VIC · 3195

Waterways

Suburb profile, market snapshot and recent listings for Waterways, VIC 3195.

Waterways, VIC 3195

About Waterways

Welcome to Waterways

Waterways is a suburb in Melbourne, Victoria, Australia, 25 km (16 mi) south-east of Melbourne's Central Business District, located within the City of Kingston local government area. Waterways recorded a population of 2,422 at the 2021 census.

Market snapshot

Waterways property market

Median price ranks #381 of 3,797 suburbs · pricier than 90%
Bedrooms

Median sale price

$1.55m

House · 4 bed

Median rent

$900

per week

Gross rental yield

3.0%

annual rent ÷ sale price

Typical price range

Entry

$1.17m

Median

$1.55m

Premium

$1.84m

Days on market

36

Auction clearance

0%

Sold this year

20

Median sold price trend · House 4 bed

Compound growth +1.7% / yr over 4 yrs

Median price by bedrooms · House

Property types on market

Share of current listings in Waterways by dwelling type.

House79%
Townhouse21%

Who lives here

Demographics

ABS Census 2021 figures for Waterways, VIC 3195.

Population

2,422

residents (2021)

Median age

41

years

Household income

$3,013

median, per week

Median rent

$623

per week

Median mortgage

$2,500

per month

Mortgage / income

19%

comfortable

Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.

Recent results

Recently sold in Waterways

$2.18m

38 Island Point Avenue

house4 bd · 2 ba · 2 car

Sold ~July 2026

$847k

7 Arcots Court

townhouse3 bd · 2 ba · 2 car

Sold ~July 2026

$900k

1 Ashberg Drive

townhouse3 bd · 2 ba · 2 car

Sold ~July 2026

$1.79m

52 Waterside Drive

house5 bd · 2 ba · 4 car

Sold ~July 2026

$1.28m

16 Ashberg Drive

house4 bd · 2 ba · 2 car

Sold ~July 2026

$3.42m

6 Lake King Circle

house5 bd · 4 ba · 3 car

Sold ~July 2026

$1.90m

11 Waterside Drive

house6 bd · 3 ba · 3 car

Sold ~June 2026

$1.69m

19 The Waterways Boulevard

house4 bd · 3 ba · 2 car

Sold ~June 2026

Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.

Explore the area

Properties & amenities in Waterways

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Compare the area

Price map around Waterways

Every listing for sale near Waterways, coloured by price — so you can see how it stacks up against the streets and suburbs next door.

CheaperPricier
WaterwaysNearby suburbs

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Common questions

Waterways suburb FAQ

What is the median property price in Waterways?

The median house price in Waterways, VIC is $1.55m for a 4-bedroom home. Over the past year, median sold prices have fallen about 6.6%.

How much is rent in Waterways?

The median weekly rent in Waterways is around $900 per week.

Is Waterways a good place to live?

Waterways is a suburb in Melbourne, Victoria, Australia, 25 km (16 mi) south-east of Melbourne's Central Business District, located within the City of Kingston local government area. Waterways is an established residential suburb in VIC, with a population of around 2,422.

What is the population of Waterways?

Waterways has a population of 2,422 (ABS 2021 Census), with a median age of 41.

How long do homes take to sell in Waterways?

Properties in Waterways take around 36 days to sell on average, with an auction clearance rate of about 0%.

How much do you need to buy in Waterways?

Entry-level properties in Waterways start around $1.17m, while premium homes reach $1.84m.

What suburbs are near Waterways?

Suburbs near Waterways include Aspendale Gardens, Keysborough, Bangholme, Edithvale and Chelsea Heights.