Waterfall Property Insights - Feb 2025
Waterfall, NSW 2233: A Quiet Suburb with Strong Appeal
Waterfall, located at the southern edge of Sydney, is a small yet scenic suburb known for its lush surroundings and close-knit community. Spanning 2.3 square kilometers, it features three parks covering 54.9% of the total area, making it an attractive option for those who enjoy outdoor living. The suburb has experienced modest population growth of 0.8%, increasing from 483 residents in 2011 to 487 in 2016.
Housing Market Trends
The Waterfall housing market remains competitive despite its limited size. As of January 2025, the median house price is $1.21 million, with properties selling in the upper quartile at $1.33 million and the lower quartile at $1.05 million.
Over the past 12 months, 5 houses were sold, with an average tenure of 6.5 years, indicating a low turnover rate. The total number of new house listings was 7, showing a tight supply. Although rental data is limited, the strong demand for homes suggests steady returns for investors.
Unit Market Trends
Waterfall has a small unit market, with only 1 unit sold in the past year. The median unit price is $928,000, with notable fluctuations due to the limited number of transactions. The unit market remains niche but could offer future growth potential as demand for affordable alternatives increases.
Waterfall
Land Market
Only 1 land sale was recorded in the past year, reinforcing the scarcity of development opportunities in Waterfall. With limited vacant land, existing properties continue to hold strong value.
Rental Market
Waterfall’s rental market data is limited, but regional trends suggest high demand for housing near nature reserves and transport links. Units in the broader region are renting for around $680 per week, with an estimated rental yield of 6.3%, making them an appealing option for investors.
Houses in surrounding suburbs have a median rent of $900 per week, indicating that Waterfall could offer strong rental potential if more properties were available.
Recent Market Activity
Waterfall’s property market activity remains limited due to its small size:
5 houses were sold, with prices ranging from $1.05 million to $1.33 million.
The unit market recorded just 1 sale, reflecting the limited availability of apartment-style living in the suburb.
1 land sale occurred, confirming the suburb’s highly restricted development potential.
With such low supply, Waterfall remains a tightly held market, making properties in the area highly sought after.
Community and Lifestyle
Waterfall has a family-friendly atmosphere, with 52.1% of households made up of couples with children. The predominant age group is 10-19 years, reflecting a mix of young families and established homeowners.
Income levels are diverse, with 21% of households earning between $78,000 and $130,000 annually, while 13.6% earn over $182,000, highlighting a mix of middle and high-income earners.
Investment Potential
Waterfall’s low supply, steady demand, and strong rental yields make it an attractive long-term investment opportunity. With its natural beauty, proximity to Sydney, and limited development opportunities, Waterfall offers buyers a unique blend of lifestyle and capital growth potential.