Thinking about buying in Waterways? Now could not be a better time, with 801 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,821,000 with prices in this suburb ranging from $492,000 to $4,066,000. Waterways is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Waterways Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Waterways driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Waterways ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Waterways provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Waterways requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Waterways we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Waterways a better buying opportunity than it may have been in the past.

Houses for sale Waterways

	24 MERRI DR, WATERWAYS, VIC, 3195	4	2	3	$1,550,000 - $1,650,000
	24 PORTLAND PL, WATERWAYS, VIC, 3195	4	2	2	1790000
	21 SHOALWATER DR, WATERWAYS, VIC, 3195	5	3	2	1650000
	17 THE WATERWAYS BOULEVARD, WATERWAYS, VIC, 3195	4	2	2	1520000

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General Points of Interest

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