Waverley (Tas.)

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Waverley (Tas.) has an estimated resident cohort of approximately 1,657 individuals as of May 2026, calculated using new address information validated by Districts and updated population records from the ABS following the Census. This indicates an expansion of 74 residents (4.7%) from the 1,583 citizens documented during the 2021 Census. This adjustment stems from an Estimated Resident Population of 1,649 compiled by Districts utilizing the ABS June 2025 release, combined with an extra 45 validated new addresses added after the Census. Consequently, the suburb of Waverley (Tas.) displays a density of 152 persons per square kilometer, which represents considerable space for residents and capacity for upcoming construction. The 4.7% expansion rate in the suburb of Waverley (Tas.) since the 2021 census was higher than the 2.6% recorded across the SA3 region, as well as the state average, positioning it as a local growth frontrunner. The main contributor to these population gains was overseas migration, which accounted for roughly of the net growth, even though natural increase and interstate moves also remained positive.

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The local workforce consists of a diverse mix of administrative and industrial workers across multiple sectors, with an unemployment rate of 9.8% according to statistical aggregations from Districts. As of March 2026691 local residents are employed, which leaves the unemployment rate 5.8% higher than the Regional Tas. rate of 3.9%, highlighting an area for economic improvement, while labor force participation is aligned with the regional rate of 58.8%. Census data indicates that a minimal 2.2% of the working population operated from home, though this figure may reflect the influence of pandemic lockdowns.

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According to the latest postcode-level ATO data released for the 2023 financial year, taxpayers in the suburb of Waverley have a median income of $39,529 and an average income of $49,715. This is lower than the country-wide average and compares to a median of $49,689 and an average of $59,358 across Regional Tas. Applying the Wage Price Index growth of 10.95% recorded since the 2023 financial year yields estimated figures of approximately $43,857 for the median and $55,159 for the average as of March 2026. Data from the 2021 Census places household, personal, and family incomes in the suburb within the 3rd to 8th percentiles nationally. The most common earnings bracket is the $800 - 1,499 range, which accounts for 33.4% of the population (representing individuals), whereas the wider region sees of earners in the - bracket. Affordability metrics show significant strain on households, with only of income remaining after housing costs, ranking in the th percentile.

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According to the last Census, the housing mix in Waverley was composed of 84.0% detached houses and 16.0% alternative structures such as townhouses, apartments, or other residences, compared to 89.9% detached houses and 10.1% alternative structures in Regional Tas. Fully owned properties comprised 27.4% of homes, below the regional average, while mortgaged homes accounted for 33.0% and rental properties made up 39.6%. The typical monthly mortgage payment was $867, which sits well below the regional average, while the median weekly rental cost was $237, compared to regional benchmarks of $1,274 and $250. On a national level, mortgage commitments are much lower than the Australian average of $1,863, and rents are similarly below the national median of $375.

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Families make up the majority of local households at 64.2%, which is divided into single-parent households at 21.2%, couples without children at 20.4%, and couples with children at 20.2%. The remaining 35.8% consists of non-family living arrangements, with lone person households representing 31.5% and group share houses making up 3.3%. The typical household contains 2.3 individuals, aligning with the regional average.

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The suburb exhibits lower levels of tertiary education, with university graduation rates at 7.2% compared to the national average of 30.4%, presenting a clear opportunity for targeted educational support. Bachelor degrees are the most common higher education qualification at 4.8%, with postgraduate degrees at 1.9% and graduate diplomas at 0.5%. Vocational and technical qualifications are highly prevalent, with 36.9% of residents aged 15 and over possessing trade credentials, consisting of advanced diplomas at 5.3% and certificates at 31.6%.

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There are 12 active public transit stops within Waverley, consisting of bus services. These stops support 47 different routes, which handle a combined total of 3,501 passenger trips every week. Access to transit is highly rated, with typical resident dwellings positioned 168 meters from the nearest stop. The suburb is mostly residential, meaning the majority of workers travel outside the area for employment, with private cars remaining the primary travel mode at 94%. Households own an average of 1.3 cars, which is below the regional average. A small proportion of 2.2% of residents work from home, based on 2021 Census statistics that may reflect pandemic restrictions.

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Health assessments indicate notable wellness challenges in Waverley, reflected in mortality patterns and the prevalence of long-term medical conditions across different age groups, with private health insurance coverage sitting at a low level of approximately 47% of the community (representing roughly 776 individuals). This compares to 49.1% of residents across Regional Tas. and a national average of 55.7%.

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The demographic profile reveals low levels of cultural diversity, with citizens making up 91.7% of the community, 94.9% born locally in Australia, and 98.4% speaking only English in their households. Christianity is the primary religious affiliation, accounting for 33.6% of residents. The most distinct variance is found in the Other category, which represents 0.6% of the population, compared to 0.7% throughout Regional Tas.

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The median age of 35 in Waverley is much lower than the Regional Tas. median of 45, and slightly below the nationwide average of 38. Young adults aged 25 - 34 are especially well represented at 16.6%, while seniors in the 65 - 74 bracket are less common (8.5%) than in the broader region. Since 2021, the 35 to 44 age cohort has increased from 13.2% to 15.0% of the population. Projections to 2041 indicate notable shifts, with the 45 to 54 cohort expected to grow by 65 people (37%), rising from 177 to 243, while the 0 to 4 and to age brackets are projected to shrink.

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Waverley currently has an estimated 104 children under 5 years old, comprising approximately 56 children aged 0-2 and 36 children aged 3-4. This cohort grew by an estimated 12% since the previous census. though population forecasts indicate future decline, with an anticipated decrease of 1% by 2041 (to approximately 103 children). Meanwhile the 5-12 cohort currently amounts to 176. While growth has been positive birth rates observed in the area have been moderate, with approximately 11.3 births per 1,000 residents recorded over the latest two-year period analysed which ranks the area within the middle tier nationally.