Median price trend for houses
Based on 36 sales in the preceding 12 months
$1,670,000
Up 8.4% over 12 months
- 3 bed
- $980k
- 4 bed
- $1.5m
- 5+ bed
- $1.82m
Aerial view
Imagery © Esri
The quick read on
Waterways
VIC 3195 · Kingston (Vic.)
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $1,670,000
- Median unit
- $846,000
- Population
- 2,422
- Postcode
- 3195
latest suburb median
latest suburb median
ABS 2021
Waterways, Victoria
Property market insights for Waterways
Median sale price and rental income of properties in Waterways VIC
Median rent trend for houses
Based on 12 rental listings in the preceding 12 months
$900 per week
Up 5.9% over 12 months
Market data updated October 2026.
The median house price in Waterways, VIC is currently $1,670,000, based on the latest 12 months of sales. Waterways has a 12-month growth rate of 8.4% for houses and -1.0% for units.
Three-bedroom houses have a median sale price of $980,000, Four-bedroom houses have a median sale price of $1,500,000, Larger houses have a median sale price of $1,820,000 in Waterways.
If you're looking to lease, the median rent for houses in Waterways is $900 per week. The median house rent has increased 5.9% over the last 12 months.
The median price of apartments and units for sale in Waterways is $846,000, which has decreased 1.0% since the same time last year. Three-bedroom apartments and units have a median sale price of $846,000 in Waterways. The median rent for units and apartments in Waterways is $940 per week.
Crime and safety
Is Waterways safe?
The overall rate for Waterways is 1,785 offences per 100,000 residents — 55% below the Greater Melbourne benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Waterways.
Overall crime rate
1,785
offences per 100,000 residents
55% belowGreater Melbourne
WaterwaysGreater Melbourne: 4,001
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Waterways?
Waterways VIC 3195 is in Victoria, within Greater Melbourne.
2,422 people call Waterways home, with an average of 3.3 people per household and a median household income of $3,013 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 2,422
- Median age
- 41 years
- Median mortgage
- $2,500 / month
- 2021 household rent
- $623 / week
Above the benchmarkBelow the benchmarkIn lineGreater Melbourne benchmark
Age profile
Share of residents in each age band.
Under 1519.4%Above
15–3424.2%Below
35–5433.2%Above
55–7419.9%Above
75 and over3.1%Below
Homes
Share of occupied private dwellings.
Separate houses87.5%Above
Townhouses12.1%Below
Apartments0.0%Below
Ownership
Share of homes with a stated ownership or rental status.
Owned outright30.1%Below
Paying a mortgage58.8%Above
Renting11.1%Below
Cars at home
Vehicles available to occupied households.
No car0.8%Below
One car15.6%Below
Two cars48.6%Above
Three or more35.4%Above
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home30.1%Above
Drove to work51.4%Above
Train, tram or bus1.6%Below
Walked or cycled0.4%Below
What stands out in Waterways
30.1% of workers in Waterways worked from home on Census day.
6.4% of Waterways residents were born in China, about twice the rate across Greater Melbourne.
32.3% of people in Waterways described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Waterways
Open any question for a plain-English reading of the public 2021 Census for Waterways VIC 3195.
Is Waterways family-friendly?Age, family structure and household size describe the community families would be joining.
19.4% of Waterways's residents were children under 15 in the 2021 Census. That is close to the Greater Melbourne average.
686 family households lived in Waterways; 64.3% were couple families and 10.2% were one-parent families.
40.4% of local families included children under 15. That is close to the Greater Melbourne average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Waterways?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Waterways had 2,422 residents at the 2021 Census.
20.2% of residents were aged 25 to 44.
23.0% were 55 or older. That is somewhat below the Greater Melbourne average.
Age shares use the suburb’s total Census population.
What kind of homes are in Waterways?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 87.5% of occupied private dwellings in Waterways.
Townhouses and other attached homes represented 12.1% of occupied private dwellings.
Flats and apartments accounted for 0.0% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Waterways?Tenure shows how many households own outright, have a mortgage or rent.
30.1% of households with a stated tenure owned their home outright. That is close to the Greater Melbourne average.
58.8% were buying their home with a mortgage.
11.1% rented their home. That is about half the Greater Melbourne rate.
Tenure shares include households that stated one of these three arrangements.
How large are households in Waterways?Household-size data shows the mix behind the suburb-wide average.
The average household in Waterways had 3.3 people.
One-person households made up 6.5% of occupied homes. That is about half the Greater Melbourne rate.
Two-person households represented 24.3%, while 48.9% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Waterways?Census-day travel shows the balance between home, road, public transport and active travel.
30.1% of workers worked from home on Census day. That is close to the Greater Melbourne average.
51.4% drove a car as their only travel method. That is somewhat above the Greater Melbourne average.
1.6% used only a train, tram or bus, while 0.4% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Waterways?Vehicle availability helps describe the routines local households can support.
0.8% of occupied households had no motor vehicle available. That is about half the Greater Melbourne rate.
One-car households formed 15.6% of the total.
84.0% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Waterways, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
76.1% were at the same address five years earlier, while 23.9% reported a different address.
43.9% of residents were born outside Australia. That is well above the Greater Melbourne average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Waterways?Language at home gives a direct view of the community’s everyday linguistic mix.
53.7% of residents used only English at home.
44.4% used a language other than English at home.
9.0% spoke Mandarin at home, 2.6% spoke Cantonese and 2.0% spoke Hindi.
Home language is separate from English proficiency.
Where were Waterways residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
43.9% of Waterways's population was born outside Australia, while roughly 56.1% was born in Australia.
6.4% of residents were born in China.
5.6% were born in India, while Australian citizenship across the whole suburb stood at 89.0%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Waterways?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 19.8% of ancestry responses in Waterways.
Australian ancestry made up 17.4% of responses.
Chinese ancestry represented 18.0% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Waterways?Occupation describes a person’s role; industry describes the sector employing them.
27.0% of employed residents worked in professional occupations. That is almost exactly typical for Greater Melbourne.
Managers accounted for 20.8% of employed residents, while clerical and administrative workers made up 13.1%.
Health care and social assistance employed 13.4% of workers, and education and training employed 6.9%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Waterways?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 72.1%, compared with 64.1% across Greater Melbourne.
42.9% of residents aged 15 and over worked full time, while 22.1% worked part time.
Unemployment was 4.7%, compared with 5.3% across Greater Melbourne.
Labour-force figures come from the 2021 Census.
What does the health profile of Waterways show?Selected long-term health conditions help describe community service needs.
73.0% reported no selected long-term health condition.
4.5% reported a long-term mental health condition, including depression or anxiety.
6.5% reported asthma, 4.0% arthritis and 3.8% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Waterways?Qualifications describe the study pathways represented among local residents.
39.7% of people in the qualifications table held a bachelor degree. That is well above the Greater Melbourne average.
Postgraduate degrees accounted for 14.0% of qualification responses.
Diploma-level qualifications represented 16.0%, while certificate-level qualifications represented 17.7%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Waterways?Census income and household payments give historical context for local living costs.
Median household income was $3,013 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $2,500.
Occupied renting households reported a median rent of $623 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Waterways compare with Greater Melbourne?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 30.1% in Waterways, compared with 28.8% across Greater Melbourne.
Outright ownership was 30.1% locally and 30.7% across Greater Melbourne. That is close to the Greater Melbourne average.
Renting accounted for 11.1% in Waterways, against 31.1% across Greater Melbourne.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Waterways
Is Waterways expensive?
The median house price is $1,670,000, while units and apartments sit at $846,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Waterways good for families?
The Census counted 686 local families, and 19.4% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Waterways?
4-bedroom houses have a median around $1,500,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Waterways
51 streets in Waterways
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Arcots Ct
- Artesian Pl
- Ashberg Dr
- Barmah Pl
- Beluga St
- Binglebay Ave
- Black Swan Ln
- Bluegrass Cl
- Broadwater Dr
- Buloke Ln
- Burdekin Bvd
- Chopard Ave
- Coorong
- Deepwater Dr
- Dresden Dr
- Fisher
- Fountain Ct
- Greenbush Gr
Show all 51 streetsShow fewer streets
- Hope Ct
- Island Point Ave
- Jardine Tce
- Jubilee Bvd
- Kimberley Gr
- King Sound Cl
- Lake King
- Linlithgow Tce
- Lorikeet Ln
- Macquarie
- Merri Dr
- Mitta Ave
- Moonrise Cl
- Mulga Ln
- Observation Ct
- Paragon
- Portland Pl
- Princetown Dr
- Serpentine Ct
- Shoalwater Dr
- Spoonbill Pl
- Springvale Rd
- Starling Ct
- Sunset Cl
- The Boardwalk
- The Mews
- The Outlook
- The Waterways Boulevard
- Tyrrell Tce
- Waterlilly Ct
- Waterlily Ct
- Waterside Dr
- Westbridge Ct
12 suburbs surrounding Waterways
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Waterways right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.