Waterways · Suburb / Locality

Housing & Dwellings in Waterways

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

Typical monthly mortgage payments of $2,500 make Waterways a costly place to live compared to other areas. Most people here live in large, detached family homes, though a small number pay some of the highest rents seen at this level. It is a predominantly owner-occupied suburb where few people rent.

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📍 Waterways, Suburb / Locality

Where Waterways sits — Median rent (weekly)

$623 ▲ +10.3%
  • $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 Waterways — higher than 99% of areas.

Median rent (weekly) compared with the state and national average
Waterways$623
3195, VIC $421
Victoria $370
Australia $375

Housing costs

Rents, mortgages and crowding.

Housing costs are high, with typical weekly rents of $623 sitting far above the national figure of $375. Mortgage payments are also well above the state average, with 36.2% of households paying $3,000 or more each month.

$623 ▲ +10.3%

Higher than 99% of suburb / locality areas.

  • 2011: $565
  • 2016: $580
  • 2021: $623

Median weekly rent paid by households renting their home.

$2,500 ▼ -5.1%

Higher than 88% of suburb / locality areas.

  • 2011: $2,633
  • 2016: $2,367
  • 2021: $2,500

Median monthly mortgage repayment for households with a mortgage.

Weekly rent distribution

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In Waterways, $550–$749 is the majority at 61%; $350–$549 is next at 20%.

Monthly mortgage distribution

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In Waterways, the largest group is $3,000 or more at 38%, followed by $1,800–$2,999 (31%) and $1,000–$1,799 (16%).

Owning & renting

How homes are owned or rented.

A large majority of residents own their homes, and the 11.0% who rent is far below the Australian average of 30.6%. Those who own their homes are more likely to have a mortgage than own them outright.

11.0% ▲ +88.5%

Lower than 70% of suburb / locality areas.

  • 2011: 5.8%
  • 2016: 9.1%
  • 2021: 11.0%

Share of occupied private dwellings that are rented.

29.9% ▲ +31.6%

Lower than 78% of suburb / locality areas.

  • 2011: 22.7%
  • 2016: 25.8%
  • 2021: 29.9%

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

How homes are owned or rented

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In Waterways, Owned with a mortgage is the majority at 58%; Owned outright is next at 30%.

Types of homes

Houses, townhouses, apartments and bedrooms.

Large homes dominate the landscape, as 98.0% of houses have three or more bedrooms. Separate houses make up 87.9% of all dwellings, which is far above the Victorian average of 73.4%.

0.80 ▼ -20.0%

Lower than 57% of suburb / locality areas.

  • 2011: 1.00
  • 2016: 0.90
  • 2021: 0.80

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

87.9% ▼ -11.1%

Lower than 72% of suburb / locality areas.

  • 2011: 98.9%
  • 2016: 72.3%
  • 2021: 87.9%

Share of occupied private dwellings that are separate houses.

98.0% ▼ -0.2%

Higher than 96% of suburb / locality areas.

  • 2011: 98.3%
  • 2016: 97.8%
  • 2021: 98.0%

Share of occupied private dwellings with three or more bedrooms.

Types of homes

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In Waterways, Separate house is the majority at 88%; Townhouse / semi-detached is next at 12%.

Bedrooms per home

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In Waterways, 4 bedrooms is the majority at 55%; 3 bedrooms is next at 25%.

Sources

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

More for Waterways

Cite this page

Australian Bureau of Statistics. (2021). Housing & Dwellings in Waterways [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22720/waterways/topic/housing-dwellings