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Waterways, VIC 3195

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Waterways, VIC 3195 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

2BR

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Buy 

1BR

2BR

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Rent 

1BR

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Yield 

1BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Waterways, VIC 3195”

  1. The total adult population (15 years or older) of Waterways 3195 VIC is 1,949, with a median age of 41. Of those, 60.75% are married, 5.95% are divorced or separated, 31.40% are single and 2.31% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $11,980. The median monthly mortgage repayment for households in this suburb is $2,500 which is 20.87% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of WATERWAYS 3195 is home to an estimated 776 households. As property investment is progressively maturing in the area, Q3 2023 data illuminates a steady rise in market activity and key metrics to consider.

    The property landscape for houses in WATERWAYS 3195 is intriguing. Average house prices are pegged at $1,529,586 accompanied by a median weekly rent of $749. This combination creates an indicative yield of 2.55%, slightly shy of the 3% market requirement for lucrative investment returns. Yet, the impressive IRSAD score of 1123 out of a possible 1217 points towards a mature socio-economic background, revealing high-income levels and attractive investment potential.

    The suburb boasts a highly favourable renter to owner ratio of just 11%, clearly under the 30% threshold that flags high rental property competition. This implies a competitive and beneficial market for investors. Additionally, the unit to houses ratio at 0% confirms a clear preference for detached houses, suggesting less competition for landlords and maintaining potentially high rental yields.

    However, WATERWAYS 3195 does present some challenges. The affordability index shows it takes approximately 50 years to fully own a property here, considerably above the ideal 30-year time frame. This may indicate lower affordability leading to decreased demand.

    Supply metrics provide a more optimistic view. The low stock on market percentage at 0.14% and modest inventory level of 0.48 months, both indicate a low supply which can drive prices higher. The building approvals ratio sits at a favourable 0.28%, revealing limited new property supplies coming into the market, thus containing potential oversupply.

    Demand metrics are somewhat balanced. Whilst the 39 days on market for houses indicate a fair level of demand, the 2.35% vacancy rate points to a neutral level of demand.

    The buy search index for houses currently stands at 3, which suggests average buyer interest in the suburb in relation to Victorian standards.

    In conclusion, WATERWAYS 3195 showcases some quite favourable investment aspects, notwithstanding a few challenges. As always, understanding these metrics within the wider context of the markets economic and demographic profile is key to effective property investment strategies. Be aware that resilience in some areas can offset shortfalls in others, and comprehensive tools such as the RCS developed by HtAG Analytics can provide an invaluable insight into suburb behaviours, with data derived from over 80 different indicators.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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