekly rent to calculate yield.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
TASPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
No advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
0 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Waratah at a glance
No data
Median sale
No data
Median rent
No data
Suburb gross yield
Listing material
Listed by Elders Real Estate BurnieIf you've been waiting for something a little different, this is it! 4 Magnet Court, Waratah delivers a rare dual-income setup with two adjoining units on one title, opening the door to strong returns and serious flexibility. Perfect for investors, dual-family living, or those looking to live in one and rent the other!
Under the one roof, the property comprises two adjoining units, each thoughtfully designed with open-plan living, kitchen, and dining areas that create a functional and low-maintenance layout. Both units are complemented by a reverse cycle air conditioner in the living area, ensuring comfort and efficiency all year round.
Each unit features a well-sized bedroom with built-in wardrobes, keeping things comfortable, practical, and well organised. Both units are serviced by their own bathroom. Whether utilised for rental purposes, shared family living, or a combination of both, the layout offers genuine flexibility.
Externally, both units feature their own fully fenced yard. A double undercover carport provides off-street parking and everyday convenience. Located in the peaceful township of Waratah, the area is known for its quiet lifestyle, strong community feel, and beautiful natural surrounds, making it an appealing and tightly held West Coast location.
A strong investment from day one, the property is currently tenanted fully furnished, providing investors with an immediate combined income of $430 per week ($215 per unit), offering excellent income stability and peace of mind. The furnishings form part of the sale.
Note the advertising images are from when the units were used as short stay, as it is difficult to capture good advertsiing photos with permanent residential tenants in place with the addition of their own belongings. Given this, there may be minor discrepancies between advertising photos and physical condition.
For further information or to arrange an inspection, contact Ellie Walker today. Please be advised that a minimum of 48 hours' notice is required prior to inspections due to legislative requirements.
DISCLAIMER: While Elders Real Estate Burnie has taken every care to verify the accuracy of the details in this advertisement, we cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters
Listing description written by Ellie Walker, Elders Real Estate Burnie — reproduced as published, not verified by Districts.
Nearby development applications are not loaded for this property.
Honest achievable rent
UnknownNo advertised rent and no suburb rent aggregate are loaded. Official bond files are not loaded. Listing rent and suburb aggregates are evidence, not this address’s rent.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.