The size of Watervale is approximately 59.1 square kilometres. The population of Watervale in 2011 was 453 people. By 2016 the population was 317 showing a population decline of 30.0% in the area during that time. The predominant age group in Watervale is 60-69 years. Households in Watervale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Watervale work in a managers occupation. In 2011, 79.4% of the homes in Watervale were owner-occupied compared with 82.7% in 2016.
Watervale has 269 properties. Over the last 5 years, Houses in Watervale have seen a 129.10% increase in median value. As at 31 October 2024:
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