Waters Rd, Neutral Bay NSW 2089
Waters Rd, Neutral Bay NSW 2089 is a predominantly apartment-focused street with 97.1% of its 379 residential properties being units. Two homes sit level with the street and 2 sit below it. The street carries local road traffic. 11 apartments sold in the trailing 12 months, with a 23.6% turnover rate over the past 5 years. Notable developments include 260 Military Rd (175 lots, 2 levels, built 1988), 4 Waters Rd (79 lots, 5 levels, built 1994), and 12 Waters Rd (19 lots, 2 levels, built 2025). There are insufficient recent house sales to calculate a reliable comparison against the suburb median, so buyers should compare recent sales of individual homes on the street against nearby comparable properties.
The mix of houses and apartments (units) that make up the Waters Rd, Neutral Bay NSW 2089 property market.
"Houses" in this report includes detached houses, duplexes, and terraces.
How house lots on Waters Rd, Neutral Bay NSW 2089 sit relative to street level — topography that affects drainage, flood risk, privacy, and build cost. Statistics are calculated from properties with available data.
See which key planning overlays and environmental risks affect this street before you buy.
Actual house sales on Waters Rd, Neutral Bay NSW 2089 over the past 5 years, plotted against the Neutral Bay NSW 2089 median house price trend over the same period.
1 popular houses on Waters Rd, Neutral Bay NSW 2089
Actual apartment (unit) sales on Waters Rd, Neutral Bay NSW 2089 over the past 5 years, plotted against the Neutral Bay NSW 2089 median apartment price trend over the same period.
The largest apartment projects on Waters Rd, Neutral Bay NSW 2089, ranked by number of lots.
30 popular apartments on Waters Rd, Neutral Bay NSW 2089
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Common questions about living on and buying property on Waters Rd, Neutral Bay NSW 2089 — lifestyle, transport, and the local housing market.
Note: Data is sourced from the Australian Bureau of Statistics (ABS) 2021 Census data and knest.ai internal statistical data.
Is Waters Rd an expensive or affordable street relative to Neutral Bay?
There are insufficient recent house sales on Waters Rd to calculate a reliable premium or discount against the Neutral Bay average. Buyers should compare recent sales of individual homes on the street against nearby comparable properties to gauge current market positioning.
What are the risk and overlay factors on Waters Rd?
There are no bushfire, heritage, or flood overlay risks on this street, and no properties require a flood check. However, 4 homes fall under other flood classifications, meaning no flood risk has been identified or the property has not been mapped. There are also no high-voltage powerline risks affecting homes on Waters Rd.
Are properties on Waters Rd mostly on high, level or low ground?
2 homes sit level with the street; 2 homes sit below the street. Different site heights relative to the street can influence site characteristics, but buyers should assess the specific property rather than relying on the street average.
What type of road is Waters Rd?
Waters Rd is a local road, which generally serves nearby residents. As the speed limit and the share of stock fronting this road section are unavailable, buyers should rely on the local road classification to understand the street's function.
Is Waters Rd mostly houses or apartments?
Waters Rd has 379 residential properties, with 1% being houses and 97% being apartments. This makes the street predominantly apartments, offering a high-density residential environment rather than a detached house neighbourhood.
What are the major apartment developments on Waters Rd?
The major apartment developments on Waters Rd include 4 Waters Rd, which has 79 lots across 5 levels and was built in 1994, and 12 Waters Rd, which has 19 lots across 2 levels and was built in 2025. These developments contribute to the street's apartment presence or higher-density residential character.
How many properties have sold on Waters Rd?
11 apartments have sold in the past 12 months, while no houses have sold. The 5-year turnover rate for apartments is 23.6%, and the turnover rate for houses is 25%. Turnover measures the proportion of properties that changed ownership during the past five years.
Is Waters Rd a good street to buy property on?
Waters Rd is a local road with a predominantly apartment profile, making it well-suited for apartment buyers seeking a residential environment. The street features a mix of site heights and a mix of older and newer apartment developments, offering buyers a choice between established and recently built homes.
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