Real Estate Glen Waverley Vic 3150

Glen Waverley: Quiet, Friendly, Safe, Suburban

Housing Market in Glen Waverley

Key Glen Waverley Metrics & Forecast to 2028

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$794	Top 12%	217% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Glen Waverley

Glen Waverley Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Glen Waverley

22.6%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	56.4	Top 19%	95% to Jun 2025
Developments	0.1	Bottom 22%	Data for Jul 2023
Housing Stock Quality Indicator	89.6	Top 3%	Data for May 2023
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	6 lots	Top 34%	14% to Aug 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	99	Top 1%	661% to Feb 2025

Housing Stock Quality in Glen Waverley

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	79.2%	Bottom 12%	2% to Jan 2021
Average bedrooms - all homes	2.8	Top 23%	Data for Jan 2021
NBN connection: fibreoptic cable to node	2.6%	Top 19%	Data for Jun 2023

Development Restrictions in Glen Waverley

Glen Waverley Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Glen Waverley

27.3%

Melbourne

36.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Total area	16.0 sq km	Top 38%	Data for Jan 2021
Heritage overlay total area	0.1 sq km	Top 37%	Data for Jun 2023
Residential density	327 sqm per resident	Bottom 12%	Data for Jan 2021

Risk in Glen Waverley

Glen Waverley Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Glen Waverley

48.5

Melbourne

49.7

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	77.6%	Bottom 13%	1% to May 2023
% Rentals	22.4%	Top 13%	4% to May 2023
Housing Affordability Index	75	Top 2%	Data for Jun 2023
Median monthly mortgage	$2,350	Top 28%	17% to May 2023
Rent Affordability Index (Houses)	72	Bottom 20%	Data for Jun 2023
Rent Affordability Index (Units)	65	Bottom 9%	Data for Jun 2023
Mortgage as a percent of income	30.0%	Top 16%	1% to Jan 2021
Mortgaged Dwellings	31.3%	Bottom 29%	9% to May 2023

Housing Demand in Glen Waverley

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 1975 - 2030

Glen Waverley

89.5%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	27800	Top 5%	30% to Dec 2036
Historical Population (SA3)	196000	Top 3%	25% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	239000	Top 5%	47% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium
Vacancy rate	Premium	Premium	Premium

Unit Market in Glen Waverley

Glen Waverley Unit Investor Report

Sample Graphic

Sources: Property Listings, VIC RENTALS and Microburbs, 2000 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$645	Top 14%	189% to Mar 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	60.6%	Bottom 22%	31% to Mar 2025

LGA Details (1)

Headline	Place	Datetime
Local government area	Monash

Median House Rental Prices by Street (100)

Level_0	Street	Date	Median rent (per week)
114882	Fraser St	13 Mar 2025	$720
114875	Foxley St	13 Mar 2025	$790
114865	Folkestone Rd	13 Mar 2025	$785
114812	Falconer St	13 Mar 2025	$850
114804	Fairhills Pde	13 Mar 2025	$802

Turnover Rate by Street (100)

Turnover rate	Street	Turnover Label	Turnover Years	Year
72.3%	Chivers Ave	average turnover	Every 13.8 years (average turnover)	2025
66.7%	Poets Ct	quite tightly held	Every 15.0 years (quite tightly held)	2025
73.2%	Crows Ln	average turnover	Every 13.7 years (average turnover)	2025
60.4%	Springvale Rd	quite tightly held	Every 16.6 years (quite tightly held)	2025
45.7%	Gauntlet Ave	very tightly held	Every 21.9 years (very tightly held)	2025

Realtors (12)

Headline	Place	Datetime
AnC Planning Consultants	19 Fernhill St
Barry Plant Glen Waverley	261 Springvale Rd
Biggin & Scott Glen Waverley	45 Myrtle St
Butterworth (Australia) Pty. Limited	21 Aristoc Rd
JRW Property International	73 Railway Parade N

Accommodation Options (24)

Headline	Place	Datetime
Apartments of Waverley
Hotel Ibis Melbourne	297 Springvale Rd
IBIS	297 Springvale Rd
Mulgrave Motor Inn	605 Ferntree Gully Rd
Novotel Melbourne Glen Waverley	285 Springvale Rd

Median House Sale Prices by Street (100)

Street	Date	Median sale value
Camino Ct	10 May 2024	$1,490,000
Campbell St	10 May 2024	$2,006,000
Capital Ave	10 May 2024	$1,772,000
Chapman Bvd	10 May 2024	$1,607,000
Charlotte St	10 May 2024	$2,449,000

Percent of Renters by Street (100)

Percent of Renters	Street
66.5%	Abbot Ct
44.4%	Acacia Gr
67.1%	Ada St
25.6%	Adams Ave
100.0%	Afton Ct

Businesses (83)

Name	Address
Makal Construction Pty Ltd	1 Burramine Rd, Glen Waverley VIC 3150, Australia
Gemcan Construction PTY Ltd.	35 Martin Pl, Glen Waverley VIC 3150, Australia
The Splendor Homes	694 High St Rd, Glen Waverley VIC 3150, Australia
GLENTECT Development Management	Suite 21/40 Montclair Ave, Glen Waverley VIC 3150, Australia
Global Fencing	23 Alimar Rd, Glen Waverley VIC 3150, Australia

Planning Applications: Dwellings (55)

Headline	Place	Date
Construction of two (2) double storey dwellings - Monash City Council TPA/56576	39 Olinda Street Glen Waverley VIC 3150	03 Feb 2025
Extension to the existing dwelling and construction of a second dwelling on the lot. Removal of one (1) tree in a Vegetation Protection Overlay. - Monash City Council TPA/56435	64 Mannering Drive Glen Waverley VIC 3150	03 Feb 2025
Construction of four (4) double storey dwellings, removal of vegetation in a Vegetation Protection Overlay , alteration of access to a road in Road Zone Category 1 and variation of the covenant contained in Instrument of Transfer No. B109942 to allow dwellings to be built of materials other than brick, stone, brick veneer or stone veneer construction - Monash City Council TPA/46946/B	775 Waverley Road Glen Waverley VIC 3150	24 Jan 2025
Construction of three (3) dwellings and buildings and works within a special building overlay - Monash City Council TPA/56462	1 Bridget Street Glen Waverley VIC 3150	24 Jan 2025
Construction of two (2) double-storey dwellings - Monash City Council TPA/56244	7 Ilora Court Glen Waverley VIC 3150	20 Dec 2024

Planning Applications: Other (45)

Headline	Place	Date
3 new lots 1a, 2a, 3a and common property n0.1 on ps332538a - Streamlined Planning through Electronic Applications and Referrals S240922H	1/46 Delmore Crescent, Glen Waverley VIC 3150	14 Dec 2024
Development and use of land for a seven (7) storey building comprising food and drink premises and offices, and a reduction in the car parking requirement to zero, and display of internally illuminated business identification and high-wall signs; and the sale and consumption of liquor on levels 1, 5 and 6 - Monash City Council TPA/50168/G	73-75 Kingsway Glen Waverley VIC 3150	01 Nov 2024
Development and use of land for a seven (7) storey building comprising food and drink premises and offices, and a reduction in the car parking requirement to zero, and display of internally illuminated business identification and high-wall signs; and the sale and consumption of liquor on levels 1, 5 and 6 - Monash City Council TPA/50168/G	73-75 Kingsway Glen Waverley VIC 3150	01 Nov 2024
Development and use of land for a seven (7) storey building comprising food and drink premises and offices, and a reduction in the car parking requirement to zero, and display of internally illuminated business identification and high-wall signs; and the sale and consumption of liquor on levels 1, 5 and 6 - Monash City Council TPA/50168/G	73-75 Kingsway Glen Waverley VIC 3150	01 Nov 2024
Buildings and works to construct a two-storey extension to the existing building, amendment of liquor licence area, construct and display of business identification signs and reduction of the car parking requirement for the use of a restaurant with maximum 90 patrons - Monash City Council TPA/56226	6-8 Kerrie Road Glen Waverley VIC 3150	07 Oct 2024

Median Unit Sale Prices by Street (100)

Date	Median sale value	Street
10 May 2024	$814,000	Avonhurst Dr
10 May 2024	$1,140,000	Belmont Rd
10 May 2024	$1,080,000	Barbara Ave
10 May 2024	$1,232,000	Hammence St
10 May 2024	$1,270,000	Harvie St

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
27 Fiander Ave	$1,832,000	3.0	1.0	2.0	08 Mar 2025	On Market
5 Currie Terrace	Price Withheld	5.0	2.0	2.0	08 Mar 2025	On Market
9 Pippin Ave	$1,835,000	4.0	2.0	2.0	08 Mar 2025	On Market
18 Kristen Cl	Price Withheld	4.0	2.0	4.0	08 Mar 2025	On Market
5 Summit Cr	$2,998,888	5.0	5.0	3.0	05 Mar 2025	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 2, 13 Juniper Ave	$620	3.0	2.0	1.0	11 Mar 2025
Unit 29, 280 Blackburn Rd	$700	2.0	2.0	1.0	06 Mar 2025
Unit 304, 2 Snedden Dr	$700	2.0	2.0	1.0	05 Mar 2025
Unit 304, 2 Snedden Dr	$700	2.0	2.0	1.0	05 Mar 2025
Unit 714, 2 Snedden Dr	$750	2.0	2.0	2.0	04 Mar 2025

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
Unit 311, 52-54 Osullivan Rd	$590,000	2.0	2.0	1.0	04 Mar 2025	On Market
Unit 311, 52-54 Osullivan Rd	$590,000	2.0	2.0	1.0	04 Mar 2025	On Market
Unit 311, 52-54 Osullivan Rd	$590,000	2.0	2.0	1.0	04 Mar 2025	On Market
Unit 5, 103-105 Bogong Ave	$870,000	3.0	1.0	1.0	01 Mar 2025	On Market
Unit 5, 21-23 Angus Dr	$1,908,000	6.0	4.0	2.0	01 Mar 2025	On Market

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
Unit 1, 1 Landridge St	$750	3	2	2	11 Mar 2025
101 King Arthur Dr	$700	4	2	2	07 Mar 2025
101 King Arthur Dr	$700	4	2	2	07 Mar 2025
62 Guinevere Pde	$630	3	2	1	06 Mar 2025
24 Olinda St	$1,000	5	3	2	05 Mar 2025

Leaflet

Expand ↗️

Loading Choropleth Data

Min Max

Subscribe to see the timeline. See samples: