Waverton

Waverton is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends

As of Nov 2025, Waverton's population is estimated at around 3,129 people. This reflects an increase of 148 people since the 2021 Census, which reported a population of 2,981 people. The change is inferred from AreaSearch's estimation of the resident population at 3,119 following examination of the latest ERP data release by ABS in June 2024 and an additional 14 validated new addresses since the Census date. This level of population equates to a density ratio of 4,470 persons per square kilometer, placing Waverton in the top 10% of national locations assessed by AreaSearch. Over the past decade, Waverton has demonstrated resilient growth patterns with a compound annual growth rate of 0.4%, outpacing its SA3 area. Overseas migration contributed approximately 69.0% of overall population gains during recent periods.

For future projections, AreaSearch is adopting 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 utilises 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 aggregated SA2-level projections, Waverton is expected to expand by 318 persons to 2041, reflecting an increase of 11.2% in total over the 17 years.

Residential development activity is lower than average in Waverton according to AreaSearch's national comparison of local real estate markets

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Waverton has experienced around 8 dwellings receiving development approval each year. An estimated 42 homes have been approved over the past five financial years, between FY-21 and FY-25, with an additional 2 approved so far in FY-26. On average, 0.9 people moved to the area for each dwelling built over these five years, indicating that supply has met or exceeded demand, providing greater buyer choice while supporting potential population growth above projections.

New properties are constructed at an average value of $895,000, demonstrating a focus on the premium segment with upmarket properties. In FY-26, $33.1 million in commercial approvals have been registered, indicating strong commercial development momentum. Compared to Greater Sydney, Waverton records somewhat elevated construction, at 30.0% above the regional average per person over the five-year period, while maintaining good buyer choice and supporting existing property values. This is also below average nationally, reflecting the area's maturity and possible planning constraints. Recent development has been entirely comprised of townhouses or apartments, marking a significant departure from existing housing patterns (currently 18.0% houses), suggesting diminishing developable land availability and responding to evolving lifestyle preferences and housing affordability needs. At around 285 people per approval, Waverton reflects a low density area.

Future projections show Waverton adding 351 residents by 2041, based on the latest AreaSearch quarterly estimate. Should current construction levels persist, housing supply could lag population growth, likely intensifying buyer competition and underpinning price growth.

Waverton has very high levels of nearby infrastructure activity, ranking in the top 10% nationally

Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 26 projects likely impacting the area. Notable projects include Western Harbour Tunnel and Warringah Freeway Upgrade, Waverton Peninsula Strategic Masterplan, Broughton Street Residential Development, and The Arc Waverton. Below is a list of most relevant projects.

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.

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

Waverton's workforce is highly educated with notable representation in the technology sector. Its unemployment rate, as of June 2025, was 4.4%, according to AreaSearch data aggregation.

In Waverton, 1,949 residents were employed while its unemployment rate was 0.2% higher than Greater Sydney's rate of 4.2%. Workforce participation in Waverton was 68.8%, compared to Greater Sydney's 60.0%. The leading employment industries among residents were professional & technical, health care & social assistance, and finance & insurance. Waverton had a particular specialization in professional & technical jobs, with an employment share of 2.0 times the regional level.

However, construction was under-represented, with only 4.0% of Waverton's workforce compared to Greater Sydney's 8.6%. While local employment opportunities exist, many residents commute elsewhere for work based on Census data. Between June 2024 and June 2025, the labour force decreased by 0.5%, and employment declined by 2.0% in Waverton, resulting in a rise of 1.5 percentage points in unemployment rate. In contrast, Greater Sydney saw employment grow by 2.6%, labour force increase by 2.9%, and unemployment rise by 0.3 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from Sep-22 project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Waverton's employment mix suggests local employment should increase by 7.8% over five years and 15.3% over ten years, based on a simple weighting extrapolation for illustrative purposes.

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

According to AreaSearch's aggregation of ATO data released in financial year 2022, Waverton had a median income among taxpayers of $78,586 and an average income of $119,912. Nationally, these figures place Waverton in the top percentile. In Greater Sydney, the median income was $56,994 and the average was $80,856. Based on a 12.61% growth in wages since financial year 2022, estimated incomes for September 2025 would be approximately $88,496 (median) and $135,033 (average). Census data from 2021 shows that Waverton's household, family, and personal incomes rank between the 95th and 97th percentiles nationally. Income distribution in Waverton is notable for its high earners; 35.4% of individuals earn over $4,000 weekly, compared to the metropolitan region where earnings of $1,500 - $2,999 dominate at 30.9%. This prosperity results in strong disposable income rankings and places Waverton in the 10th decile for SEIFA income ranking.

Waverton features a more urban dwelling mix with significant apartment living, with above-average rates of outright home ownership

The dwelling structure in Waverton, as per the latest Census, consisted of 17.7% houses and 82.3% other dwellings (semi-detached, apartments, 'other' dwellings). This compared to Sydney metro's 17.9% houses and 82.1% other dwellings. Home ownership in Waverton stood at 33.9%, with mortgaged dwellings at 18.0% and rented ones at 48.0%. The median monthly mortgage repayment was $3,053, below the Sydney metro average of $3,085. The median weekly rent figure was recorded at $600, compared to Sydney metro's $582. Nationally, Waverton's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Waverton features high concentrations of group households and lone person households, with a fairly typical median household size

Family households constitute 61.4% of all households, including 21.7% couples with children, 32.2% couples without children, and 6.3% single parent families. Non-family households account for the remaining 38.6%, with lone person households at 31.0% and group households comprising 7.8%. The median household size is 2.1 people, which aligns with the Greater Sydney average.

Educational achievement in Waverton places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Educational attainment in Waverton is notably higher than broader averages. 68.3% of residents aged 15+ hold university qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees are the most common at 41.1%, followed by postgraduate qualifications (21.8%) and graduate diplomas (5.4%). Vocational pathways account for 15.6% of qualifications, with advanced diplomas at 8.5% and certificates at 7.1%.

A significant 23.2% of the population is currently pursuing formal education. This includes 7.9% in tertiary education, 6.0% in primary education, and 4.0% in secondary education. Educational facilities seem to be located outside Waverton's immediate boundaries, necessitating families to access schools in neighboring areas.

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

Waverton has 11 operational public transport stops offering a mix of train and bus services. These stops are served by 25 unique routes facilitating 6,809 weekly passenger trips in total. Residents enjoy excellent transport accessibility with an average distance of 135 meters to the nearest stop.

The service frequency stands at 972 daily trips across all routes, translating to approximately 619 weekly trips per individual stop.

Waverton's residents are extremely healthy with very low prevalence of common health conditions across all age groups

Analysis of health metrics shows strong performance throughout Waverton with very low prevalence of common health conditions across all age groups. The rate of private health cover is exceptionally high at approximately 74% of the total population (2,319 people), compared to 86.4% across Greater Sydney and a national average of 55.3%. The most common medical conditions in the area are asthma and mental health issues, impacting 7.2 and 6.7% of residents respectively, while 74.3% declare themselves completely clear of medical ailments compared to 75.2% across Greater Sydney.

As of 2021, the area has 20.2% of residents aged 65 and over (632 people). Health outcomes among seniors are particularly strong, performing even better than the general population in health metrics.

Waverton 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

Waverton's population was found to have a higher cultural diversity compared to most local markets, with 23.1% speaking a language other than English at home and 38.5% born overseas. Christianity is the predominant religion in Waverton, accounting for 40.8% of its population. Notably, Judaism is overrepresented in Waverton at 0.8%, compared to 1.0% across Greater Sydney.

In terms of ancestry, the top three groups are English (24.3%), Australian (17.6%), and Other (10.3%). Some ethnic groups show significant differences: French is overrepresented at 1.3% in Waverton (compared to 1.1% regionally), Welsh at 1.0% (vs 0.7%), and Hungarian at 0.6% (vs 0.4%).

Waverton's population is slightly older than the national pattern

The median age in Waverton is 39 years, which is higher than Greater Sydney's average of 37 years and close to the national average of 38 years. The 25-34 age cohort is over-represented at 20.9% locally compared to Greater Sydney's average, while the 5-14 age group is under-represented at 7.0%. This concentration of the 25-34 cohort is higher than the national average of 14.5%. Post-Census data from 2021 shows that the 75 to 84 age group has increased from 6.5% to 7.7% of the population, while the 35 to 44 cohort has declined from 15.8% to 14.6%. Population forecasts for 2041 indicate significant demographic changes in Waverton. The 75 to 84 age group is expected to grow by 55%, reaching 373 people from 240. Residents aged 65 and older will represent 73% of the anticipated population growth, while the 25-34 and 0-4 age cohorts are expected to experience population declines.