Aspendale vs Waterways
Aspendale (median $1,342,500) is roughly 18% cheaper to buy into than Waterways ($1,635,000).
Buying in Aspendale or Waterways?
Selling in Aspendale? The free selling guide
Aspendale and Waterways side by side
| Measure | Aspendale | Waterways |
|---|---|---|
| Price and market | ||
| Median house | $1,342,500 | $1,635,000 |
| Median unit | $948,500 | $348,480 |
| Renting | ||
| House rent | $680/wk | – |
| Unit rent | $545/wk | – |
| Owner occupied | 80.0% | 88.0% |
| Renter occupied | 18.0% | 11.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1094 | 1077 |
| Lifestyle and people | ||
| Walk score | 36 | – |
| Transit score | 20 | – |
| Bike score | 100 | – |
| Population | 7,285 | 2,422 |
| Median age | 40 | 41 |
| Climate | ||
| Annual rainfall | 661 mm | 692 mm |
| Mean max, January | 26.0°C | 26.2°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Aspendale (1094) sits above Waterways (1077).
- For buyers
- Aspendale is the lower entry point at $1,342,500 median, 18% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Rental or growth data is incomplete for one or both suburbs. Look at the full investor view on each suburb profile for a complete picture.
- For families
- Aspendale edges out on average school ICSEA (1094 vs 1077). Waterways also has a higher family-household share (93% vs 77%), so the catchment community skews family-heavy.
Aspendale vs Waterways: common questions
Is Aspendale or Waterways cheaper to buy in?
Aspendale has the lower median house price at $1,342,500, roughly 18% below Waterways ($1,635,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Aspendale or Waterways have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Aspendale scores 1094 vs 1077 in Waterways. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Keep comparing
The two suburbs
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