Waverley is a suburb in the Eastern suburbs of Sydney, in the state of New South Wales, Australia. Waverley is located 7 kilometres east of the Sydney central business district, in the local government area of Waverley Council. Waverley Council takes its name from the suburb but its administrative centre is located in the adjacent suburb of Bondi Junction, which is also a major commercial centre. Waverley is the highest point of altitude in Sydney's Eastern Suburbs.