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 Feb 2026, the population of the suburb of Waverton is estimated at around 3,169 people. This reflects an increase of 188 people since the 2021 Census, which reported a population of 2,981 people. The change is inferred from the resident population of 3,154 estimated by AreaSearch following examination of the latest ERP data release by the ABS in June 2024 and an additional 15 validated new addresses since the Census date. This level of population equates to a density ratio of 4,527 persons per square kilometer, which lies in the top 10% of national locations assessed by AreaSearch. The suburb's 6.3% growth since the 2021 census exceeded the SA3 area (5.6%) and the SA4 region, marking it as a growth leader in the region. Population growth for the suburb was primarily driven by overseas migration that contributed approximately 69.0% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For any SA2 areas not covered by this data, AreaSearch is utilising the NSW State Government's SA2 level projections, released in 2022 with 2021 as the base year. Growth rates by age group from these aggregations are also applied to all areas for years 2032 to 2041. Anticipating future population dynamics, a population increase just below the median of statistical areas across the nation is expected in the suburb, with an expected expansion of 320 persons to 2041 based on aggregated SA2-level projections, reflecting an increase of 10.0% 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

Waverton has seen around 11 dwellings receiving development approval each year. Between FY-21 and FY-25, approximately 59 homes were approved, with another 3 approved in FY-26 so far.

On average, about 0.6 people have moved to the area for each dwelling built over these five years. This suggests that supply is meeting or exceeding demand, offering greater buyer choice while supporting potential population growth above projections. The average construction cost value of new properties is around $895,000, indicating a focus on the premium segment with upmarket properties. Compared to Greater Sydney, Waverton has 82.0% higher new home approvals per person. Recent development in the area has been entirely comprised of townhouses or apartments, shifting away from the existing housing composition which is currently 18.0% houses. This change reflects decreasing availability of developable sites and a need for more diverse, affordable housing options.

The location has approximately 179 people per dwelling approval, indicating a low density market. According to AreaSearch's latest quarterly estimate, Waverton is expected to gain 316 residents by 2041. 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 area. Notable projects 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.

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Employment conditions in Waverton remain below the national average according to AreaSearch analysis

Waverton has an educated workforce with notable representation in the technology sector. Its unemployment rate is 4.5%, according to AreaSearch's statistical area data aggregation. As of September 2025, there are 1,929 employed residents, with an unemployment rate at 4.8% compared to Greater Sydney's 4.2%.

Workforce participation stands at 73.6%, slightly higher than Greater Sydney's 70.0%. Census responses indicate that 69.2% of residents work from home, potentially influenced by Covid-19 lockdowns. Dominant employment sectors include professional & technical, health care & social assistance, and finance & insurance. Waverton specializes in professional & technical roles 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 a 12-month period ending September 2025, Waverton's labour force increased by 0.3%, but employment decreased by 1.2%, leading to a 1.5 percentage point rise in unemployment rate. In contrast, Greater Sydney saw employment growth of 2.1% and labour force growth of 2.4%. 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 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 weighting extrapolations for illustrative purposes only.

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 ending June 2023 shows that income in Waverton is exceptionally high nationally. The median assessed income is $78,586 while 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 ending June 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 all rank highly in Waverton, between the 95th and 97th percentiles nationally. Income brackets indicate that 35.4% of locals (1,121 people) fall into the $4000+ category, unlike trends in the region 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 while 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 contrast, Sydney metro had 55.9% houses and 44.1% other dwellings. Home ownership in Waverton was higher at 33.9%, with mortgaged dwellings at 18.0% and rented ones at 48.0%. The median monthly mortgage repayment was $3,053, above 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 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 account for 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 constitute 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 is notably higher than national averages. Among residents aged 15 and above, 68.3% hold university qualifications, compared to 30.4% in Australia and 32.2% in New South Wales (NSW). This high level of educational attainment positions Waverton favourably for knowledge-based opportunities. Bachelor degrees are the most prevalent at 41.1%, followed by postgraduate qualifications at 21.8% and graduate diplomas at 5.4%.

Vocational pathways account for 15.6% of qualifications among those aged 15 and above, with advanced diplomas making up 8.5% and certificates 7.1%. Notably, 23.2% of the population are actively pursuing formal education. This includes 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 indicates 14 active transport stops in Waverton. These comprise a mix of train and bus services, totaling 25 individual routes. Collectively, these routes facilitate 7,990 weekly passenger trips. Transport accessibility is rated excellent, with residents typically located 134 meters from the nearest stop. As a primarily residential area, most commuting is 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, potentially due to COVID-19 conditions. Service frequency averages 1,141 trips per day across all routes, equating to approximately 570 weekly trips per 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 based on AreaSearch's assessment. Mortality rates and chronic condition prevalence are very low across all age groups. Private health cover is exceptionally high at approximately 74% of the total population (2,349 people), compared to 59.9% in Greater Sydney and a national average of 55.7%.

The most common medical conditions are asthma and mental health issues, affecting 7.2 and 6.7% of residents respectively. 74.3% of residents report being completely clear of medical ailments, compared to 74.6% in Greater Sydney. Working-age residents have low chronic condition prevalence. The area has 21.0% of residents aged 65 and over (665 people), higher than the 15.4% 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 was found to have a higher level of cultural diversity than most local markets, with 23.1% of its population speaking a language other than English at home and 38.5% born overseas. Christianity is the predominant religion in Waverton, making up 40.8% of people there. However, Judaism appears to be more prevalent in Waverton compared to Greater Sydney, with 0.8% of its population identifying as such.

Regarding ancestry, the top three groups are English (24.3%), Australian (17.6%), and Other (10.3%). Notably, French (1.3%) and Welsh (1.0%) ethnicities are overrepresented in Waverton compared to regional averages of 0.5% and 0.4%, respectively. Additionally, Hungarian ethnicity is also notably higher at 0.6% in Waverton compared to the regional average of 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 the national average of 38 years. The 25-34 cohort makes up 20.2% of Waverton's population, compared to Greater Sydney's 16.7%, and is notably over-represented. Conversely, those aged 5-14 make up only 6.9% of the population, lower than Greater Sydney's 8.3%. Post-2021 Census data shows that the 75-84 age group grew from 6.5% to 8.2%, while the 35-44 cohort declined from 15.8% to 14.6%, and the 25-34 group decreased from 21.3% to 20.2%. By 2041, population forecasts indicate that the 75-84 age group will grow by 39% (101 people), reaching 361 from 259. Residents aged 65 and older will represent 72% of this growth. Meanwhile, the 0-4 and 5-14 cohorts are expected to experience population declines.