Question 1

Is Waterways a nice place to live?

Accepted Answer

Waterways is a delightful suburb that offers a serene and picturesque lifestyle, making it a wonderful place to live for those who appreciate nature and tranquility. Known for its unique design centered around man-made lakes and wetlands, Waterways provides a peaceful environment that is perfect for families and nature enthusiasts alike. The suburb's lush parklands and walking trails offer ample opportunities for outdoor activities, allowing residents to enjoy the beauty of their surroundings while staying active and engaged with the natural world.

Despite its tranquil setting, Waterways is conveniently located near major transport links and shopping centers, ensuring that residents have easy access to all necessary amenities. This balance of seclusion and accessibility makes it an attractive option for those who want to enjoy a quiet lifestyle without sacrificing convenience. The suburb's strong community spirit and emphasis on sustainability further enhance its appeal, creating a welcoming and harmonious environment for families to thrive.

However, living in Waterways does come with some trade-offs. While the suburb offers a peaceful and family-friendly atmosphere, it may lack the vibrant nightlife and cultural attractions found in more urban areas. Additionally, the absence of major new infrastructure projects means that residents rely on established amenities and transport links. For families seeking a safe, community-oriented suburb with a focus on nature and modern living, Waterways is an exceptional choice that offers a high quality of life in a beautiful setting.

Question 2

Is it expensive to live in Waterways?

Accepted Answer

Living in Waterways can be quite expensive, especially when considering the housing market. The median house price is currently $1,537,500, which is significantly higher than many other suburbs in Victoria. This price point reflects the desirability of the area, but it also means that purchasing a home here requires a substantial financial commitment.

For those considering renting, the average rent for houses in Waterways is around $900 per week. This rental cost is also on the higher side, indicating that living in Waterways might stretch the budget of many individuals. In comparison, the average wage in Waterways is approximately $105,000 per year, which is slightly above Victoria's average full-time earnings. However, even with a higher-than-average income, the cost of housing in Waterways could consume a large portion of one's earnings.

Overall, while Waterways offers a serene environment and a unique lifestyle, the cost of living, particularly in terms of housing, is quite high. If you are thinking of living in Waterways, it's essential to evaluate your financial situation to ensure it aligns with the expenses associated with this picturesque suburb.

Question 3

Is Waterways a good place to invest?

Accepted Answer

Waterways presents a unique investment opportunity, particularly for those interested in stable, long-term growth. Over the past year, the suburb has seen a 7.0% increase in median house values, indicating a healthy appreciation in property prices. This growth suggests a strong demand for houses in the area, making it an attractive option for investors looking for capital appreciation. While the median unit values have remained stable, this could present an opportunity for investors to enter the market at a more affordable price point, with potential for future growth as the suburb continues to develop.

Rental yields in Waterways have seen modest increases, with house rents rising by 2.3% over the last year. Although unit rents have remained unchanged, the stability in rental prices suggests a consistent demand for rental properties, which can provide a reliable income stream for investors. The suburb's appeal lies in its tranquil environment and proximity to natural reserves, making it a desirable location for families and nature lovers. Overall, Waterways offers a balanced investment opportunity with potential for both capital growth and steady rental income, making it a solid choice for those seeking a stable investment in the real estate market.

	Houses	Units
Median price Past 3 months	$1.55M	N/A
Change in value Past 12 months	5.3%	N/A
Sold Past 3 months	12	N/A
Median days on market Past 12 months	37	N/A
Average rent Past 12 months	$900	N/A
Change in rent Past 12 months	N/A	N/A

Get a property report and suburb profile for any property in Waterways

Waterways suburb profile

Waterways property market performance

5 year median price trend for houses and units

Waterways demographics

Suburbs near Waterways

How does Waterways compare to nearby suburbs?

Choose the right real estate agents in Waterways

Get a head start and compare top local agents in Waterways

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market