Bondi Junction - Waverly
Statistical Area - sa2

Population growth drivers in Bondi Junction - Waverly are strong compared to national averages based on AreaSearch's ranking of recent, and medium to long-term trends

Bondi Junction - Waverly's population is around 18,721 as of Aug 2025. This reflects an increase of 1,001 people since the 2021 Census, which reported a population of 17,720 people. The change was inferred from the estimated resident population of 18,893 from the ABS as of June 2024 and an additional 381 validated new addresses since the Census date. This level of population equates to a density ratio of 7,429 persons per square kilometer, placing Bondi Junction - Waverly in the top 10% of national locations assessed by AreaSearch. The area's growth of 5.6% since the 2021 census exceeded the SA3 area's growth rate of 4.9%. Overseas migration contributed approximately 89.2% of overall population gains during recent periods, driving the primary population growth in Bondi Junction - Waverly.

AreaSearch adopts ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch uses NSW State Government's SA2 level projections, released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. Based on projected demographic shifts, Bondi Junction - Waverly is expected to have an above median population growth, increasing by 3,208 persons to 2041 with an overall increase of 18.1% over the 17 years.

AreaSearch assessment of residential development activity positions Bondi Junction - Waverly among the top 25% of areas assessed nationwide

Bondi Junction-Waverly averaged around 105 new dwelling approvals annually over the past five financial years, totalling 527 homes. As of FY-26, no approvals have been recorded yet. On average, one person moved to the area per year for each dwelling built between FY-21 and FY-25, indicating balanced supply and demand with stable market conditions. The average construction cost value of new properties was $777,000, suggesting a focus on premium developments.

This financial year has seen $59.7 million in commercial approvals, demonstrating strong commercial development momentum. Compared to Greater Sydney, Bondi Junction-Waverly exhibits 100.0% higher development activity per person, offering buyers greater choice. New development consists of 3.0% detached dwellings and 97.0% attached dwellings, promoting higher-density living which creates more affordable entry points for downsizers, investors, and first-home buyers. With approximately 762 people per approval, Bondi Junction-Waverly shows a mature, established area. By 2041, the population is expected to grow by 3,380 residents, with building activity keeping pace with growth projections despite potential increased competition among buyers.

Looking ahead, Bondi Junction - Waverly is expected to grow by 3,380 residents through to 2041. Building activity is keeping pace with growth projections, though buyers may experience heightened competition as the population grows.

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

Between 1990 and 2025, AreaSearch has identified twenty-three projects that could significantly impact the area's performance due to changes in local infrastructure and planning initiatives. Among these key projects are The Bond Bondi Junction Mixed-Use Development with Affordable Housing, located at 362-384 Oxford Street, Bondi Junction, Origami Bondi Junction, and The Centennial Collection. The following list details those projects most likely to be relevant.

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

The employment environment in Bondi Junction - Waverly shows above-average strength when compared nationally

Bondi Junction - Waverly has an educated workforce with a notable representation in the technology sector. As of June 2025, its unemployment rate is 3.4%.

Over the past year, estimated employment growth was 2.4%. In June 2025, 12,009 residents were employed, with an unemployment rate of 3.6%, below Greater Sydney's rate of 4.2%. Workforce participation in Bondi Junction - Waverly is high at 65.5%. Key employment sectors include professional & technical, finance & insurance, and health care & social assistance.

Professional & technical jobs are particularly prevalent, with an employment share 1.6 times the regional level. Retail trade, however, is under-represented at 6.1% compared to Greater Sydney's 9.3%. The area has a high worker-to-resident ratio of 0.8, indicating strong local employment opportunities. Between June 2024 and June 2025, employment increased by 2.4%, while labour force grew by the same percentage, with unemployment remaining stable at around 3.6%. In contrast, Greater Sydney saw employment growth of 2.6% and a slight increase in unemployment to 4.5%. State-level data from Sep-25 shows NSW experienced a 0.41% contraction in employment (losing 19,270 jobs), with an unemployment rate of 4.3%, slightly lower than the national rate of 4.5%. Jobs and Skills Australia's national employment forecasts for Bondi Junction - Waverly project growth rates of approximately 7.5% over five years and 14.8% over ten years, based on industry-specific projections applied to the local employment mix.

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

Bondi Junction - Waverly had a median taxpayer income of $70,155 and an average of $130,666 in financial year 2022, according to postcode level ATO data aggregated by AreaSearch. This is significantly higher than Greater Sydney's median income of $56,994 and average income of $80,856. By March 2025, based on a 10.6% increase since financial year 2022 using the Wage Price Index, these figures are estimated to be approximately $77,591 (median) and $144,517 (average). The 2021 Census showed household, family, and personal incomes in Bondi Junction - Waverly ranked between the 92nd and 96th percentiles nationally. Income distribution data indicated that the largest segment was 33.6% earning $4000+ weekly (6,290 residents), contrasting with the regional pattern where $1,500 - 2,999 dominated at 30.9%. Economic strength was evident with 45.1% of households achieving high weekly earnings exceeding $3,000, supporting elevated consumer spending. High housing costs consumed 20.0% of income, but strong earnings still placed disposable income at the 88th percentile. The area's SEIFA income ranking placed 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

The dwelling structure in Bondi Junction - Waverly, as per the latest Census, consisted of 13.0% houses and 87.0% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 18.3% houses and 81.8% other dwellings. Home ownership in Bondi Junction - Waverly was at 27.1%, with mortgaged dwellings at 24.1% and rented dwellings at 48.8%. The median monthly mortgage repayment was $3,500, below Sydney metro's $3,600. The median weekly rent was $652, compared to Sydney metro's $670. Nationally, Bondi Junction - Waverly's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Bondi Junction - Waverly features high concentrations of group households and lone person households, with a fairly typical median household size

Family households comprise 60.2% of all households, including 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%. The median household size is 2.3 people, matching the Greater Sydney average.

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 is high, with 58.6% of residents aged 15+ holding university qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees are most common at 39.4%, followed by postgraduate qualifications (15.9%) and graduate diplomas (3.3%). Vocational pathways account for 21.0%. Educational participation is high, with 30.6% of residents currently enrolled: 8.6% in primary, 6.9% in secondary, and 6.8% in tertiary education.

There are eight schools serving approximately 5,438 students in Bondi Junction-Waverly, with an ICSEA score of 1144. The area has three primary, three secondary, and two K-12 schools, functioning as an education hub with 29.1 school places per 100 residents.

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

Transport analysis indicates 87 active stops operating in Bondi Junction - Waverly, offering train and bus services. These stops are served by 84 individual routes, collectively facilitating 16,353 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 112 meters from the nearest stop.

Service frequency averages 2,336 trips per day across all routes, equating to approximately 187 weekly trips per stop.

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 for Bondi Junction - Waverly shows excellent results, with younger cohorts having a very low prevalence of common health conditions. The rate of private health cover is exceptionally high at approximately 81% of the total population (15,201 people), compared to 89.7% across Greater Sydney and the national average of 55.3%. The most prevalent medical conditions in the area are asthma and mental health issues, affecting 5.9% and 5.9% of residents respectively.

A total of 76.9% of residents report being completely clear of medical ailments, compared to 77.6% across Greater Sydney. The area has 15.7% of residents aged 65 and over (2,929 people), with health outcomes among seniors requiring more attention than the broader population.

Bondi Junction - Waverly is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Bondi Junction-Waverly has a high level of cultural diversity, with 25.3% of its population speaking a language other than English at home and 46.6% born overseas. Christianity is the dominant religion in Bondi Junction-Waverly, making up 40.3% of the population. However, Judaism is notably underrepresented compared to Greater Sydney's average, comprising only 11.0%.

The top three ancestry groups are English (23.2%), Australian (15.5%), and Other (15.1%). There are also notable differences in the representation of certain ethnic groups: Russian (1.7% vs regional 1.6%), French (1.6% vs regional 1.5%), and Spanish (1.2% vs regional 1.0%) are overrepresented.

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

Bondi Junction-Waverly's median age is nearly 36 years, close to Greater Sydney's average of 37 and slightly below Australia's median of 38. Compared to Greater Sydney, Bondi Junction-Waverly has a higher proportion of residents aged 25-34 (21.5%), but fewer residents aged 5-14 (9.2%). This concentration of 25-34 year-olds is significantly higher than the national average of 14.5%. Between the 2021 Census and now, the proportion of residents aged 15-24 has increased from 9.0% to 11.5%, while the proportion of those aged 5-14 has decreased from 9.9% to 9.2%. By 2041, demographic modeling suggests significant changes in Bondi Junction-Waverly's age profile. The 45-54 age group is projected to grow by 26%, adding 610 residents to reach a total of 2,930. Meanwhile, the 0-4 age group is expected to grow by a modest 4%, an increase of 34 people.