Waterways
Suburb profile, market snapshot and recent listings for Waterways, VIC 3195.
About Waterways
Welcome to Waterways
Market snapshot
Waterways property market
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.
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
Sold ~July 2026
$847k
7 Arcots Court
Sold ~July 2026
$900k
1 Ashberg Drive
Sold ~July 2026
$1.79m
52 Waterside Drive
Sold ~July 2026
$1.28m
16 Ashberg Drive
Sold ~July 2026
$3.42m
6 Lake King Circle
Sold ~July 2026
$1.90m
11 Waterside Drive
Sold ~June 2026
$1.69m
19 The Waterways Boulevard
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
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.
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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.
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