Fast 50 Report 2026 Banner

Waterfall

POSTAL CODE: NSW, 2233
HOUSE

Based on its average 5-year and quarterly capital gains WATERFALL, 2233 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that WATERFALL, 2233 obtained a 0% decrease over a ten-year period. It ranks 4566th on our list of suburbs that property investors should look into.

WATERFALL, 2233 in NSW belongs to the local government area of Sutherland.

WATERFALL, 2233 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.

With the median home price in WATERFALL sitting at $1,355,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in WATERFALL are average, as opposed to average gains per annum over the past five years.

Surburb overview

Waterfall is the southernmost suburb of the Sutherland Shire, located about 40 kilometres south of the Sydney central business district. Heathcote borders it to the north and the Illawarra Escarpment to the south, with the Royal National Park to the east and Heathcote National Park to the west. Its position at the edge of Sydney gives it a semi-rural and bushland setting, with direct access to extensive natural reserves.

The suburb has a small population of around 500 people, according to the latest census. Most residents were born in Australia, with smaller groups from England and New Zealand. English is the primary language spoken at home, with Greek and Italian spoken by some households. The demographic is largely family-based, with many long-term residents. Housing is predominantly detached dwellings on larger blocks, reflecting the suburb’s low-density character.

Public transport is provided by Waterfall railway station, which sits on the Illawarra line and offers services to the Sydney CBD and Wollongong. Some South Coast line trains also stop at Waterfall, linking it further south. Road access is supported by the Princes Highway and the M1 Princes Motorway, which connect the suburb to greater Sydney and the Illawarra. Bus services are limited, making private vehicles the primary mode of transport.

Essential services within Waterfall are minimal, with residents relying on neighbouring suburbs such as Heathcote and Engadine for supermarkets, schools, medical centres and community facilities. Educational needs are met at schools in Heathcote and Engadine. Healthcare is available at Sutherland Hospital and Kareena Private Hospital, while smaller clinics operate in surrounding suburbs.

Recreational amenities are closely tied to the national parks that surround Waterfall. The suburb provides entry points to the Royal National Park and Heathcote National Park, with walking tracks, picnic areas and lookouts accessible nearby. Bushwalking, birdwatching and cycling are popular activities, and the natural environment supports a quiet, outdoor-focused lifestyle. The nearby Garawarra State Conservation Area adds to the range of natural attractions available to residents and visitors.

You’re out of free articles for this month
Loading form...