The size of Waterways is approximately 1.7 square kilometres. The population of Waterways in 2011 was 2,163 people. By 2016 the population was 2,447 showing a population growth of 13.1% in the area during that time. The predominant age group in Waterways is 40-49 years. Households in Waterways are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Waterways work in a professional occupation. In 2011, 94.2% of the homes in Waterways were owner-occupied compared with 89.8% in 2016. Currently the median sales price of houses in the area is $1,445,000.