The size of Waterfall Gully is approximately 1.8 square kilometres. It has 3 parks covering nearly 24.1% of total area. The population of Waterfall Gully in 2011 was 499 people. By 2016 the population was 142 showing a population decline of 71.5% in the area during that time. The predominant age group in Waterfall Gully is 40-49 years. Households in Waterfall Gully are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Waterfall Gully work in a professional occupation. In 2011, 93.4% of the homes in Waterfall Gully were owner-occupied compared with 89.4% in 2016..
Waterfall Gully has 64 properties. Over the last 5 years, Houses in Waterfall Gully have seen a 62.07% increase in median value, while Units have seen a 2.58% increase. As at 31 October 2024:
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