Question 1

Is Watermans Bay a nice place to live?

Accepted Answer

Watermans Bay is a small coastal suburb centred on a sheltered beach and rocky foreshore reserve. Streets are quiet and primarily residential, with a mix of mid-century brick and weatherboard houses alongside modern coastal renovations, and many properties take advantage of ocean views. Daily life is shaped by the sea, with swimming, fishing and foreshore walks popular. Local amenities are modest, so residents use nearby shopping and service centres, while the suburb remains a short drive from major employment and retail precincts.

The community numbers 1,369 people, with a median age of 49 and a typical household income of $2,190 a week. Families are dominated by couples, and about four in five homes are owner-occupied. The suburb is part of the City’s coastal adaptation program, identified as a coastal erosion hotspot and with beach nourishment and other coastal protection and amenity works planned, while dune restoration, signage and story-trail work are under way in Star Swamp bushland reserve. Whether Watermans Bay suits you will come down to how much you value relaxed seaside living and proximity to nearby services.

Question 2

Is it expensive to live in Watermans Bay?

Accepted Answer

A house renting for $850 a week in Watermans Bay is about 38.8% of the median household weekly income of $2,190 recorded at the last Census, which would be a sizeable share of that income. A unit at $650 a week is about 29.7% of the same weekly income, a moderate share.

If you're renting rather than buying, those rent shares are the numbers that matter when judging how costly it is to live in Watermans Bay; whether they feel 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 Watermans Bay a good place to invest?

Accepted Answer

House prices in Watermans Bay rose 16.8% over the past 12 months, a strong increase in house capital values. Over the same year, house rents fell 5.6%, a notable decline in rental income. For someone weighing Watermans Bay up as an investment, the figures show capital growth and rental income moved in opposite directions this year; whether that trade-off suits 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	N/A	N/A
Change in value Past 12 months	16.8%	N/A
Sold Past 3 months	5	N/A
Median days on market Past 12 months	14	N/A
Average rent Past 12 months	$850	$650
Change in rent Past 12 months	-5.6%	N/A

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