Glen Waverley is a large suburb in Victoria within the Monash local government area (postcode 3150). With a population of 42,642, the suburb has an established demographic with a median age of 40. Households earn a median income of $100K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Glen Waverley is $1.7 million, having risen modestly 0.1% over the past year. Units have a median price of $880,000 (+10% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,500.
Glen Waverley is served by 13 schools, including 8 primary, 3 secondary, 2 special. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 16 rail stations, 157 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Glen Waverley offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +0.1% year-on-year.
Glen Waverley is a large suburb in Victoria within the Monash local government area (postcode 3150). With a population of 42,642, the suburb has an established demographic with a median age of 40. Households earn a median income of $100K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Glen Waverley is $1.7 million, having risen modestly 0.1% over the past year. Units have a median price of $880,000 (+10% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $2,500.
Glen Waverley is served by 13 schools, including 8 primary, 3 secondary, 2 special. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 16 rail stations, 157 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Glen Waverley offers a gross rental yield of 1.8%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +0.1% year-on-year.