True annual cost of living in Waterford Park, VIC 3658
Living in a house in Waterford Park costs about $10,575 a year: council rates, water and sewerage, commute and home insurance combined. Waterford Park sits 57.8 kilometres from Melbourne CBD. Unit costs reach $10,665, with the $1,800 owners corporation levy accounting for the entire difference between the two. The commute is costed by car to Melbourne, at $5,608 a year, because no daily public transport commute is assumed here.
About $203 a week to run a house here, including estimates
Unit annual cost
$10,665
Incl. owners corporation
$889/month
About $205 a week to run a unit here, including estimates
House vs unit difference
+$90
Unit costs more per year
Annual cost breakdown
Council rates
Official, 2026-27 Mitchell rates
$1,874
Water & sewerage
Official, 2026-27 Goulburn Valley Water
$993
Driving commute
Modelled, 2026-27 ATO 91c/km · 57.8km from CBD · 192 days
$5,608
Home insurance
Estimated flood Medium · fire Medium
$2,100
Owners corporation
Estimated
$1,800
Total annual running cost
$10,575
($881/month, $203/week)
Excludes electricity, estimated separately below. Also excludes the state Emergency Services and Volunteers Fund levy on your rates notice: $139 a year plus 17.3 cents per $1,000 of your home's capital improved value (2026-27).
↑ 9% above Mitchell Shire Council average
SuburbCost affordability score ●●●○○5.1/10 Average
Cheaper to run than 41% of Mitchell Shire Council suburbs. Score blends running cost (50%), schools (20%) and flood & fire risk (30%).
Estimated electricity cost
typical 2-person household
House
$2,016/yr
4,840 kWh
Unit
$1,629/yr
3,630 kWh
Estimated from AER residential benchmarks for Waterford Park's climate zone at 2026-27 regulated prices for its electricity network. Get the free report for a breakdown by your exact number of occupants.
Compare Waterford Park with another suburb
Nearby: No nearby suburbs with data found
Frequently asked questions about Waterford Park
Is it cheaper to drive or take public transport from Waterford Park to the CBD?
Public transport options are limited in Waterford Park; driving is the practical commute at $5,608 per year.
What are the council rates in Waterford Park?
Waterford Park falls under Mitchell Shire Council. The average residential rate for 2026-27 is $1,874 per year, from the council's budget: residential rate revenue divided by the number of residential assessments, plus the council's municipal charge where it sets one. Victorian councils rate on capital improved value, so individual properties pay more or less than the average. The figure excludes waste charges and the state Emergency Services and Volunteers Fund levy.
What does it cost to run a unit in Waterford Park?
Running a unit in Waterford Park costs approximately $10,665 per year by car or $10,665 by public transport. This includes council rates of $1,874, water and sewerage $993, estimated owners corporation levy of $1,800, and contents insurance of $390. Owners corporation fees vary significantly between buildings. Always confirm the actual levy before purchasing.
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Annual cost breakdown
10-year cost projection
School scores & catchments
Flood & fire risk ratings
Crime risk ratings
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Data sources: Council rates: Mitchell rates (2026-27 budget). Water: Goulburn Valley Water 2026-27. Commute: ATO cents per kilometre rate 2026–27 (91c/km). Insurance: estimated from ACCC 2026 premium rates for the area's cyclone risk on a standard $600,000 home, adjusted for flood and fire, disclosed as estimate. Schools: ACARA ICSEA 2025. Risk: Flood: Victorian planning scheme flood overlays (FO, LSIO, SBO). Fire: Bushfire Management Overlay and Bushfire Prone Area. Data last verified November 2026. Cost estimates are for comparison purposes only and do not constitute financial, insurance, or credit advice.