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 May 2026, the estimated population of the suburb of Waverton is around 3,159. This figure represents an increase of 178 people since the 2021 Census, which reported a population of 2,981. The latest resident population estimate by AreaSearch, based on ERP data released by the ABS in June 2025 and validated new addresses, is 3,146. This results in a population density ratio of 4,512 persons per square kilometer, placing Waverton in the top 10% of national locations assessed by AreaSearch. The suburb's growth rate of 6.0% since the 2021 Census exceeded the SA4 region's growth rate of 5.9%. Overseas migration contributed approximately 69.0% to Waverton's overall population gains during recent periods.

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, released in 2022 with a base year of 2021, are utilized. Growth rates by age group from these aggregations are applied to all areas for the years 2032 to 2041. Based on aggregated SA2-level projections, the suburb of Waverton is expected to increase its population by 268 persons to reach a total of 3,427 by the year 2041. This anticipated growth reflects an increase of 8.1% over the 16-year period.

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

AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, shows Waverton has experienced around 12 dwellings receiving development approval each year. Over the past five financial years, between FY-21 and FY-25, approximately 61 homes were approved, with a further 3 approved so far in FY-26.

Despite population decline over recent years, development activity has been adequate relative to population changes. New properties are constructed at an average expected construction cost value of $895,000, indicating a focus on the premium segment with upmarket properties. Compared to Greater Sydney, Waverton shows 90.0% higher new home approvals per person, offering buyers greater choice. Recent development has been entirely comprised of townhouses or apartments, creating more affordable entry points and suiting downsizers, investors, and first-home buyers. This represents a shift from the area's existing housing composition, currently 18.0% houses. The location has approximately 174 people per dwelling approval, indicating a low density market.

Population forecasts indicate Waverton will gain 255 residents through to 2041, based on AreaSearch's latest quarterly estimate. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Waverton 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 to affect the region. Notable initiatives include Western Harbour Tunnel, Warringah Freeway Upgrade, Waverton Peninsula Strategic Masterplan (Berrys Bay), 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.

The labour market in Waverton demonstrates typical performance when compared to similar areas across Australia

Waverton has a highly educated workforce, notably in the technology sector. Its unemployment rate is 4.0%. Over the past year, it maintained relative employment stability.

As of December 2025, 1,921 residents are employed, with an unemployment rate of 3.7% compared to Greater Sydney's 4.2%. Workforce participation in Waverton is 71.8%, slightly higher than Greater Sydney's 68.8%. According to Census data, 69.2% of residents work from home, potentially influenced by Covid-19 lockdowns. Leading employment industries are professional & technical (200% of regional average), health care & social assistance, and finance & insurance.

Construction employs only 4.0% of local workers, below Greater Sydney's 8.6%. Many residents commute elsewhere for work. Between December 2024 and November 2025, employment remained stable (0.0%), while labour force increased by 0.7%, leading to a rise in unemployment rate by 0.6 percentage points. In contrast, Greater Sydney saw employment growth of 2.2% and labour force growth of 2.3%. National employment forecasts from Jobs and Skills Australia project national employment growth at 6.6% over five years (May-25 to May-30) and 13.7% over ten years (May-25 to May-35). 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, though this is a simple weighting extrapolation for illustrative purposes only.

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 for financial year 2023, Waverton had a median income among taxpayers of $78,586 and an average level of $119,912. Nationally, these figures place Waverton in the top percentile. In Greater Sydney, the median was $60,817 and the average was $83,003. Based on a 10.32% increase since financial year 2023 using the Wage Price Index, current estimates for Waverton are approximately $86,696 (median) and $132,287 (average) as of March 2026. According to the 2021 Census, household, family, and personal incomes in Waverton rank highly nationally, between the 95th and 97th percentiles. The largest income bracket comprises 35.4% earning $4000+ weekly (1,118 residents), differing from regional levels where the $1,500 - 2,999 category is predominant at 30.9%. A substantial presence of higher earners, with 48.5% exceeding $3,000 weekly, indicates strong purchasing power within the community. Housing accounts for 14.4% of income, and residents rank in the 95th percentile for disposable income. The area's SEIFA income ranking places it in the 10th decile.

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

Waverton's dwelling structure, as per the latest Census, consisted of 17.7% houses and 82.3% other dwellings (semi-detached, apartments, 'other' dwellings). In comparison, Sydney metro had 55.9% houses and 44.1% other dwellings. Home ownership in Waverton was at 33.9%, with the rest being mortgaged (18.0%) or rented (48.0%). The median monthly mortgage repayment in Waverton was $3,053, higher than Sydney metro's average of $2,427. Median weekly rent in Waverton was $600, compared to Sydney metro's $470. Nationally, Waverton's mortgage repayments were significantly higher than the Australian average of $1,863, and rents were substantially above the national figure of $375.

Waverton features high concentrations of group households and lone person households, with a lower-than-average 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 comprise the remaining 38.6%, with lone person households at 31.0% and group households making up 7.8%. The median household size is 2.1 people, which is smaller than the Greater Sydney average of 2.7.

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

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

Currently, 23.2% of the population is actively pursuing formal education, including 7.9% in tertiary, 6.0% in primary, and 4.0% in secondary education.

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

Public transport analysis indicates 14 active stops operating within Waverton. These comprise a mix of train and bus services, with 25 individual routes providing 7,990 weekly passenger trips in total. Transport accessibility is rated excellent, with residents typically located 134 meters from the nearest stop. As a primarily residential area, most commutes are outward-bound. Car remains the dominant mode at 49%, followed by train at 28% and walking at 14%. Vehicle ownership averages 0.6 per dwelling, below the regional average.

According to the 2021 Census, 69.2% of residents work from home, which may reflect COVID-19 conditions. Service frequency averages 1,141 trips per day across all routes, equating to approximately 570 weekly trips per individual stop.

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

Waverton's health outcomes show excellent results, according to AreaSearch's assessment of mortality rates and chronic condition prevalence. The area has a very low prevalence of common health conditions across all age groups. Private health cover is exceptionally high at approximately 74% of the total population (2,341 people), compared to 59.9% in Greater Sydney and 55.7% nationally.

The most prevalent medical conditions are asthma and mental health issues, affecting 7.2 and 6.7% of residents respectively, while 74.3% report being completely free from medical ailments, similar to the 74.6% figure for Greater Sydney. Working-age residents in Waverton have low chronic condition prevalence. The area has a higher proportion of seniors aged 65 and over at 20.4% (644 people), compared to 15.5% in Greater Sydney. Health outcomes among seniors are strong, aligning with national rankings for the general population.

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, surveyed in June 2021, showed higher cultural diversity than most local areas, with 23.1% speaking a language other than English at home and 38.5% born overseas. Christianity was the predominant religion, accounting for 40.8%. Notably, Judaism's representation stood at 0.8%, matching Greater Sydney's average.

In terms of ancestry, the top three groups were English (24.3%), Australian (17.6%), and Other (10.3%). Some ethnic groups showed significant differences: French (1.3% vs regional 0.5%), Welsh (1.0% vs 0.4%), and Hungarian (0.6% vs 0.3%) were overrepresented in Waverton compared to the region.

Waverton's population aligns closely with national norms in age terms

The median age in Waverton is 39 years, slightly higher than Greater Sydney's average of 37 years and close to the national average of 38 years. The 25-34 age cohort is notably over-represented in Waverton at 22.0%, compared to Greater Sydney's 16.0% and the national average of 14.6%. Meanwhile, the 5-14 age group is under-represented at 6.8%. Post-2021 Census data shows the 75-84 age group has grown from 6.5% to 8.2%, while the 35-44 cohort has declined from 15.8% to 14.9%. By 2041, population forecasts indicate significant demographic changes for Waverton. The 75-84 age group is expected to grow by 37% (96 people), reaching 356 from 259. Residents aged 65 and older will represent 76% of the anticipated growth. Conversely, the 25-34 and 0-4 age cohorts are projected to experience population declines.