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

Bondi Junction-Waverley's population was 19,442 as of November 2025. This figure, based on AreaSearch's analysis, shows an increase of 1,722 people since the 2021 Census, which recorded a population of 17,720. The growth is inferred from ABS data: the estimated resident population was 18,893 in June 2024 and there were 589 new addresses validated since the Census date. This results in a population density ratio of 7,715 persons per square kilometer, placing Bondi Junction-Waverley among the top 10% of national locations assessed by AreaSearch. The area's growth rate of 9.7% from 2021 to November 2025 exceeded both its SA3 area (5.8%) and SA4 region, indicating it is a growth leader in the region. Overseas migration contributed approximately 89.2% of overall population gains during this period.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by this data, NSW State Government's SA2 level projections from 2022 with a base year of 2021 are used. Growth rates by age group are applied to all areas for years 2032 to 2041. Based on these projections, Bondi Junction-Waverley is expected to have an above median population growth nationally, increasing by 3,208 persons to reach a total of 22,650 by 2041, reflecting a 13.7% increase over the 17-year period.

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

Bondi Junction-Waverly averaged approximately 105 new dwelling approvals annually over the past five financial years, totalling 527 homes. In FY-26 so far, three approvals have been recorded. On average, one person has moved to the area each year for every dwelling built between FY-21 and FY-25, indicating balanced supply and demand with stable market conditions. The average construction value of new properties was $691,000, suggesting a focus on premium developments.

This financial year, $59.7 million in commercial approvals have been registered, demonstrating strong commercial development momentum. Compared to Greater Sydney, Bondi Junction-Waverly shows 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 around 762 people per approval, Bondi Junction-Waverly is a mature, established area. By 2041, it is projected to grow by 2,659 residents according to the latest AreaSearch quarterly estimate.

Given current development patterns, new housing supply should readily meet demand, providing 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

Changes to local infrastructure significantly impact an area's performance. AreaSearch has identified 25 projects likely affecting the region. Notable initiatives include Mixed-Use Development with Affordable Housing at 362-384 Oxford Street, Bondi Junction; Origami Bondi Junction; Signature Build-to-Rent Precinct (362-384 Oxford Street); and Bondi Junction Vision and Master Plan.

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

Bondi Junction - Waverly has an educated workforce, with the technology sector prominent. Its unemployment rate was 3.5% in September 2025, below Greater Sydney's 4.2%. Employment growth over the past year was estimated at 3.1%.

As of September 2025, 11,968 residents were employed, with a workforce participation rate of 76.1%, higher than Greater Sydney's 70.0%. A significant 59.3% of residents worked from home, potentially influenced by Covid-19 lockdowns. Employment is concentrated in professional & technical (1.6 times the regional level), finance & insurance, and health care & social assistance sectors. Retail trade is under-represented at 6.1%, compared to Greater Sydney's 9.3%.

The worker-to-resident ratio was 0.8 at the Census, indicating substantial local employment opportunities. Between September 2024 and September 2025, employment increased by 3.1% while labour force rose by 3.2%, leading to a slight unemployment increase of 0.1 percentage points. In comparison, Greater Sydney saw employment growth of 2.1%, labour force growth of 2.4%, and an unemployment rise of 0.2 percentage points. Jobs and Skills Australia's national employment forecasts from May-25 project overall employment growth of 6.6% over five years and 13.7% over ten years. Applying these 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, though these are simple extrapolations for illustrative purposes and do not account for localised population projections.

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

The Bondi Junction - Waverly SA2 had a median taxpayer income of $71,443 and an average income of $131,162 in the latest postcode level ATO data aggregated by AreaSearch for financial year 2023. This is notably higher than Greater Sydney's median income of $60,817 and average income of $83,003. By September 2025, estimates based on Wage Price Index growth of 8.86% suggest the median income would be approximately $77,773 and the average income around $142,783. In the 2021 Census, household, family, and personal incomes in Bondi Junction - Waverly ranked highly nationally, between the 91st and 95th percentiles. The largest segment of residents earned $4,000 or more weekly, with 33.6% (6,532 residents) falling into this category, differing from regional patterns 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, yet strong earnings placed disposable income at the 88th percentile nationally. 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

In Bondi Junction - Waverly, as per the latest Census evaluation, 13.0% of dwellings were houses while 87.0% consisted of other types such as semi-detached homes, apartments, and 'other' dwellings. This is in contrast to Sydney metropolitan areas which had 55.9% houses and 44.1% other dwellings. Home ownership in Bondi Junction - Waverly was at 27.1%, with mortgaged dwellings at 24.1% and rented ones at 48.8%. The median monthly mortgage repayment in the area was $3,500, higher than Sydney's average of $2,427. Weekly rent in Bondi Junction - Waverly was recorded at $652, compared to Sydney's $470 and Australia's national figure of $375 for rents. Nationally, mortgage repayments were significantly lower at $1,863.

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

Family households account for 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 constitute 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, which 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 is notably higher than national averages. As of 2016, 58.6% of residents aged 15 and above held university qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees were the most common at 39.4%, followed by postgraduate qualifications (15.9%) and graduate diplomas (3.3%). Vocational pathways accounted for 21.0% of qualifications, with advanced diplomas at 10.1% and certificates at 10.9%.

Educational participation was high, with 30.6% of residents enrolled in formal education as of 2017. This included 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

Bondi Junction - Waverly has 112 active public transport stops offering a mix of train and bus services. These stops are served by 84 individual routes, facilitating 23,944 weekly passenger trips collectively. Transport accessibility is rated excellent with residents typically located 111 meters from the nearest stop. As a primarily residential area, most commutes are outward-bound. Car remains the dominant mode at 47%, followed by train at 20% and walking at 14%. Vehicle ownership averages 0.5 per dwelling, below the regional average.

According to the 2021 Census, 59.3% of residents work from home, possibly due to COVID-19 conditions. Service frequency averages 3,420 trips daily across all routes, equating to approximately 213 weekly trips per stop. The accompanying map displays the 100 nearest stops to the location's 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

AreaSearch's assessment of Bondi Junction - Waverly shows excellent health outcomes. Mortality rates and chronic condition prevalence are low, particularly in younger cohorts. Private health cover is exceptionally high at 82%, compared to 59.9% in Greater Sydney and a national average of 55.7%.

The most prevalent conditions are asthma (5.9%) and mental health issues (5.9%), with 76.9% reporting no medical ailments, higher than Greater Sydney's 74.6%. The area has 15.7% residents aged 65 and over (3,042 people). Senior health outcomes are above average but rank lower nationally compared to 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-Waverley 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. The dominant religion is Christianity, making up 40.3% of the population. However, Judaism is significantly overrepresented, comprising 11.0%, compared to the Greater Sydney average of 0.8%.

Regarding ancestry, the top three groups are English (23.2%), Australian (15.5%), and Other (15.1%). Notably, Russian (1.7% vs regional 0.4%), French (1.6% vs 0.5%), and Hungarian (0.9% vs 0.3%) ethnicities are overrepresented in Bondi Junction-Waverley compared to the Greater Sydney region.

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

Bondi Junction-Waverley has a median age of 36 years, which is nearly equal to Greater Sydney's average of 37 years and slightly below the Australian median of 38 years. Compared to Greater Sydney, Bondi Junction-Waverley has a higher percentage 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%. According to the 2021 Census, the percentage of residents aged 15-24 has increased from 9.0% to 11.5%, while the percentage of residents aged 5-14 has decreased from 9.9% to 9.2%. By 2041, demographic modeling projects significant changes in Bondi Junction-Waverley's age profile. The 75-84 age group is expected to grow by 47%, adding 531 residents to reach a total of 1,675. Residents aged 65 and above will drive 52% of population growth, indicating a trend towards an aging demographic. The 0-4 age group is projected to have minimal growth, with only 1 resident added.