Waverley

POSTAL CODE: NSW, 2024

HOUSE

UNIT

Property investors have seen a -4.63% drop in WAVERLEY based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains WAVERLEY, 2024 saw average growth in the long term.

The NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $4,015,000

Profits averaged 9.67% per annum over a 3-year period, due to an upward trend in home prices in WAVERLEY, 2024.

This means, real estate investors could earn a rental income of $2250 based on current median home prices for the suburb.

The gross rental yield in WAVERLEY, 2024 is 2.91%.

An average of 2 real estate transactions take place per month in WAVERLEY which translates to 24 per annum.

Property investments in WAVERLEY did not fare well against the rest of the country last year, registering a median home price decrease of -15.79%.

Figures from the previous quarter show that capital gains for real estate buyers in WAVERLEY are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains WAVERLEY, 2024 saw average growth in the long term.

This means, real estate investors could earn a rental income of $890 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WAVERLEY, homes and units usually stay on listing for an average of 60.5 days.

the NSW suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,440,000

Investors saw the median home price rise to $1,440,000.

WAVERLEY ranks 540th on the list of best yielding suburbs for rental properties in NSW, posting a 3.21% return.

Surburb overview

Waverley is a charming suburb located approximately 7 kilometres south-east of the Sydney Central Business District. It is part of the Waverley Council Local Government Area and offers a serene residential setting near vibrant neighbouring areas like Bondi Junction and Bronte. Known for its heritage buildings and quiet, tree-lined streets, Waverley attracts families, professionals, and retirees looking for a peaceful yet well-connected suburb.

Based on the latest Census data, the suburb has a population of around 4,346 people. The median age of residents is 39, and the area features a mix of older couples, independent youth, and established families. A significant proportion of the population was born in Australia, while other common countries of birth include the United Kingdom, New Zealand, and South Africa. Victorian and Federation-era houses and modern apartments characterise the suburb’s residential landscape.

Public transport in Waverley is primarily serviced by bus routes connecting the suburb to the Sydney CBD, Bondi Junction, and surrounding areas. The nearby Bondi Junction railway station provides access to the T4 Eastern Suburbs & Illawarra Line, offering a direct route to the city and beyond. The suburb’s location makes it easy to reach Sydney’s iconic beaches, such as Bondi Beach and Tamarama Beach, within a short drive or bus ride.

Waverley’s local amenities include parks, cafes, and small shops, providing residents with everyday conveniences and recreational opportunities. Charing Cross, a small village-like area at the intersection of Bronte Road and Carrington Road, offers boutique shops, eateries, and services, adding to the suburb’s community feel. Waverley Park, an ample green space with sports fields, a playground, and picnic facilities, is a popular spot for outdoor activities.

Educational institutions in the area include Waverley College and St. Charles Primary School, making the suburb a desirable choice for families with school-aged children. The area also has several early childhood centres and preschools.

With its heritage charm, green spaces, and proximity to key Sydney attractions, Waverley offers a well-balanced lifestyle in one of the city’s most established and desirable locations.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$4,015,000	$1,440,000
Growth Report
Median Quarterly	-4.63%	-0.69%
Median 12 month	1.65%	-15.79%
Median 3 years	29.52%	4.73%
Median 5 years	66.42%	25.22%
10 years average annual	7.6%	13.17%
Weekly media advert. rent	$2,250	$890
Time on Market	N/A	60.5 days
Gross Rental Yield Percent	2.91%	3.21%

Demographics (Median Values)*

Total Population 11073

Weekly Household Income 2450

Household Size 2.50

Average Age 38

Monthly Loan Repayment 3200

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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