Question 1

Is Waverley a nice place to live?

Accepted Answer

Waverley sits in Sydney's eastern suburbs, within easy reach of Bondi Beach and the coastal walk and anchored by the cliff-top Waverley Cemetery. Tree-lined streets contain Victorian and Federation cottages, semidetached houses and low-rise apartments, and a modest village strip has cafes, shops and community services. Regular bus routes link to Bondi Junction and the city, and the suburb's settled, leafy domestic character tends to appeal to families, professionals and long-term locals seeking coastal access without the busiest tourist hubs.

About 4,216 people live in Waverley; the median age is 38 and median household income is $2,873 a week (about $149,400 a year). Families dominate the local mix and homes are more often owner-occupied than rented, though renters make up 45.0% of dwellings. Local projects include an approved seniors housing redevelopment on the former Uniting War Memorial Hospital site, with a 105-bed aged care facility, about 231 independent living units including some affordable units and adaptive reuse of heritage buildings, and council planning toward a recreation and community hub for the former Council Chambers site in the Waverley Park precinct.

Question 2

Is it expensive to live in Waverley?

Accepted Answer

Rents in Waverley represent a significant share of local incomes recorded at the last Census. With a typical local household earning $2,873 a week at the last Census, a house renting for $1,650 a week would take about 57.4% of that weekly income, a large share. A unit at $880 a week would take about 30.6% of weekly household income, a sizeable share. If you're renting, those rent shares are the most direct measure of how costly it is to live here.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Waverley a good place to invest?

Accepted Answer

Over the past 12 months in Waverley, house values climbed a strong 19.9% while house rents rose a solid 6.5%. For houses this year, capital growth outpaced rental income.

Units moved differently: median unit values fell 10.7% over the year, a sharp decline. Whether that makes Waverley the right investment for you depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	19.9%	-10.7%
Sold Past 3 months	6	7
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	$1650	$880
Change in rent Past 12 months	6.5%	N/A

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