We use the thermal lens technique in the nanosecond time scale to describe the acoustic wave effect in liquids and the corresponding correlation with the speed of sound in the fluid, volumetric thermal expansion, and piezo-optic coefficient. These physical properties are found to be directly correlated to the anomalous effects observed in the transients at the nanosecond time scale, where acoustic waves dominate the thermal lens signal inducing an oscillating transient. Our results suggest the application of the thermal lens to study the generation and the detection of thermo-acoustic waves in liquids, which makes this method interesting for all-optoacoustic ultrasound detection and imaging.