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 per AreaSearch's analysis of ABS population updates and new addresses validated since Feb 2026, the estimated population of Waverton is around 3,169. This figure represents an increase of 188 people (6.3%) from the 2021 Census count of 2,981 inhabitants. AreaSearch's estimation is based on a resident population of 3,154 following examination of ABS' latest ERP data release in June 2024 and an additional 15 validated new addresses since the Census date. This results in a population density ratio of 4,527 persons per square kilometer, placing Waverton within the top 10% of national locations assessed by AreaSearch. The suburb's growth rate of 6.3% since the 2021 census surpassed both its SA3 area (5.6%) and SA4 region, positioning it as a growth leader in the region. Overseas migration contributed approximately 69.0% of overall population gains during recent periods, driving primary growth for Waverton.

AreaSearch's projections for Waverton are based on ABS/Geoscience Australia data released in 2024 with a 2022 base year for covered SA2 areas and NSW State Government's SA2 level projections released in 2022 with a 2021 base year for uncovered areas. These projections indicate a population increase of just below the median statistical area across the nation by 2041, with Waverton expected to expand by 330 persons over this period, reflecting an overall increase of 9.9%.

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 12 dwellings receiving development approval each year over the past five financial years. This totals an estimated 61 homes. So far in FY-26, 3 approvals have been recorded.

On average, 0.8 new residents arrive per new home built annually between FY-21 and FY-25. New construction is matching or outpacing demand, offering buyers more options and enabling population growth that could exceed current expectations. The average value of new homes being built is $895,000, indicating developers focus on the premium market with high-end developments. Compared to Greater Sydney, Waverton records 89.0% more building activity per person. Recent development has been entirely comprised of attached dwellings, appealing to downsizers, investors, and entry-level buyers. This trend indicates decreasing availability of developable sites and reflects changing lifestyles and the need for diverse housing options.

The location currently has approximately 174 people per dwelling approval, indicating a low density market. Looking ahead, Waverton is expected to grow by 315 residents through to 2041 (from the latest AreaSearch quarterly estimate). Current development appears well-matched to future needs, supporting steady market conditions without extreme price pressure.

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 identified 26 projects likely affecting the region. Notable initiatives include Western Harbour Tunnel and 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.

AreaSearch analysis indicates Waverton maintains employment conditions that align with national benchmarks

Waverton has a highly educated workforce with notable representation in the technology sector. The unemployment rate is 4.0%. Employment stability has been relatively consistent over the past year, according to AreaSearch's aggregation of statistical area data.

As of December 2025, 1,937 residents are employed, with an unemployment rate of 4.2%, 0.2% below Greater Sydney's rate. Workforce participation is 72.4%, slightly higher than Greater Sydney's 70.2%. A high proportion of residents work from home, at 69.2%, though Covid-19 lockdown impacts should be considered. Dominant employment sectors include professional & technical, health care & social assistance, and finance & insurance.

The area specializes in professional & technical jobs, with an employment share twice the regional level, while construction shows lower representation at 4.0% compared to the regional average of 8.6%. Many residents commute elsewhere for work based on Census data. Over the year ending December 2025, employment increased by 0.2%, labour force grew by 0.8%, leading to a rise in unemployment rate by 0.6 percentage points. In contrast, Greater Sydney experienced higher growth rates. Jobs and Skills Australia's national employment forecasts from May-25 suggest potential future demand within Waverton. National employment is projected to expand by 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, though these are simple extrapolations for illustrative purposes only and do not account for localized population projections.

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

AreaSearch's latest postcode level ATO data for financial year 2023 shows that income in Waverton is exceptionally high nationally. The median income is $78,586 and the average income stands at $119,912. This contrasts with Greater Sydney's figures of a median income of $60,817 and an average income of $83,003. Based on Wage Price Index growth of 8.86% since financial year 2023, current estimates would be approximately $85,549 (median) and $130,536 (average) as of September 2025. According to the 2021 Census figures, household, family, and personal incomes in Waverton rank highly nationally, between the 95th and 97th percentiles. Income brackets indicate that 35.4% of locals (1,121 people) fall into the $4000+ category, unlike regional trends where 30.9% fall within the $1,500 - 2,999 range. A significant 48.5% earn above $3,000 weekly. Housing accounts for 14.4% of income and strong earnings rank residents within 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 stood at 33.9%, with mortgaged dwellings at 18.0% and rented ones at 48.0%. The median monthly mortgage repayment was $3,053, higher than Sydney metro's average of $2,427. The 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 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 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 exceeds national averages significantly. Among residents aged fifteen or older, 68.3% hold university qualifications compared to Australia's 30.4% and NSW's 32.2%. This high level of educational attainment positions the area favourably for knowledge-based opportunities. Bachelor degrees are most prevalent 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%. Notably, 23.2% of the population actively engages in formal education, including 7.9% in tertiary education, 6.0% in primary education, and 4.0% pursuing secondary education.

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

Public transport analysis shows that there are 14 active transport stops operating within Waverton. These comprise a mix of train and bus services. They are serviced by 25 individual routes which collectively provide 7,990 weekly passenger trips. Transport accessibility is rated as excellent with residents typically located 134 meters from the nearest transport stop. As a primarily residential area, most residents commute outward. The dominant mode of transport is car at 49%, followed by train at 28% and walking at 14%.

Vehicle ownership averages 0.6 per dwelling which is below the regional average. According to the 2021 Census, a high proportion of residents work from home, with 69.2% doing so (this 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

Health outcomes data indicates notable results across Waverton, based on AreaSearch's assessment of mortality rates and chronic condition prevalence showing 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 (2,349 people), compared to 59.9% across Greater Sydney and 55.7% nationally. The most prevalent medical conditions are asthma and mental health issues, impacting 7.2 and 6.7% of residents respectively, while 74.3% declared themselves completely clear of medical ailments, slightly lower than the 74.6% across Greater Sydney.

Working-age residents show low chronic condition prevalence. The area has 21.3% of residents aged 65 and over (674 people), higher than the 15.4% in Greater Sydney. Health outcomes among seniors are strong, broadly 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's population showed 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 was the predominant religion in Waverton, accounting for 40.8% of its population. Notably, Judaism was proportionally similar to Greater Sydney's average, comprising 0.8%.

The top three ancestry groups were English (24.3%), Australian (17.6%), and Other (10.3%). French, Welsh, and Hungarian ethnicities showed higher representation in Waverton compared to regional averages: French at 1.3% vs 0.5%, Welsh at 1.0% vs 0.4%, and Hungarian at 0.6% vs 0.3%.

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

The median age in Waverton is 39 years, which is higher than Greater Sydney's average of 37 years and close to Australia's national average of 38 years. The 25-34 age cohort makes up 20.6% of the population in Waverton, compared to 18.9% in Greater Sydney and 14.4% nationally. Meanwhile, the 5-14 age group represents 6.9% of Waverton's population, lower than Greater Sydney's 7.3%. According to the 2021 Census, the 75-84 age group has grown from 6.5% to 8.3% of the population, while the 35-44 cohort has declined from 15.8% to 14.9%. By 2041, the 75-84 age group is projected to grow by 39%, reaching 365 people from 263. This demographic shift is led by residents aged 65 and older, who will represent 72% of the population growth. Conversely, the 25-34 and 0-4 age cohorts are expected to experience population declines.