Waterways is a smaller suburb in Victoria within the Kingston (Vic.) local government area (postcode 3195). With a population of 2,422, the suburb has an established demographic with a median age of 41. Households earn a median income of $157K per year, with an average household size of 3.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Chinese, Australian.
The median house price in Waterways is $1.5 million, having dropped significantly 12.3% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,500.
Public transport access includes 5 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Waterways offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 9.5x is considered moderate. House prices have moved -12.3% year-on-year.
Waterways is a smaller suburb in Victoria within the Kingston (Vic.) local government area (postcode 3195). With a population of 2,422, the suburb has an established demographic with a median age of 41. Households earn a median income of $157K per year, with an average household size of 3.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Chinese, Australian.
The median house price in Waterways is $1.5 million, having dropped significantly 12.3% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,500.
Public transport access includes 5 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
From an investment perspective, Waterways offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.5M/$875K), placing it in the premium segment. The price-to-income ratio of 9.5x is considered moderate. House prices have moved -12.3% year-on-year.