Suburb Profile Report for Mount Waverley VIC (3149)

Mount Waverley House: Median price $1,260,000, Annual capital growth 11.26%, Number of sales 411, Weekly median advertised rent $470

Mount Waverley Unit: Median price $810,000, Annual capital growth 8.14%, Number of sales 145, Weekly median advertised rent $435

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of -0.79% for the last 12 months, Mount Waverley, 3149 has performed for property investments than its average annual 11.26% property growth over the last 5 years.

Mount Waverley,3149 has offered an average of -0.79% return per annum in house price rises to property investors over the last three years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mount Waverley, 3149. Typically our figures indicate that -10.18% is being offered, which puts this VIC suburb at 331th most discounted overall in Australia.

At number 2040 in a list of fastest selling suburbs, Mount Waverley is just in the bottom half of suburbs in Australia with an average of days on market 85.11 for properties listed there.

The VIC suburb of Mount Waverley, 3149 is in the Monash local government area.

Over the last year, property investments in Mount Waverley, 3149 have given investors a capital gain of 1.25%. This compares badly with the 3.49% for VIC as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Waverley has increased when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Mount Waverley itself are offering an average vendor discount of -3.41% to real estate investors.

Using the current median advertised rental of $435 and the average annual increase in value of a median property of 8.14%, investors should hope to achieve an overall return of 2.79%

YIP MAG Information supplied by:

YIP MAG
April 2016

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Despite a softening over the past 12 months, the vacancy rate of Mount Waverley remains rather tight.Full summary Despite a softening over the past 12 months, the vacancy rate of Mount Waverley remains rather tight.

Figures from Real Estate Investar show the vacancy rate in Mount Waverley, which sits in Melbourne’s west, is just 1.49% up from 1.35% compared to 12 months ago.

While the suburb is around a 25-minute drive from the centre of Melbourne, there is plenty on offer within the suburb itself.

Jordanville and Mount Waverley station link the suburb to the rest of Melbourne, while the Monash Freeway offers road access throughout the city.

Within the suburb there are numerous schools, while the nearby shopping opportunities are plentiful at the nearby Chadstone Shopping Centre.

Capital growth has also been strong in the suburb recently, with the median house price sitting at $1,245,000 after 71% growth over the past three years.

Houses in the suburb are currently providing investors with rental yields of 2%.Close
Metrics i HOUSE UNIT
$1,260,000 $810,000
1.20% 1.25%
-0.79% 1.25%
11.26% 8.14%
$470 $435
411 145
1.94% 2.79%
85.11 59.02

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 32077
Median household income ($/weekly) 1369
Median age of persons 41
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 3675 11.5
    25-34 years 3343 10.4
    35-44 years 4477 14.0
    45-54 years 4513 14.1
    55-64 years 3488 10.9
    Others 12580 39.2
    Age Group
    Census Count Percent(%)
    Registered Married 13955 55.3
    Not Married 10151 40.2
    Defacto Relationship 1133 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 18768 60.3
    Croatia 2304 7.4
    Sri Lanka 1198 3.9
    United Kingdom 1042 3.3
    Other 1287 4.1
    Others 6516 20.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 1980 6.6
    Christianity 18382 61.5
    Hinduism 948 3.2
    Islam 331 1.1
    No Religion 7878 26.4
    Others 366 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1061 10.1
    $600-$799 946 9.0
    $1,500-$1,999 1230 11.7
    $2,000-$2,499 924 8.8
    $2,500-$2,999 1092 10.4
    Others 5296 50.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 10234 39.3
    Employed, worked full-time 9173 35.3
    Employed, worked part-time 5005 19.2
    Unemployed, looking for work 838 3.2
    Employed, away from work 765 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 2067 13.8
    Professionals 4716 31.6
    Technicians & trades workers 1526 10.2
    Clerical & administrative workers 2360 15.8
    Sales 1498 10.0
    Others 2778 18.6
    Occupation
    Census Count Percent(%)
    Pre-school 507 6.0
    Infants/Primary 2377 28.3
    Secondary 2291 27.3
    Technical or Further Educational Institution 724 8.6
    University or other Tertiary Institutions 2231 26.6
    Others 262 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 25529 83.1
    Semi-detached, row or terrace house, townhouse 3202 10.4
    Flat, unit or apartment 1965 6.4
    House or flat attached to a shop, office 32 0.1
    Improvised home, tent, sleepers out 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 5606 49.0
    Being purchased 3385 29.6
    Rented 2388 20.9
    Other tenure type 60 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals