Mordialloc vs Waterways
Mordialloc (median $1,387,500) is roughly 15% cheaper to buy into than Waterways ($1,635,000).
Buying in Mordialloc or Waterways?
Selling in Mordialloc? The free selling guide
Mordialloc and Waterways side by side
| Measure | Mordialloc | Waterways |
|---|---|---|
| Price and market | ||
| Median house | $1,387,500 | $1,635,000 |
| Median unit | $670,000 | $348,480 |
| Renting | ||
| House rent | $750/wk | – |
| Unit rent | $550/wk | – |
| Owner occupied | 68.0% | 88.0% |
| Renter occupied | 30.0% | 11.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1098 | 1077 |
| Lifestyle and people | ||
| Walk score | 48 | – |
| Transit score | 0 | – |
| Bike score | 100 | – |
| Population | 8,886 | 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 Mordialloc (1098) sits above Waterways (1077). Waterways skews owner-occupied (88%), Mordialloc runs more rental-dense (68% owner).
- For buyers
- Mordialloc is the lower entry point at $1,387,500 median, 15% 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
- Mordialloc edges out on average school ICSEA (1098 vs 1077). Waterways also has a higher family-household share (93% vs 67%), so the catchment community skews family-heavy.
Mordialloc vs Waterways: common questions
Is Mordialloc or Waterways cheaper to buy in?
Mordialloc has the lower median house price at $1,387,500, roughly 15% below Waterways ($1,635,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Mordialloc or Waterways have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Mordialloc scores 1098 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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