Question 1

Is Waterford a nice place to live?

Accepted Answer

Waterford is a compact riverside suburb in Perth's southern suburbs, set along the Canning River with foreshore reserves and quiet residential streets. The feel is low-key and leafy, with older single-storey homes alongside newer riverside infill and townhouse pockets. Many properties take advantage of river views or have easy access to walking paths, picnic spots and local parks, and the suburb attracts families, downsizers and professionals while remaining a short drive from larger shopping centres and city services.

About 2,460 people live in Waterford, with a median age of 41 and a typical household income of $2,301 a week (roughly $120,000 a year). Families make up most households and around five in six homes are owned outright or with a mortgage. There is a foreshore masterplan guiding staged upgrades to the river reserves, Waterford Triangle renewal and park upgrades, and an underground power conversion project. Whether that mix suits you depends on what you are after in a suburb.

Question 2

Is it expensive to live in Waterford?

Accepted Answer

For renters in Waterford, a typical house rent of $900 a week would take about 39.1% of the median total household weekly income recorded at the last Census. On these figures, that is a sizeable share of a typical local household's income at the last Census, so renting a house here would use a large portion of that benchmark. Whether that feels expensive will depend 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 Waterford a good place to invest?

Accepted Answer

House values in Waterford climbed 15.9% over the past 12 months, a strong rise in what a house is worth. Over the same period the rent a house earns fell 1.1%, a slight decline, so capital growth has been the stronger performer on the house side this year while rental income moved the other way.

Which of those matters most depends on your goals. If capital growth is your priority the price movement is the key figure; if rental income is your focus the small fall in house rents is the number to consider. Whether that balance suits you will depend on your own circumstances and objectives.

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	15.9%	N/A
Sold Past 3 months	N/A	1
Median days on market Past 12 months	21	N/A
Average rent Past 12 months	$900	N/A
Change in rent Past 12 months	-1.1%	N/A

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