Question 1

Is Silverwater a nice place to live?

Accepted Answer

Silverwater is a small lakeside suburb with a relaxed, water-oriented character. Residential streets lead down to foreshore reserves and informal boat access, and housing is largely single-storey brick and weatherboard with some holiday houses taking advantage of lake views. It appeals to long-term locals, retirees and people who enjoy boating and quiet weekend escapes. Swansea's shops, cafes and the coast are close by for everyday needs, and local buses and roads connect Silverwater with surrounding towns.

The community is very small, with 274 people and a median age of 51, and homes are mostly owner-occupied (76.1%), so the area feels settled and residential. Council planning for the Morisset region, via a draft Morisset Place Strategy, names transport improvements, a proposed civic hub and planning for a future health facility as priorities, and nearby developments include the Trinity Point mixed-use marina and resort proposal. The parks strategy also notes limited walkable access to parks.

Question 2

Is it expensive to live in Silverwater?

Accepted Answer

A house renting for $595 a week in Silverwater would use about 42.9% of the median household's weekly income as recorded at the most recent Census. On these figures, rent would take a large share of a typical local household's weekly income. If you're renting rather than buying, that rent share is the figure that matters; whether it feels expensive depends on your own income and circumstances.

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 Silverwater a good place to invest?

Accepted Answer

House rents in Silverwater rose 2.6% over the past 12 months, a modest increase. If rental income is your main priority, that movement is the figure that matters when you’re weighing Silverwater up as an investment; whether it suits your goals depends on your individual 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	N/A	N/A
Sold Past 3 months	N/A	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	$595	N/A
Change in rent Past 12 months	2.6%	N/A

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