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Watermans Bay, WA 6020
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,720,000
market range $2.6M-$3.1M
Median Unit
$1,295,000
market range $650K-$1.3M
Gross Yield (houses)
1.9%
1yr Growth (houses)
+13.4%
market range +10.0% to +27.5%
Investment snapshot for Watermans Bay
Watermans Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Watermans Bay market and investor summary
Watermans Bay (WA 6020) runs a median house price of $2.7M, with houses yielding a gross 1.9%. House prices have moved +13.4% over the past year and +87.2% over three years. At 0.9% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.9% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking. Apartment stock is taking longer than usual to clear, a sign of softer demand at the unit end of the market.
Living in Watermans Bay: people, income and schools
About 1,369 people live in Watermans Bay, and the area has been growing steadily, up about 7% over five years. The median age is 49, skewed a little older, and 77% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $114,000 a year, or roughly $2,190 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 23.9 times local household income, so affordability is a genuine constraint on local buyers.
There are 33 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 15 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 62 for walkability and 12 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,369
- +7% over 5yr
- Median age
- 49 years
- Median household income
- $114,000/yr
- Households renting
- 19%
- Family households
- 74%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 33
- avg ICSEA 1106
- Unemployment
- 1.2%
- Distance to CBD
- 15 km
- Walk score
- 62/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Watermans Bay
View all →Frequently asked questions about Watermans Bay
What should I check before investing in Watermans Bay?
Watermans Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +13.4% in the past year shows strong recent price momentum. 3-year capital growth of +87.2% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Watermans Bay?
The median property price in Watermans Bay, WA 6020 is $2.7M for houses and $1.3M for units.
What rental yield does Watermans Bay show?
The gross rental yield in Watermans Bay is 1.9% for houses and 2.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Watermans Bay?
House prices in Watermans Bay are up 13.4% over the past year and up 87.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Watermans Bay?
The current vacancy rate in Watermans Bay is 0.9%. 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.
How many people live in Watermans Bay?
Watermans Bay has a population of approximately 1,369 residents, with a median age of 49.
What schools are near Watermans Bay?
There are 33 schools within roughly 5km of Watermans Bay. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Watermans Bay affordable to buy in?
A median house in Watermans Bay costs about 23.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Watermans Bay's population growing?
The population of Watermans Bay has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Watermans Bay from the CBD?
Watermans Bay is about 15 km from the CBD.
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