Waterways is a smaller residential area in Victoria within the Kingston (Vic.) local government area (postcode 3195). The area has roughly 2,422 residents and a settled mid-life population, with a median age of 41. Households earn a median income of $157K per year, with an average household size of 3.3 people. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Chinese, Australian.
The median house price in Waterways is $1.5 million, having declined steeply by 12.3% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,500.
Public transport access includes 5 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,078 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.1% (low yield). Property prices are above the state median ($1.5M/$850K), placing it in the premium segment. The price-to-income ratio of 9.5x is considered moderate. House prices have moved -12.3% year-on-year.