Mount Waverley is a large suburb in Victoria within the Monash local government area (postcode 3149). With a population of 35,340, the suburb has an established demographic with a median age of 40. Households earn a median income of $107K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Mount Waverley is $1.6 million, having risen modestly 0.9% over the past year. Units have a median price of $1.1 million (+2.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,600.
Mount Waverley is served by 10 schools, including 7 primary, 2 secondary, 1 combined. The average ICSEA score is 1145, which is well above the national average of 1,000. Public transport access includes 7 rail stations, 114 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Mount Waverley offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 15.0x is considered stretched. House prices have moved +0.9% year-on-year.
Mount Waverley is a large suburb in Victoria within the Monash local government area (postcode 3149). With a population of 35,340, the suburb has an established demographic with a median age of 40. Households earn a median income of $107K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Mount Waverley is $1.6 million, having risen modestly 0.9% over the past year. Units have a median price of $1.1 million (+2.4% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,600.
Mount Waverley is served by 10 schools, including 7 primary, 2 secondary, 1 combined. The average ICSEA score is 1145, which is well above the national average of 1,000. Public transport access includes 7 rail stations, 114 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Mount Waverley offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.6M/$875K), placing it in the premium segment. The price-to-income ratio of 15.0x is considered stretched. House prices have moved +0.9% year-on-year.