Market snapshot
Suburb insights for Waterways3195
Change suburbWaterways, approximately 25 km southeast of Melbourne’s CBD, is a unique residential enclave surrounded by wetlands, lagoons, and parklands. Designed with sustainability in mind, the suburb features modern homes nestled among nature reserves, walking trails, and lakes that attract a diverse range of birdlife and outdoor enthusiasts. With close access to freeways, beaches, and shopping centres in neighbouring suburbs like Mordialloc and Chelsea Heights, Waterways offers a tranquil, community-focused lifestyle ideal for families and downsizers seeking a natural setting with urban convenience.
Recent sales and auction results in Waterways
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 21 Macquarie Ccl, Waterways | 4 |  | House | Passed in at Auction | 24/10/2025 | Coco Ma Real Estate | View |
| 8 Sunset Cl, Waterways | 7 |  | House | Private Sale | 10/10/2025 | Buxton | View |
| 2 Dresden Dr, Waterways | 3 |  | Townhouse | Private Sale | 8/10/2025 | Area Specialist Keysborough | View |
Sales data
Median sale price
$1.6mil
Annual price change
6.4%
Metro Melbourne Comparison
$955k
0.8%
| Bedrooms | Waterways | Metro comparison |
|---|---|---|
| 2 | - | $910,000 |
| 3 | - | $830,000 |
| 4 | $1,668,000 | $951,500 |
| Insight | Waterways | Metro comparison |
|---|---|---|
| Clearance rate | 81.4% | |
| Days on market | 36 |
Rental data
Median weekly rent
$965
Rental yield
3.1%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Waterways | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | - | $550 |
| 4 | - | $600 |
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