Get a property report and suburb profile for any property in Waterford West

Waterford West is an established Logan City suburb south of Brisbane beside the Logan River and a network of parks and waterways that shape local recreation. Streets are mainly modest, single-storey brick homes on mature blocks, with pockets of newer townhouses and small infill developments. It appeals to families and practical buyers who value quiet, neighbourhood living and ready access to nearby shops, schools and sporting fields. Community facilities and riverside green space make outdoor activity straightforward, and public buses together with nearby Beenleigh line stations and arterial roads connect residents to the wider Logan and Brisbane area.

The suburb is home to 6,942 people with a median age of 36, and homes are more often owner-occupied than rented (about 57.9% owner-occupation). A major new open space, the Waterford West District Park, is in delivery and is described as including constructed wetlands, a playground and waterplay area, walking facilities and other community amenities. There has also been a state allocation to construct a new building at Waterford West State School, and regional projects such as the Logan Hospital expansion and a council road alignment investigation are relevant to the area. Whether that suits you comes down to what you want from a suburb.

Buying a house in Waterford West sits well above what local households earned at the last Census. The median house price of $857,000 is about 13.9 times a typical local household's annual income at the last Census (weekly household income $1,184 × 52 = $61,568). Renting also takes a large share of income: a house rent of $570 a week would use about 48.1% of a typical local household's weekly income at the last Census, and a unit rent of $475 a week would use about 40.1%. On these figures, renting consumes a large share of local household income while buying sits well above it; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Unit values in Waterford West jumped 40.0% over the past 12 months, the most striking movement in the numbers. House values also climbed, up 15.0%. On the rental side, house rents rose 9.6% and unit rents increased 5.6%.

Put simply, capital growth this year was strongest on the unit side, while rental income increased more for houses than for units. Which of those matters most to you will depend 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.