Waterford Park · Suburb / Locality

Housing & Dwellings in Waterford Park

Where and how people live — the homes, how they are held, and what they cost.

Far more homes in Waterford Park are separate houses than the national figure, with 100% of dwellings being detached. This is a predominantly owner-occupied area where housing costs are well below the state and national averages.

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📍 Waterford Park, Suburb / Locality

Where Waterford Park sits — Median rent (weekly)

$285 ▲ +9.6%
  • $0–$25: 37 areas
  • $25–$50: 86 areas
  • $50–$75: 199 areas
  • $75–$100: 214 areas
  • $100–$125: 525 areas
  • $125–$150: 343 areas
  • $150–$175: 699 areas
  • $175–$200: 597 areas
  • $200–$225: 1183 areas
  • $225–$250: 724 areas
  • $250–$275: 1277 areas
  • $275–$300: 787 areas
  • $300–$325: 1282 areas
  • $325–$350: 618 areas
  • $350–$375: 935 areas
  • $375–$400: 570 areas
  • $400–$425: 763 areas
  • $425–$450: 288 areas
  • $450–$475: 415 areas
  • $475–$500: 176 areas
  • $500–$525: 204 areas
  • $525–$550: 79 areas
  • $550–$575: 125 areas
  • $575–$600: 70 areas
  • $600–$625: 97 areas
  • $625–$650: 21 areas
  • $650–$675: 54 areas
  • $675–$700: 145 areas

All suburb / locality areas, 2021. The marker is Waterford Park — higher than 52% of areas.

Median rent (weekly) compared with the state and national average
Waterford Park$285
3658, VIC $310
Victoria $370
Australia $375

Housing costs

Rents, mortgages and crowding.

The typical monthly home-loan payment is $1,273, which is well below the Victorian figure of $1,859. Weekly rents are also much lower than elsewhere, sitting at $285 compared to the national figure of $375.

$285 ▲ +9.6%

Higher than 52% of suburb / locality areas.

  • 2011: $260
  • 2016: $250
  • 2021: $285

Median weekly rent paid by households renting their home.

$1,273 ▼ -1.9%

Lower than 73% of suburb / locality areas.

  • 2011: $1,298
  • 2016: $1,241
  • 2021: $1,273

Median monthly mortgage repayment for households with a mortgage.

Monthly mortgage distribution

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Waterford Park splits fairly evenly between Under $1,000 (45%) and $1,000–$1,799 (45%), with $1,800–$2,999 at 10%.

Owning & renting

How homes are owned or rented.

Renting is very uncommon here, with only 7.5% of households renting, which is far below the national average of 30.6%. Most homes are owned with a mortgage (55%) or owned outright (32.5%).

7.5% ▼ -33.3%

Lower than 82% of suburb / locality areas.

  • 2011: 11.3%
  • 2016: 7.7%
  • 2021: 7.5%

Share of occupied private dwellings that are rented.

32.5% ▲ +4.0%

Lower than 73% of suburb / locality areas.

  • 2011: 31.3%
  • 2016: 30.8%
  • 2021: 32.5%

Share of occupied private dwellings owned outright (no mortgage).

How homes are owned or rented

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In Waterford Park, Owned with a mortgage is the majority at 58%; Owned outright is next at 34%.

Types of homes

Houses, townhouses, apartments and bedrooms.

Every home in the area is a separate house, which is far above the national figure of 72.3%. These are typically large homes, with 96.3% having three or more bedrooms.

0.80 ▼ -27.3%

Lower than 57% of suburb / locality areas.

  • 2011: 1.10
  • 2016: 0.70
  • 2021: 0.80

Average number of usual residents per bedroom — a crowding measure.

100.0% → 0.0%

Higher than 99% of suburb / locality areas.

  • 2011: 100.0%
  • 2016: 94.9%
  • 2021: 100.0%

Share of occupied private dwellings that are separate houses.

96.3% ▼ -3.8%

Higher than 92% of suburb / locality areas.

  • 2011: 100.0%
  • 2016: 89.7%
  • 2021: 96.3%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In Waterford Park, Separate house is the majority at 100%.

Bedrooms per home

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In Waterford Park, 3 bedrooms is the majority at 74%; 4 bedrooms is next at 15%.

Sources

  • Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).

More for Waterford Park

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Waterford Park [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22717/waterford-park/topic/housing-dwellings