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Waterford suburb profile

Waterford is a picturesque suburb located in Perth, Western Australia, nestled along the banks of the Canning River. Known for its tranquil environment and natural beauty, Waterford offers residents a peaceful lifestyle with easy access to outdoor activities. The suburb is home to the scenic Curtin University campus, providing a vibrant academic atmosphere. Waterford Plaza serves as a local shopping and dining hub, catering to the community's needs. With its blend of modern homes and lush green spaces, Waterford is an appealing choice for families, students, and professionals seeking a serene yet connected living experience.

Waterford property market performance

Property growth+0.5%Past 12 months

Waterford’s property market has shown modest growth over the past 12 months, with house values increasing by 2.7%. However, the median house price remains at $0, indicating limited data or market activity. No units were sold, and their median value change is stagnant at 0%. Only two houses were sold in the past year, with a median time on market of 28 days, suggesting a quick turnover for the few available properties.

The rental market for houses in Waterford has seen a notable increase, with average rent rising by 8% to $950 over the last 12 months. In contrast, the unit rental market remains inactive, with no change in rent prices, reflecting a lack of available units or demand in this segment.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
5.6%-4.5%
Sold
Past 3 months
21
Median days on market
Past 12 months
30N/A
Average rent
Past 12 months
$925N/A
Change in rent
Past 12 months
5.1%N/A

5 year median price trend for houses and units

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Waterford demographics

Waterford, located in the southern suburbs of Perth, is a serene and family-friendly area known for its picturesque surroundings and close-knit community. With a population of 2,460, Waterford offers a peaceful lifestyle while still being conveniently close to the city. The median age of 41 suggests a mature community, with many residents enjoying the balance of suburban tranquility and urban accessibility.

The suburb is characterized by a strong family presence, with 45.6% of households being couple families with children, and 41% being couple families without children. This indicates a stable and family-oriented environment, ideal for those looking to raise children in a supportive community. The presence of one-parent families at 9.9% and other families at 3.5% adds to the diversity of family structures in the area.

Property ownership in Waterford is predominantly outright, with 50.1% of homes owned outright, reflecting a sense of stability and long-term residency. Additionally, 33.9% of properties are owned with a mortgage, while only 16% are rented, highlighting the suburb's appeal to homeowners. The median total household income of $2,301 per week suggests a relatively affluent community, with residents enjoying a comfortable lifestyle supported by the suburb's amenities and natural beauty.

Suburbs near Waterford

Some popular suburbs near Waterford include:

  • Karawara: Known for its proximity to Curtin University and lush green spaces, Karawara is located directly north of Waterford.
  • Manning: Featuring a mix of residential homes and community facilities, Manning is situated to the west of Waterford.
  • Salter Point: Known for its scenic river views and tranquil atmosphere, Salter Point lies to the southwest of Waterford.
  • Shelley: Offering riverside living and a family-friendly environment, Shelley is located to the southeast of Waterford.
  • Wilson: Known for its parks and recreational areas, Wilson is situated to the northeast of Waterford.

How does Waterford compare to nearby suburbs?

  • Median house prices: Waterford’s median house price is 13.7% higher than Manning’s.
  • House price growth: Over the past 12 months, house prices in Waterford have grown 11.6% higher than in Karawara.
  • Unit price growth: Property prices in nearby Wilson have risen 40.2% more than in Waterford over the past year.
  • Selling speed for houses: Properties in nearby Karawara are selling 20.0% faster than in Waterford.
  • House price growth: Over the past 12 months, house prices in Waterford have grown 64.1% higher than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in Waterford have grown 81.3% higher than the average rate of growth for units across Perth.

Choose the right real estate agents in Waterford

In Waterford ,18 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 51.9% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.15% and 3.25%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.

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