The size of Deepwater is approximately 200.8 square kilometres. It has 3 parks covering nearly 24.7% of total area. The population of Deepwater in 2016 was 206 people. By 2021 the population was 287 showing a population growth of 39.3% in the area during that time. The predominant age group in Deepwater is 50-59 years. Households in Deepwater are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Deepwater work in a labourer occupation.In 2021, 79.50% of the homes in Deepwater were owner-occupied compared with 75.50% in 2016.
Deepwater has 289 properties. Over the last 5 years, Houses in Deepwater have seen a 113.68% increase in median value. As at 31 October 2025:
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