At number 1749th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Waverley, 3149 is in the top half with a property value increase of 8.80% recorded in median house prices.
Over the longer term, Mount Waverley has seen property prices show investors a 52.30% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Mount Waverley should be aiming for at least -7.26% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 443 properties changed hands in Mount Waverley, which puts it as the 21th most active market in VIC when comparing the number of sales per suburb.
Mount Waverley is 577th on a list of best yielding suburbs for rents in VIC with a 1.80% return
Property investors who have had real estate in Mount Waverley, 3149 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.27%
When looking at the potential capital gains offered to property investors over the last 3 years, Mount Waverley comes in at number 90th in VIC.
Sellers are offering property buyers an average discount of -4.28% to buyers in Mount Waverley at the moment, which is less than average for the rest of VIC.
A $435 per week rent on the median house gives suburb investors a gross yield of circa 2.70%, without taking into account capital value appreciation, which has been averaging out at 7.41%.