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 1 Nov 2025, AreaSearch estimates the population of Waverton statistical area (Lv2) at approximately 3,161 people. This figure represents an increase of 180 individuals since the 2021 Census, which recorded a population of 2,981 in the area. The estimated resident population of 3,154, based on AreaSearch's analysis of ABS ERP data released in Jun 2024, and validated new addresses since the Census date, supports this increase. This results in a population density of 4,515 persons per square kilometer, placing Waverton (SA2) within the top 10% of locations assessed by AreaSearch. The area's growth rate of 6.0% since the 2021 Census exceeds both its SA3 area (5.4%) and SA4 region, indicating it as a growth leader in the region. Overseas migration contributed approximately 69.0% of overall population gains during recent periods.

AreaSearch projects future population trends for Waverton (SA2) using ABS/Geoscience Australia projections released in 2024 with a base year of 2022, and NSW State Government's SA2-level projections released in 2022 with a base year of 2021. By 2041, the area is expected to increase by approximately 321 persons, reflecting an overall increase of 10.2% 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 11 dwellings receiving development approval each year. An estimated 59 homes were approved over the past five financial years, between FY-21 and FY-25, with 3 more approved so far in FY-26.

On average, only 0.6 people moved to the area per dwelling built over these years, indicating that supply is meeting or surpassing demand. This provides 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. Compared to Greater Sydney, Waverton shows 82.0% 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, which is currently 18.0% houses, indicating decreasing availability of developable sites and reflecting changing lifestyles and demand for diverse, affordable housing options.

Waverton has approximately 179 people per dwelling approval, indicating a low density market. Population forecasts indicate that Waverton will gain 322 residents through to 2041, according to 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 influencing 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.

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

Waverton's workforce is highly educated, with the technology sector notably represented. Its unemployment rate stands at 4.4%, as per AreaSearch's statistical area data aggregation.

As of September 2025, 1,928 residents are employed, with an unemployment rate of 4.6% compared to Greater Sydney's 4.2%. Workforce participation is high at 68.8%, exceeding Greater Sydney's 60.0%. Key employment sectors include professional & technical, health care & social assistance, and finance & insurance. Waverton specializes in professional & technical jobs, with a share twice the regional average, while construction has lower representation at 4.0% versus the regional 8.6%.

Many residents commute elsewhere for work. Over the year to September 2025, labour force increased by 0.3%, but employment decreased by 1.2%, raising unemployment by 1.4 percentage points. In contrast, Greater Sydney saw employment grow by 2.1% and labour force by 2.4%. Statewide in NSW, as of 25-November-25, employment contracted slightly by 0.03%, with an unemployment rate of 3.9%. Nationally, the unemployment rate is 4.3%. Jobs and Skills Australia projects 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 could increase by 7.8% in five years and 15.3% in ten years, though these are simple 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 data for financial year 2023 shows median income in Waverton was $78,586 and average income was $119,912. This compares to Greater Sydney's median of $60,817 and average of $83,003. By September 2025, estimated median income would be approximately $85,549 and average $130,536 based on an 8.86% wage growth since financial year 2023. In the 2021 Census, Waverton's incomes ranked between the 95th and 97th percentiles nationally for households, families, and individuals. Income brackets show 35.4% of locals earn over $4,000 weekly, compared to 30.9% in the region earning $1,500-$2,999 weekly. A significant 48.5% earn above $3,000 weekly. Housing accounts for 14.4% of income and residents rank high for disposable income at the 95th percentile. 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). This is similar to Sydney metro's breakdown of 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, lower than Sydney metro's average of $3,085. The median weekly rent in Waverton was $600, higher than Sydney metro's figure of $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 percent of all households, including 21.7 percent couples with children, 32.2 percent couples without children, and 6.3 percent single parent families. Non-family households account for the remaining 38.6 percent, with lone person households at 31.0 percent and group households comprising 7.8 percent of the total. 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

Waverton's educational attainment is notably higher than national and state averages. Among residents aged 15+, 68.3% possess university qualifications, compared to 30.4% in Australia and 32.2% in NSW. Bachelor degrees are the most prevalent (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%.

Notably, 23.2% of the population are actively engaged 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 reveals 14 active transport stops operating within Waverton. These comprise a mix of train and bus services. They are serviced by 25 individual routes.

Collectively, these provide 7,990 weekly passenger trips. Transport accessibility is rated as excellent, with residents typically located 134 meters from the nearest transport stop. Service frequency averages 1,141 trips per day across all routes, equating to approximately 570 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 (2,343 people), compared to 84.7% across Greater Sydney and a national average of 55.7%. 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% declared themselves as 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 (638 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 showed higher cultural diversity, 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 was slightly overrepresented in Waverton at 0.8%, compared to 1.0% in Greater Sydney.

In terms of ancestry, the top groups were English (24.3%), Australian (17.6%), and Other (10.3%). Among other ethnicities, French (1.3%) and Welsh (1.0%) were overrepresented, while Hungarian was slightly higher at 0.6%.

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 proportion of residents aged 25-34 years is notably higher at 20.9% compared to the Greater Sydney average, while those aged 5-14 years are under-represented at 7.0%. This concentration of 25-34 year-olds is well above the national average of 14.5%. Post-2021 Census data shows that the proportion of residents aged 75 to 84 has grown from 6.5% to 7.7%, while those aged 35 to 44 have declined from 15.8% to 14.6%. Population forecasts for 2041 indicate significant demographic changes in Waverton, with the 75 to 84 age group expected to grow by 53% (129 people), reaching 373 from 243. This growth is led by residents aged 65 and older representing 73% of anticipated population growth. Conversely, the 25-34 and 0-4 age cohorts are expected to experience population declines.