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Waterford, VIC 3862
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$535,000
Median Unit
$360,000
Gross Yield (houses)
4.9%
1yr Growth
-
Investment snapshot for Waterford
Waterford has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Waterford market and investor summary
In Waterford, VIC 3862, the median house sells for around $535K, on a gross rental yield of 4.9% for houses. At 0.7% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.9% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking.
Living in Waterford: people, income and schools
At a median age of 42, it reads as skewed a little older, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $72,000 a year (about $1,390 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to about 7.4 times local household income, in line with much of metropolitan Australia. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
- Median age
- 42 years
- Median household income
- $72,000/yr
- Households renting
- 12%
- Family households
- 72%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 2.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Waterford
No properties currently listed in Waterford
Search Waterford listings →Frequently asked questions about Waterford
What should I check before investing in Waterford?
Waterford has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.9% gives a usable rent-to-price starting point. Tight rental market (0.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Waterford?
The median property price in Waterford, VIC 3862 is $535K for houses and $360K for units.
What rental yield does Waterford show?
The gross rental yield in Waterford is 4.9% for houses and 4.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Waterford?
The current vacancy rate in Waterford is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
Is Waterford affordable to buy in?
A median house in Waterford costs about 7.4 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Waterford's population growing?
The population of Waterford has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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