Should I buy in Waverton?
Suburb Report – Waverton, NSW, 2060
Location
Waverton is a harbourside suburb on the Lower North Shore of Sydney. It is only four kilometres north of Sydney’s CBD and is in the local government area of the Municipality of North Sydney. Waverton offers stunning views of Sydney Harbour and is bordered by the cosmopolitan business district of North Sydney and the exclusive waterfront suburb of McMahon’s Point. The suburb is only one square kilometre in area and extends down to a waterfront peninsula that separates Berry’s and Balls Head Bays.
Household Occupancy
The predominant age group in Waverton falls between 30-39 years. In relation to demographics, single parents make up the largest group of residents, occupying 32% of households. Childless couples make up 28% of the population, couples with children 17% and lone households 17%. A healthy 43% of residents in Waverton are renting their homes, 34% own their homes outright and 21% are purchasers. Those who are purchasing their homes would be paying more than $2,000 a month in mortgage repayments. The majority of residents in Waverton are employed in professional occupations, earning salaries of greater than $103k per annum.
Average Prices
In 2010, the average sale price of houses in the area is $1,744,950. On average, this price tag will purchase a three to four bedroom, one to two bathroom home with a garage. In comparison, the average sale price of a two to three bedroom, one bathroom unit with car parking facilities is $702,066. Top sale prices for each category of $2,820,000 and $1,509,500, respectively, have been recorded in the last six months. 41 units and 14 houses were sold in Waverton in 2009.
The Properties
15 Waverton Avenue is the ultimate in modern living. The glamorous, contemporary residence is designed by award winning architect Reg Lark and offers spectacular harbour views embracing Berrys Bay, the Harbour and Anzac Bridges, Sydney CBD and nearby North Shore districts. The light-filled home is wrapped in glass and offers three huge living areas, three generous-sized bedrooms and three luxurious bathrooms. It also boasts a 19 metre heated lap pool and an Asian-inspired alfresco garden, perfect for entertaining guests. The residence is conveniently located in a quiet cul-de-sac only five minutes walking distance to the railway station, village cafes and shops.
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The Neighbourhood
Balls Head Reserve is one of North Sydney’s most popular parklands, combining natural beauty with spectacular views. Located at the southern end of Balls Head Drive, the park boasts several bush walking tracks, picnic tables, barbecues and historical elements including Aboriginal waterholes and foreshore caves. Waverton Park is another recreation hotspot, offering a football and cricket field and the very popular Merrett Playground for children. The park is also home to Waverton Bowling Club and boasts several lookouts that offer exquisite views of Sydney Harbour and Berrys Bay. There are no schools in Waverton, but it is only a five minute journey to the highly prestigious North Sydney Boys and North Sydney Girls High Schools.
Transport
The Sydney CBD is easily accessible from Waverton by road and rail using the iconic Sydney Harbour Bridge and Harbour Tunnel. Waverton Railway Station is only a 15 minute journey from Central Station and is on the North Shore and Northern lines of the City Rail network. Alternatively, the bus route 265 runs daily into the Sydney CBD via McMahons Point and North Sydney. Services also run north to Lane Cove via Wollstonecraft, Crows Nest, St. Leonards and Greenwich.
Restaurants, Accommodation, Amenities
There are a number of restaurants and cafes that line the main streets of Waverton. Some local favourites include Berrys Bay Grill, Stir Crazy Thai and the MV AQA Sydney. Whatmore Terrace is a great destination for holidays or overnight business trips. It is a spacious, self-contained garden cottage in a quiet Waverton street and is conveniently located only 200 metres from Waverton Railway Station. Rockford Apartment is another self-contained apartment offering close to the best views of Sydney Harbour and Circular Quay in all of Sydney. For a more exclusive hotel experience, the North Shore and Rydges Hotels in North Sydney are only a five minute journey from Waverton.
Want help?
Contact your local Mortgageport team consultant for further information on buying in Waverton and what loan best suits your needs.
