Thinking about buying in Waterford Park? Now could not be a better time, with just 104 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $487,000 with prices in this suburb ranging from $125,000 to $804,000. The aproximate distance to the coast is 57 Km.
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In Waterford Park there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Waterford Park are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Waterford Park classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Waterford Park necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Waterford Park we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Waterford Park a better buying opportunity than it may have been in the past.
26 RYANS RD, WATERFORD PARK, VIC, 3658 | 3 | 2 | 2 | $579,000 - $599,000 |
None within suburb boundary
(While the above schools are located with the suburb of Waterford Park there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.6 | 12.6 | 26.3 | 37.4 | 92.8 | 6.6 | 25.2 |
Feb | 1.5 | 12.9 | 25.4 | 41.9 | 93.8 | 6.3 | 20.9 |
Mar | 1.8 | 11.5 | 21.9 | 49.0 | 94.4 | 6.1 | 16.5 |
Apr | 1.7 | 9.4 | 17.6 | 57.0 | 94.2 | 5.9 | 12.1 |
May | 2.0 | 6.8 | 12.9 | 68.9 | 96.2 | 6.4 | 8.8 |
Jun | 2.5 | 5.0 | 10.1 | 78.9 | 98.4 | 6.4 | 7.3 |
Jul | 2.2 | 4.2 | 9.4 | 80.2 | 98.7 | 7.0 | 7.4 |
Aug | 2.2 | 4.2 | 10.5 | 71.0 | 98.1 | 6.8 | 10.2 |
Sept | 2.4 | 5.9 | 13.6 | 61.5 | 95.5 | 6.8 | 14.8 |
Oct | 2.0 | 7.3 | 16.9 | 56.6 | 95.3 | 6.7 | 19.1 |
Nov | 2.4 | 9.2 | 20.4 | 49.2 | 96.1 | 6.2 | 22.6 |
Dec | 1.6 | 11.0 | 23.8 | 41.1 | 94.7 | 6.3 | 26.0 |
source: Australian Government Bureau of Meteorology
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