Glen Waverley, VIC 3150: Suburb Profile & Property Report

Market Report

House report
Unit Report

Glen Waverley has 579 houses available for sale. The median property price for a house is currently $1,680,000 with annual capital growth of 3.07% . There were 488 house sales in the past 12 months. On average, houses spend 30 days on market.

If you're thinking about buying an investment property in Glen Waverley, consider that rental yields for houses are currently 2.14% with an average median rent of $700 weekly. Houses have seen -1.58% growth in the past quarter, and 3.07% growth in the past 12 months.

The size of Glen Waverley is approximately 16.8 square kilometres. It has 53 parks covering nearly 13.2% of total area. The population of Glen Waverley in 2011 was 39,204 people. By 2016 the population was 40,331 showing a population growth of 2.9% in the area during that time. The predominant age group in Glen Waverley is 10-19 years.

Households in Glen Waverley are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Glen Waverley work in a professional occupation. In 2011, 76.4% of the homes in Glen Waverley were owner-occupied compared with 72.6% in 2016.

Glen Waverley has 255 units available for sale. The median property price for a unit is currently $881,000 with annual capital growth of 1.97% . There were 232 unit sales in the past 12 months. On average, units spend 35 days on market.

If you're thinking about buying an investment property in Glen Waverley, consider that rental yields for units are currently 3.64% with an average median rent of $650 weekly. Units have seen 1.26% growth in the past quarter, and 1.97% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$1,680,000	$881,000
Quarterly growth	-1.58%	+1.26%
12-month growth	+3.07%	+1.97%
Average annual growth	+6.66%	+0.78%
Weekly median rent	$700	$650
Gross rental yield	2.14%	3.64%
Number of Sales (12m)	488	232
Avg. Days on Market (12m)	30	35

Jump to Market Trends

Key Demographics	2011	2016
Total population	39,204	40,331
Population change (5y)	+2.57%	+2.90%
Median household income (p/w)	$1,357	$1,555
Household income change (5y)	+11.23%	+14.59%
Median age of persons	42	41

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Glen Waverley is $1,680,000 for houses and $881,000 for units.

The Median Growth in Glen Waverley over the past 12 months is 3.07% for houses and 1.97% for units.

Over the past 12 months there were 488 houses sold and 232 units sold in Glen Waverley. On average, houses spent 30 days on market and units spent 35 days on market.

In the past 12 months up to August 2024 there were 488 houses sold and 232 units sold in Glen Waverley. On average, houses spent 30 days on market and units spent 35 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Glen Waverley is $700 for houses and $650 for units.

The Rental Yield in Glen Waverley is 2.14% for houses and 3.64% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Glen Waverley was 40,331 in 2016, a +2.90% change compared to 2011.

The predominant age group in Glen Waverley is 10-19 years.

The population of Glen Waverley was 40,331 in 2016, a +2.90% change compared to 2011.

The predominant age group in Glen Waverley is 40-49 years.

Most of the population in Glen Waverley were born in Australia.

Most of the population in Glen Waverley report their religion as No Religion.

Most of the population in Glen Waverley report their income range as between $78,000 and $130,000 .

The median household income in Glen Waverley was $1,555 in 2016, a +14.59% change compared to 2011.

Most of the population in Glen Waverley report their income range as between $78,000 and $130,000 .

The median household income in Glen Waverley was $1,357 in 2011, a +11.23% change compared to 2006.

Most of the population in Glen Waverley work as Professional.

The chart below demonstrates the various levels of education in Glen Waverley.

Most of the population in Glen Waverley reached a qualification level of Bachelor.

2011 2016

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