Silverwater (Parramatta - NSW)

An assessment of population growth drivers in Silverwater reveals an overall ranking slightly below national averages considering recent, and medium term trends

As of November 2025, AreaSearch estimates the population of the Silverwater (Parramatta - NSW) statistical area (Lv2) to be around 3,622 people. This estimate reflects a growth of 22 individuals since the 2021 Census, which reported a population of 3,600. The estimated resident population as of June 2024 was 3,615, with an additional 12 validated new addresses contributing to this increase. This results in a population density ratio of 1,341 persons per square kilometer, exceeding the average seen across national locations assessed by AreaSearch. Overseas migration accounted for approximately 70% of overall population gains during recent periods.

AreaSearch's projections for the Silverwater (Parramatta - NSW) (SA2) are based on ABS/Geoscience Australia projections released in 2024, using 2022 as the base year. For areas not covered by this data, AreaSearch uses projections from the NSW State Government at the SA2 level, released in 2022 with a 2021 base year. Growth rates by age group are applied to all areas for years 2032 to 2041. By 2041, it is projected that the Silverwater (Parramatta - NSW) (SA2) population will increase by approximately 303 persons, reflecting a growth rate of just below the median for national areas over this period. This represents an overall increase of 6.7% in total population from 2025 to 2041.

The level of residential development activity in Silverwater is very low in comparison to the average area assessed nationally by AreaSearch

Silverwater has seen approximately 2 dwelling approvals annually since FY17-18 based on AreaSearch analysis of ABS data. This totals around 10 dwellings over the past five financial years. In FY26, 3 approvals have been recorded so far. The population has decreased during this period, suggesting demand is being met by new supply.

Dwellings are developed at an average cost of $556,000, indicating a focus on premium properties. This year, $71,000 in commercial approvals have been registered, showing a predominantly residential focus compared to Greater Sydney where building activity is 94.0% higher per person on average. Silverwater's lower construction levels typically support demand and pricing for existing homes but recent activity has increased. Nationally, Silverwater's development level is also lower, suggesting market maturity and potential constraints. Recent developments have been exclusively townhouses or apartments, offering more affordable entry points and suiting downsizers, investors, and first-home buyers. This shift from the area's current 31.0% houses reflects decreasing developable sites and changing lifestyles. With around 783 people per dwelling approval, Silverwater shows a highly mature market.

By 2041, AreaSearch estimates Silverwater's population will grow by 243 residents. If construction levels remain constant, housing supply may lag behind population growth, potentially intensifying buyer competition and supporting price growth.

Silverwater 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 18 projects likely to affect the region. Notable ones include Parramatta Light Rail Stage 2, Club Ryde Ex Mixed Use Development, 287-295 Victoria Road Development, and Newington Reserve Upgrade. The following list details those most relevant.

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

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Silverwater has seen below average employment performance when compared to national benchmarks

Silverwater has an educated workforce with strong professional services representation. Its unemployment rate is 3.9%.

Over the past year, estimated employment growth was 3.7%. As of September 2025, 1,405 residents are employed while the unemployment rate is 0.3% lower than Greater Sydney's rate of 4.2%. Workforce participation lags significantly at 36.3%, compared to Greater Sydney's 60.0%. Key industries for employment among residents are health care & social assistance, retail trade, and construction.

The area has a high specialization in other services, with an employment share 1.6 times the regional level. Professional & technical employs only 8.3% of local workers, below Greater Sydney's 11.5%. There are 2.2 workers for every resident, indicating Silverwater functions as an employment hub hosting more jobs than residents and attracting workers from surrounding areas. During the year to September 2025, employment levels increased by 3.7% and labour force increased by 3.3%, resulting in a 0.3 percentage point decrease in unemployment. This compares to Greater Sydney where employment grew by 2.1%, labour force expanded by 2.4%, and unemployment rose by 0.2 percentage points. State-level data to 25-Nov shows NSW employment contracted by 0.03% (losing 2,260 jobs), with the state unemployment rate at 3.9%. National employment forecasts from May-25 suggest national employment will expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Silverwater's employment mix suggests local employment should increase by 6.6% over five years and 13.6% over ten years, though this is a simple weighting extrapolation for illustrative purposes and does not account for localised population projections.

Income levels sit below national averages according to AreaSearch assessment

According to AreaSearch's aggregation of ATO data released in financial year 2023, Silverwater had a median taxpayer income of $48,116 and an average income of $57,386. These figures are lower than the national averages of $60,817 and $83,003 for Greater Sydney respectively. Based on Wage Price Index growth of 8.86% since financial year 2023, estimated median and average incomes in Silverwater by September 2025 would be approximately $52,379 and $62,470. According to the 2021 Census, incomes in Silverwater cluster around the 58th percentile nationally. Income distribution shows that 39.1% of locals (1,416 people) fall into the $1,500 - 2,999 category, similar to the surrounding region at 30.9%. Housing costs consume 21.7% of income, but strong earnings place disposable income at the 50th percentile.

Silverwater features a more urban dwelling mix with significant apartment living, with ownership patterns similar to the broader region

Silverwater's dwelling structures, as per the latest Census, consisted of 30.6% houses and 69.4% other dwellings. In comparison, Sydney metro had 33.5% houses and 66.5% other dwellings. Home ownership in Silverwater was at 13.5%, with mortgaged dwellings at 36.5% and rented ones at 50.0%. The median monthly mortgage repayment in Silverwater was $2,167, aligning with Sydney metro's average. The median weekly rent figure in Silverwater was $450, compared to Sydney metro's $470. Nationally, Silverwater's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Silverwater features high concentrations of group households, with a lower-than-average median household size

Family households comprise 72.4% of all households, including 37.0% couples with children, 24.0% couples without children, and 10.4% single parent families. Non-family households account for the remaining 27.6%, with lone person households at 23.1% and group households comprising 4.3%. The median household size is 2.7 people, which is smaller than the Greater Sydney average of 2.8.

Silverwater 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 Silverwater is notably high. As of a recent study, 45.7% of residents aged 15 and above hold university qualifications, surpassing the national average of 30.4% and the NSW average of 32.2%. This indicates a significant educational advantage for the area, positioning it well for knowledge-based opportunities. Bachelor degrees are most prevalent at 30.3%, followed by postgraduate qualifications (12.4%) and graduate diplomas (3.0%).

Vocational credentials are also prominent, with 34.5% of residents aged 15 and above holding such qualifications – advanced diplomas account for 15.6% and certificates for 18.9%. Educational participation is high in Silverwater, with 57.3% of residents currently enrolled in formal education. This includes 19.3% in primary education, 11.2% in tertiary education, and 11.0% pursuing secondary education.

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

The analysis of public transport in Silverwater shows that there are currently 34 active transport stops operating. These stops serve a mix of bus routes, with three individual routes providing service. Together, these routes facilitate 605 weekly passenger trips.

The accessibility of transport in Silverwater is rated as excellent, with residents typically located just 177 meters from the nearest transport stop. On average, there are 86 trips per day across all routes, which equates to approximately 17 weekly trips per individual stop.

Silverwater's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Silverwater demonstrates excellent health outcomes with very low prevalence of common health conditions across all age groups. Approximately 50% (~1,799 people) have private health cover, lower than the national average of 55.7%.

The most prevalent medical conditions are asthma (5.6%) and mental health issues (4%). 80.9% of residents report no medical ailments, compared to 83.5% in Greater Sydney. Only 6.9% (249 people) are aged 65 and over, lower than the 11.1% in Greater Sydney. Seniors' health outcomes align with the general population's profile.

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

Silverwater has a high level of cultural diversity, with 42.3% of its population born overseas and 66.0% speaking a language other than English at home. Christianity is the predominant religion in Silverwater, making up 46.4% of people, while Islam comprises 22.0%, which is higher than the Greater Sydney average of 23.4%. In terms of ancestry, the top three groups are Other (20.1%), Korean (17.7%), and Chinese (11.1%).

Notably, Lebanese (6.6%) and Hungarian (0.5%) are overrepresented compared to regional averages, while Samoan (1.1%) is also notably higher than the regional average of 0.2%.

Silverwater's population is younger than the national pattern

Silverwater's median age in 2021 was 36 years, nearly matching Greater Sydney's average of 37 years, which is modestly under the Australian median of 38 years. Compared to Greater Sydney, Silverwater had a higher concentration of residents aged 25-34 (24.0%), but fewer residents aged 65-74 (3.3%). This 25-34 concentration was well above the national average of 14.5%. Between the 2016 and 2021 censuses, Silverwater's population aged 55 to 64 grew from 7.2% to 9.0%, while the 75 to 84 cohort increased from 1.5% to 2.8%. Conversely, the 35 to 44 cohort declined from 24.5% to 23.2%, and the 25 to 34 group dropped from 25.1% to 24.0%. By 2041, demographic modeling suggests Silverwater's age profile will evolve significantly. The 45 to 54 cohort is projected to grow by 74%, adding 383 residents to reach a total of 905. In contrast, both the 0 to 4 and 5 to 14 age groups are expected to see reduced numbers.