Waterford

POSTAL CODE: WA, 6152
HOUSE

Property investments in WATERFORD did not fare well against the rest of the country last year, registering a median home price decrease of 7.31%.

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

Based on its average 5-year and quarterly capital gains WATERFORD, 6152 saw average growth in the long term.

Real estate investors could earn a rental income of $900 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 52.9 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,526,500.

WATERFORD ranks 342nd on the list of best yielding suburbs for rental properties in WA, posting a 3.07% return.

Surburb overview

Waterford, WA 6152, is a tranquil riverside suburb within the City of South Perth, approximately 7 kilometres southeast of Perth's central business district. Known for its leafy streets, family-friendly atmosphere, and proximity to the Canning River, Waterford offers natural beauty and urban convenience.

As of the 2016 Census, Waterford had a population of 2,277 residents, reflecting a 9.2% increase since 2011. The predominant age group is 20–29, indicating a youthful demographic. Approximately 80.3% of households are family units, with a significant proportion being couples with children. Owner-occupancy rates increased from 80.1% in 2011 to 82.3% in 2016, highlighting a stable residential community.

The median house price in Waterford is $1,716,500, based on 22 sales in the past 12 months, marking a 46% increase. The median weekly home rent is $880, with a rental yield of approximately 3.3%. The suburb predominantly features separate houses, accounting for 87.2% of the area, with a mix of older-style homes and modern developments.

Clontarf Aboriginal College is a co-educational institution catering to Indigenous youth aged 15–18, offering academic and vocational programs. Waterford is near Curtin University and other educational institutions in neighbouring suburbs, providing various learning opportunities.

Waterford is serviced by several Transperth bus routes, offering connections to Perth CBD and surrounding areas. The suburb provides easy access to major roads, facilitating convenient commutes to the city and other regions.

Andrew Thompson Park is a riverside park featuring a viewing jetty, offering scenic views and recreational opportunities. Cygnia Cove Estate is a residential development known for its landscaped wetlands and walking trails, promoting an active lifestyle. Bodkin Park is a local park providing open spaces for leisure and community activities.

Waterford Plaza, located nearby, offers a variety of retail outlets, supermarkets, and dining options, catering to residents' daily needs. Medical facilities and wellness centres are accessible within the suburb and neighbouring areas, ensuring comprehensive healthcare services. The suburb hosts various community centres and recreational facilities, fostering a strong sense of community engagement.

Waterford's blend of natural beauty, modern amenities, and strong community spirit makes it an appealing suburb for families, professionals, and retirees.

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