Waterfall, NSW 2233
Sutherland Shire CouncilAll suburbs in postcode 2233
Updated
Median house price
$1,375,000
+0.4% over the past year.
Median of 10 house sales · NSW Valuer General · calendar 2025
Selling in Waterfall?
Get the free selling guide, personalised to Waterfall, or ask for a free appraisal from a local agent.
Waterfall at a glance
- Median unit
- $411,840
- Weekly rent
- $1,000
- Houses · units $720
- Population
- 522
- Median age 41
Prices: Median of 10 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2233), June 2026 · Population: 2021 Census
House prices in Waterfall
Houses change hands at $1,375,000 on a typical sale, above the NSW median (10 house sales, NSW Valuer General, calendar 2025). Units come in around $411,840, roughly 70% below the house median. The 12-month picture is essentially flat performance (+0.4%), so buyers and sellers are negotiating on roughly the same number.
For buyers
A 20% deposit on the median house works out to roughly $275,000. Prices sit above the NSW median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Rental data as of June 2026· NSW rental bond data (postcode 2233)
Free appraisal in Waterfall
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What to know about Waterfall
Waterfall (2233) sits in the Sutherland region of NSW. The median house here is $1,375,000, above the NSW median of around $1.10M. Prices have moved +0.4% over the past year, behind the NSW average (3%).
Waterfall has roughly 522 residents, with a typical family-age mix. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
What it’s like to live here
Waterfall scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Summer days here average around 27°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 1,141 mm. Figures are our 1991 to 2020 averages of SILO data for this location (Queensland Government, built from Bureau of Meteorology observations).
Schooling within or near the suburb covers 8 government primary, 2 government secondary, 3 Catholic, 2 independent.
Schools in Waterfall
Location
Walkability
- Walk
- 0/100
- Transit
- 0/100
- Bike
- 5/100
Very car dependent. Scores out of 100, calculated from OpenStreetMap data (ODbL).
Walkability data as of May 2026· OpenStreetMap
Demographics
The 2021 Census put Waterfall's population at 522, with a median age of 41. That sits as a typical family-age mix. Households are predominantly owner-occupied (82% own, 14% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (80% family households, 17% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
- Family households
- 80%
- Lone person
- 17%
- Owner occupied
- 82%
- Renter occupied
- 14%
Demographics data as of May 2026· ABS 2021 Census
Investment overview
Gross rental yield on houses sits at 3.78% (median rent $1000/wk against a $1,375,000 price tag). Units yield 9.09% gross, often the better cash-flow play for first-time investors. Renter share is modest (14%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
- Gross yield, housesSource: NSW Valuer General (PSI) · Sept 2026
- 3.78%
- On the $1,375,000 median
- Gross yield, unitsSource: NSW Valuer General (PSI) · Sept 2026
- 9.09%
- On the $411,840 median
- 12-month change, housesSource: NSW Valuer General (PSI) · Sept 2026
- +0.4%
Gross rental yield is a year’s rent divided by the purchase price, before expenses. It leaves out vacancy, management fees, maintenance and financing costs, so treat it as a starting point.
Crime and safety
28 offences recorded in 2026
Top offence categories
Source: State Police Open Data
Crime data as of January 2026
Weather year-round
- Annual rainfall
- 1,141 mm
- Hottest month, avg max
- 26.7°C
- Coldest month, avg min
- 6.8°C
Rainfall by month
Our 1991 to 2020 averages of SILO data (Queensland Government, built from Bureau of Meteorology observations, CC BY 4.0) for this location.
Climate data as of October 2026· SILO (Queensland Government), from Bureau of Meteorology observations
Questions about Waterfall
- What is the median house price in Waterfall?
- The median house price in Waterfall, NSW 2233 is $1,375,000 (median of 10 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $411,840. Annual growth is +0.4%.
- How much is my house worth in Waterfall?
- A useful starting point is the Waterfall median house price of $1,375,000 (units $411,840). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Waterfall a good investment?
- On the published figures, the gross rental yield on houses in Waterfall is 3.8%: the median weekly house rent is $1,000 (NSW rental bond data (postcode 2233), June 2026) against the median house price of $1,375,000 (NSW Valuer General, calendar 2025). The median house price rose 0.4% over 12 months on the same NSW Valuer General figures. Whether Waterfall is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Waterfall postcode?
- Waterfall is in the 2233 postcode, in NSW, in the Sutherland Shire Council region.
- Where is Waterfall?
- Waterfall is a suburb in the Sutherland Shire Council area, NSW 2233.
- What is the average rent in Waterfall?
- The median weekly rent for houses is $1000, for units it's $720.
- What schools are in Waterfall?
- There are 15 schools serving Waterfall on this page, including Waterfall Public School, Helensburgh Public School, Holy Cross Catholic Primary School.
- How walkable is Waterfall?
- Waterfall has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 5.
- What suburbs are near Waterfall?
- Waterfall is close to Woronora Dam, Helensburgh, Lilyvale, Heathcote, Garie.
- What is the population of Waterfall?
- The population of Waterfall is approximately 522 (2021 Census). The median age is 41.
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Sources. House and unit medians from the NSW Valuer General, Land Victoria, the SA Government and the ABS; rents from the state rental bond authorities. Census from the ABS (2021), climate from the Bureau of Meteorology, hazard from Geoscience Australia, schools from ACARA and crime from state police open data. Each figure carries its source and date. How we source data
How we’re paid. The guides and this page are free. When a seller asks, we introduce one local agent, and the agent pays us a flat fee for the introduction, never a share of their commission; it costs the seller nothing. If a figure looks wrong, tell us and we’ll fix it.