It might seem like a question that people living on the coast would ask, but developments close to inland rivers, dams, lakes and other waterways have made this a more common feature in our part of the world over the past decade or two.

Major new residential developments in regional centres such as Dubbo are more often making water a feature, for residents to enjoy.

When exploring the real estate market, it’s essential to understand the difference between “waterfront” and “water access” properties. These two terms are often used interchangeably. However, they have distinct meanings. Here’s the difference between the two terms.

Waterfront

A “waterfront” property is located on the water’s edge. For example, it could be along a river, lake or stream. While these homes offer beautiful views of the water, they may not necessarily have access to it.

Water access

The term “water access” typically means that the property is close to the water. This could mean having access to a shared dock, beach or boat launch. While these properties may not have a panoramic view of the water, they still offer the opportunity to enjoy a nearby lake or river.

As a potential homeowner, it’s important to consider what’s most important to you. A real estate agent can help you make a choice that fits your budget and preferences.