Waverley is a suburb which lies within the Territorial Authority of Invercargill, one of 36 residential suburbs which form the wider region. Waverley is the 15th largest suburb of Invercargill in terms of the total number of residential housing stock. Waverley provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1910 - 1919. The majority of the residential housing stock in the locality was constructed between 1950 - 1959. Residential housing stock in Waverley is made up of approximately 99% residential housing and 1% residential investment housing properties.