Roxburgh Park Waterfront Streets Show Fresh Price Momentum

Median prices for waterfront homes in Roxburgh Park reached $938,000 in the June quarter, according to settlement data lodged with the local titles office.

The lift follows the central bank’s decision in late May to hold the cash rate steady, which freed up borrowing capacity for investors who had sat out the first half of the year. Local agents report that enquiries for properties with direct water access have doubled since April, outpacing interest in inland pockets of the same postcode.

Streets drawing buyers

Bridgewater Drive recorded five sales above $950,000 between March and June, each settling within 22 days. Waterfront Crescent, one block back from the lake edge, saw a three-bedroom townhouse at number 17 change hands for $812,000 on 19 May. Both streets sit within walking distance of Roxburgh Park Primary School and the weekly fresh-produce market held at Roxburgh Park Shopping Centre on Saturday mornings.

Community programs run from the Roxburgh Park Community Centre, including after-school sailing lessons on the lake, have also lifted the profile of the shoreline precinct among young families relocating from denser inner suburbs.

Transaction evidence

CoreLogic suburb figures released on 8 July show Roxburgh Park waterfront stock turning over at a 9 percent higher clearance rate than the suburb average. A four-bedroom brick home at 62 Bridgewater Drive sold for $1.12 million on 3 July, the highest price recorded on that street since records began in 2019.

Investors are now weighing entry points ahead of the August auction schedule. Agents advise checking body-corporate fees on newer townhouses along the creek reserve and confirming flood overlays with the local council before lodging offers.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.