Question 1

Is Sylvania Waters a nice place to live?

Accepted Answer

Sylvania Waters is a distinct canal-side suburb built around man-made waterways off the Georges River. Its character comes from waterfront blocks with private jetties, roomy detached houses and tree-lined streets, and the area is weighted towards families — couple families with children make up 52.3% of all families and, together with couple families without children (34.3%), account for 86.6% of families. The suburb is home to about 3,200 people with a median age of 43, and most homes are owner-occupied: 44.0% owned outright and 40.5% owned with a mortgage. Median total household income is $2,371 a week, roughly $123,300 a year.

Everyday shopping and schools are close by in nearby Sylvania, and local buses and road links connect the suburb to the wider shire and the city. Council has a master plan for the Sylvania Waters-Taren Point Recreation Precinct covering local reserves and parks, has run community consultation and says a draft concept will be released for further feedback. Procurement for a dredging project has been completed and council lists ongoing waterways protection, dredging and sport and leisure precinct planning for the area. Whether it suits you comes down to whether a canal-side, established suburb with boating and river recreation nearby fits what you want.

Question 2

Is it expensive to live in Sylvania Waters?

Accepted Answer

Housing in Sylvania Waters sits high against local incomes recorded at the last Census. At $2,340,000 the median house price is about 19.0 times a typical local household's annual income at the last Census. Renting looks different: a house rent of $1,200 a week would take about 50.6% of a typical local household's weekly income of $2,371 at the last Census, a large share, while a unit rent of $725 a week would take about 30.6% of that weekly income, a sizeable share. If you're renting rather than buying, those rent shares are the numbers that matter for comparing costs to local incomes.

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 Sylvania Waters a good place to invest?

Accepted Answer

House values in Sylvania Waters fell sharply over the past 12 months, down 23.3%, and house rents also fell substantially, down 14.3%. Taken together, the house side of the market saw a marked decline in both the price a house could fetch and the rent it earns over the year.

Unit rents moved differently, rising 3.6% over the same period, a modest increase. If rental income is your main concern, the difference between house and unit rent performance is the figure that will matter most to you; if capital value is your priority, the 23.3% fall in house values is the key number to note. Whether this pattern makes Sylvania Waters right for 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	$2.34M	N/A
Change in value Past 12 months	-23.3%	N/A
Sold Past 3 months	13	4
Median days on market Past 12 months	37	N/A
Average rent Past 12 months	$1200	$725
Change in rent Past 12 months	-14.3%	3.6%

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