Bondi Junction - Waverly

Population growth drivers in Bondi Junction - Waverly are slightly above average based on AreaSearch's ranking of recent, and medium term trends

Based on AreaSearch's analysis, Bondi Junction - Waverly's population is around 19,500 as of Feb 2026. This reflects an increase of 1,780 people (10.0%) since the 2021 Census, which reported a population of 17,720 people. The change is inferred from the estimated resident population of 18,893 from the ABS as of June 2024 and an additional 615 validated new addresses since the Census date. This population level equates to a density ratio of 7,738 persons per square kilometer, which lies in the top 10% of national locations assessed by AreaSearch, making land in the area a highly sought resource. Bondi Junction - Waverly's 10.0% growth since the 2021 census exceeded the SA3 area (6.0%) and the SA4 region, marking it as a growth leader in the region. Population growth for the area was primarily driven by overseas migration, which contributed approximately 89.2% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, as released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilizing the NSW State Government's SA2 level projections, as released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Anticipating future population dynamics, an above-median population growth relative to national areas is projected, with the area expected to increase by 3,208 persons by 2041 based on the latest annual ERP population numbers, reflecting an increase of 13.3% in total over the 17 years.

AreaSearch assessment of residential approval activity sees Bondi Junction - Waverly among the top 30% of areas assessed nationwide

Bondi Junction - Waverly has averaged around 105 new dwelling approvals per year, with 527 homes approved over the past 5 financial years (between FY-21 and FY-25) and 3 so far in FY-26. With an average of 1 person per year moving to the area for each dwelling built over the past 5 financial years (between FY-21 and FY-25), the market shows a good balance between supply and demand, supporting stable conditions, while new properties are constructed at an average value of $691,000, showing that developers are focusing on the premium market with high-end developments. Additionally, $59.7 million in commercial approvals have been registered this financial year, suggesting robust local business investment.

Compared to Greater Sydney, Bondi Junction - Waverly has 100.0% more construction activity (per person), which should provide buyers with ample choice. Recent construction comprises 3.0% detached dwellings and 97.0% townhouses or apartments. This trend toward denser development provides accessible entry options and appeals to downsizers, investors, and entry-level buyers. The location has approximately 762 people per dwelling approval, demonstrating an established market.

Looking ahead, Bondi Junction - Waverly is expected to grow by 2,601 residents through to 2041 (from the latest AreaSearch quarterly estimate). Based on current development patterns, new housing supply should readily meet demand, offering good conditions for buyers and potentially facilitating population growth beyond current projections.

Bondi Junction - Waverly has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Nothing can influence an area's performance as much as changes to local infrastructure, major projects, and planning initiatives. In total, 25 projects have been identified by AreaSearch that are likely to have an impact on the area. Key projects include Mixed-Use Development with Affordable Housing, 362-384 Oxford Street, Bondi Junction, Origami Bondi Junction, Signature (362-384 Oxford Street) Build-to-Rent Precinct, and Bondi Junction Vision and Master Plan, with the list below detailing those likely to be of most relevance.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

The labour market in Bondi Junction - Waverly shows considerable strength compared to most other Australian regions

Bondi Junction - Waverly possesses a highly educated workforce, with the technology sector a particular standout in terms of representation, an unemployment rate of only 3.2%, and 3.3% in estimated employment growth over the past year. As of December 2025, 12,057 residents are in work while the unemployment rate is 0.9% below Greater Sydney's rate of 4.2%, and workforce participation is well beyond standard (76.3% compared to Greater Sydney's 70.2%). Based on Census responses, a high 59.3% of residents were found to work from home, though Covid-19 lockdown impacts should be considered.

The dominant employment sectors among residents include professional & technical, finance & insurance, and health care & social assistance. The area shows particularly strong specialization in professional & technical, with an employment share of 1.6 times the regional level. Meanwhile, retail trade has limited presence with 6.1% employment compared to 9.3% regionally. The ratio of 0.8 workers for each resident, as at the Census, indicates substantial local employment opportunities.

Based on AreaSearch analysis of SALM and ABS data, over the 12 months to December 2025, employment increased by 3.3% while labour force increased by 3.4%, keeping the unemployment rate relatively stable. This contrasts with Greater Sydney, where employment rose by 2.2%, the labour force grew by 2.3%, and unemployment rose marginally. Jobs and Skills Australia's national employment forecasts from May-25 can offer further insight into potential future demand within Bondi Junction - Waverly. These projections, covering five and ten-year periods, have been mapped against the local employment profile to estimate growth patterns. While national employment is forecast to expand by 6.6% over five years and 13.7% over ten years, growth rates differ significantly between industry sectors. Applying these industry-specific projections to Bondi Junction - Waverly's employment mix suggests local employment should increase by 7.5% over five years and 14.8% over ten years (please note this is a simple weighting extrapolation for illustrative purposes and does not take into account localised population projections).

The economic profile demonstrates exceptional strength, placing the area among the top 10% nationally based on comprehensive AreaSearch income analysis

AreaSearch's latest postcode level ATO data for FY-23 reveals that income in the Bondi Junction - Waverly SA2 is among the top percentile nationally, with the median assessed at $71,443 while the average income stands at $131,162. This contrasts to Greater Sydney's figures of a median income of $60,817 and an average income of $83,003. Based on Wage Price Index growth of 8.86% since FY-23, current estimates would be approximately $77,773 (median) and $142,783 (average) as of September 2025. Census data reveals household, family and personal incomes all rank highly in Bondi Junction - Waverly, between the 91st and 95th percentiles nationally. Income brackets indicate the $4000+ bracket dominates with 33.6% of residents (6,552 people), differing from patterns across the surrounding region where $1,500 - 2,999 dominates with 30.9%. A significant 45.1% earn above $3,000 weekly, reflecting pockets of prosperity that drive robust local economic activity. High housing costs consume 20.0% of income, though strong earnings still place disposable income at the 88th percentile and the area's SEIFA income ranking places it in the 10th decile.

Bondi Junction - Waverly features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region

Dwelling structure within Bondi Junction - Waverly, as evaluated at the latest Census, comprised 13.0% houses and 87.0% other dwellings (semi-detached, apartments, 'other' dwellings), in comparison to Sydney metro's 55.9% houses and 44.1% other dwellings. Meanwhile, the level of home ownership within Bondi Junction - Waverly slightly lagged that of Sydney metro, at 27.1%, with the remainder of dwellings either mortgaged (24.1%) or rented (48.8%). The median monthly mortgage repayment in the area was well above the Sydney metro average at $3,500, while the median weekly rent figure was recorded at $652, compared to Sydney metro's $2,427 and $470. Nationally, Bondi Junction - Waverly's mortgage repayments are significantly higher than the Australian average of $1,863, while rents are substantially above the national figure of $375.

Bondi Junction - Waverly features high concentrations of group households and lone person households, with a lower-than-average median household size

Family households dominate at 60.2% of all households, comprising 24.5% couples with children, 27.4% couples without children, and 7.3% single parent families. Non-family households make up the remaining 39.8%, with lone person households at 32.0% and group households comprising 7.9% of the total. The median household size of 2.3 people is smaller than the Greater Sydney average of 2.7.

Bondi Junction - Waverly demonstrates exceptional educational outcomes, ranking among the top 5% of areas nationally based on AreaSearch's comprehensive analysis of qualification and performance metrics

Educational attainment in Bondi Junction - Waverly significantly surpasses broader benchmarks, with 58.6% of residents aged 15+ holding university qualifications compared to 30.4% in Australia and 32.2% in NSW. This substantial educational advantage positions the area strongly for knowledge-based opportunities. Bachelor degrees lead at 39.4%, followed by postgraduate qualifications (15.9%) and graduate diplomas (3.3%). Vocational pathways account for 21.0% of qualifications among those aged 15+, including advanced diplomas (10.1%) and certificates (10.9%).

Educational participation is notably high, with 30.6% of residents currently enrolled in formal education. This includes 8.6% in primary education, 6.9% in secondary education, and 6.8% pursuing tertiary education.

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Public transport analysis reveals 112 active transport stops operating within Bondi Junction - Waverly, comprising a mix of trains and buses. These stops are serviced by 84 individual routes, collectively providing 23,944 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 111 meters from the nearest transport stop. As a primarily residential area, most residents commute outward; the car remains the dominant mode at 47%, with 20% by train and 14% walking. Vehicle ownership averages 0.5 per dwelling, below the regional average. A high 59.3% of residents work from home (2021 Census; may reflect COVID-19 conditions).

Service frequency averages 3,420 trips per day across all routes, equating to approximately 213 weekly trips per individual stop. The accompanying map shows the 100 nearest stops to the location centrepoint.

Bondi Junction - Waverly's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions

Health outcomes data demonstrates outstanding results across Bondi Junction - Waverly, based on AreaSearch's assessment of mortality rates and chronic condition prevalence. Younger cohorts in particular see very low prevalence of common health conditions, and the rate of private health cover is exceptionally high at approximately 82% of the total population (15,892 people). This compares to 59.9% across Greater Sydney and a national average of 55.7%.

The most common medical conditions in the area are asthma and mental health issues, impacting 5.9% and 5.9% of residents, respectively, while 76.9% declared themselves as completely clear of medical ailments compared to 74.6% across Greater Sydney. The area has 16.1% of residents aged 65 and over (3,137 people). Health outcomes among seniors are above average, though they rank lower nationally than the broader population.

Bondi Junction - Waverly was found to be more culturally diverse than the vast majority of local markets in Australia, upon assessment of a range of language and cultural background related metrics

Bondi Junction - Waverly scores highly on cultural diversity, with 25.3% of its population speaking a language other than English at home and 46.6% born overseas. The main religion in Bondi Junction - Waverly is Christianity, which makes up 40.3% of the population. However, the most apparent overrepresentation is in Judaism, which comprises 11.0% of the population, substantially higher than the Greater Sydney average of 0.8%.

In terms of ancestry (country of birth of parents), the top three represented groups in Bondi Junction - Waverly are English, comprising 23.2% of the population, Australian, comprising 15.5% of the population, and Other, comprising 15.1% of the population. Additionally, there are notable divergences in the representation of certain other ethnic groups: Russian is notably overrepresented at 1.7% of the population (vs 0.4% regionally), French at 1.6% (vs 0.5%) and Hungarian at 0.9% (vs 0.3%).

Bondi Junction - Waverly's population is slightly younger than the national pattern

At 36 years, Bondi Junction - Waverly's median age is nearly matching the Greater Sydney average of 37 and is similarly modestly under the Australian median of 38. Relative to Greater Sydney, Bondi Junction - Waverly has a higher concentration of 25 - 34 residents (20.7%) but fewer 5 - 14 year-olds (9.1%). This 25 - 34 concentration is well above the national 14.4%. Since the 2021 Census, the 15 to 24 age group has grown from 9.0% to 11.8% of the population. Conversely, the 25 to 34 cohort has declined from 22.2% to 20.7%. Demographic modeling suggests Bondi Junction - Waverly's age profile will evolve significantly by 2041. The 45 to 54 cohort shows the strongest projected growth at 21%, adding 508 residents to reach 2,930. Meanwhile, the 0 to 4 cohort grows by a modest 0% (0 people).