Nestled in the southern precinct of Perth, Waterford is often fondly spoken about by locals who appreciate its serene ambience and contemporary charm. This suburb, situated just a short distance from the bustling Perth city centre, exudes a unique appeal that has quickly propelled it onto the list of Perth’s most sought-after suburbs.
Waterford’s main attraction lies in its wide range of amenities, including a vibrant collection of cafes, pubs, and restaurants. The suburb provides a serene escape from the urban bustle while still offering a dynamic social scene. Its notable attractions include Crown Perth, a landmark entertainment destination hosting Western Australia’s only licensed casino, upscale restaurants, a resort hotel, and a theatre.
History of Waterford
The roots of Waterford trace back to a land grant in 1831, with the area accumulating historical significance as it’s grown over the years. A settlement began to take shape in 1886, spurred by the railway development to Pinjarra. This growth saw the construction of schools and municipal buildings, marking the early stages of Waterford’s evolution.
The suburb is home to nearly 140 heritage-listed properties, reflecting its rich heritage.Â
Originally considered a working-class district in the 1930s, Waterford underwent a substantial transformation and by the 1970s was home to a proportionally older population. Over subsequent decades, the area experienced an increase in the development of townhouses replacing older dwellings. This transformation, coupled with its proximity to the Perth CBD, has attracted city professionals.
Home to an expanding real estate landscape
The real estate landscape of Waterford is characterised by a balanced mix of free-standing homes, townhouses, and apartments, with townhouses slightly leading the market. Boasting a population nearing 9,000, Waterford has experienced rapid growth in recent years. Being near to Curtin University this suburb has a positive investment potential, particularly in the rental market. The average property price is $750,000, with a commendable annual growth rate of 6.8%. While predominantly a rental market, there is an expanding trend in fully owned and in-progress purchased properties.
Waterford appeals to a diverse demographic, with a significant proportion of residents aged between 25 and 50, comprising both couples with and without children. The suburb hosts an array of primary and secondary schools, making it an attractive choice for families seeking a well-rounded living experience.
Looking for something to do around Waterford?
Activities are aplenty in Waterford, offering something for everyone. From savouring a brew at local hotspots like Brew Haven to enjoying weekend brunch at local staples like The Pantry, residents can explore an array of culinary delights. The outdoor spaces, such as local parks and reserves, provide the ideal setting for picnics and outdoor leisure.
Your ideal living experience awaits in the heart of Waterford! Reach out to us today and commence your venture towards owning or leasing a property in this lively suburb.
