Living in a house in Waterloo costs about $5,942 a year: council rates, water and sewerage, commute and home insurance combined. Waterloo sits 3.5 kilometres from Sydney CBD. Unit costs reach $7,672, with the $3,500 body corporate levy accounting for the entire difference between the two. Transport mode has the biggest effect on total cost in a suburb this close to the city.
Sydney rates (OLG 2024-25 + IPART 2026-27 peg) · average rate
$924
Water & sewerage
Sydney Water 2026-27
$1,548
Driving commute
ATO 91c/km · 3.5km from CBD · 192 days
$1,170
Home insurance
Estimated · flood Medium · fire Low
$2,300
Body corporate
Estimated
$3,500
Total annual running cost
$5,942
($495/month)
Near Sydney average
SuburbCost affordability score ●●●○○5.5/10 Average
Cheaper to run than 37% of Sydney suburbs. Score blends running cost (50%), schools (20%) and flood & fire risk (30%).
Estimated electricity cost
typical 2-person household
House
$2,342/yr
5,238 kWh
Unit
$1,909/yr
3,929 kWh
Estimated from AER residential benchmarks for Waterloo'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.
Getting around Waterloo
within a 2 km walk
Nearest stop
Green Square, 955 m away, about a 12 minute walk. It is a train stop.
Nearest hospital
Surry Hills Day Hospital, 1,098 m away, about a 14 minute walk.
Supermarkets
40
Cafes
209
Parks
124
Counted from OpenStreetMap via Overpass inside a 2 km walking radius of the suburb centre, built 2026-08-07. Distances are straight line from that centre, so a specific address can be closer or further. Mapping is contributed and can lag a new opening.
Is it cheaper to drive or take public transport from Waterloo to the CBD?
Driving saves Waterloo residents $750 per year. Annual commute cost by car is $1,170 versus $1,920 by public transport using the Opal network.
What are the council rates in Waterloo?
Waterloo falls under Sydney Council. The average residential rate for 2026-27 is $924 per year for an owner-occupied house, based on OLG data uplifted by the council's IPART rate peg. Individual properties pay more or less depending on land value. Unit owners in strata schemes pay $924 per year. These figures cover the general rate only and exclude waste and cleansing charges.
What does it cost to run a unit in Waterloo?
Running a unit in Waterloo costs approximately $7,672 per year by car or $8,422 by public transport. This includes council rates of $924, water and sewerage $1,548, estimated body corporate levy of $3,500, and contents insurance of $530. Body corporate fees vary significantly between buildings. Always confirm the actual levy before purchasing.
Is Waterloo close to public transport?
The nearest scheduled service to the centre of Waterloo is Green Square, a train stop about 955 m away, about a 12 minute walk. That is measured from the suburb centre, so an individual address can be nearer or further. The commute figure used in the running cost on this page assumes driving, not this service.
What is the closest hospital to Waterloo?
The closest hospital to the centre of Waterloo is Surry Hills Day Hospital, about 1,098 m away, about a 14 minute walk. Distance is straight line from the suburb centre and does not account for the road route or whether the hospital has an emergency department.
What shops and parks are in Waterloo?
Within a 2 km walk of the centre of Waterloo there are 40 supermarkets, 209 cafes and 124 parks. These counts come from OpenStreetMap via Overpass, which is contributed mapping and can lag a recent opening or closure.
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Data sources: Council rates: Sydney rates (OLG 2024-25 + IPART 2026-27 peg). Water: Sydney Water 2026-27. Commute: ATO cents per kilometre rate 2026–27 (91c/km). Insurance: AI-estimated, disclosed as estimate. Schools: ACARA ICSEA 2025. Risk: Fire: NSW RFS Bush Fire Prone Land. Flood: modelled from 30m elevation (topographic). Data updated 2026-07. Cost estimates are for comparison purposes only and do not constitute financial, insurance, or credit advice.