Suburb Profile Report for Glen Waverley VIC (3150)

Glen Waverley House: Median price $1,230,000, Annual capital growth 11.13%, Number of sales 506, Weekly median advertised rent $480

Glen Waverley Unit: Median price $680,000, Annual capital growth 6.55%, Number of sales 193, Weekly median advertised rent $433

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Glen Waverley has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.09%

Comparing Glen Waverley,3150 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Glen Waverley is offering property investors an average of -5.91. This rate of discount on properties puts Suburb at number 106th in terms of most discounted suburbs in VIC

Residents and property investors in Glen Waverley have been waiting around 98.84 days to sell a property.

Property investors should expect to get $480 weekly from the median priced house in this suburb.

Investment property in Glen Waverley has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -15.00%

A 37.37% growth in median value for property investors in Glen Waverley,3150 puts this suburb at number 172th in terms of best performing suburbs in VIC

Vendor discounting in Glen Waverley is giving property investors an average Vendor Discount of around -4.30%. This puts suburb at number 209th in VIC when ranking the most discounted suburbs.

In the last year 193 properties changed hands in Glen Waverley, which puts it as the 34th most active market in VIC when comparing the number of sales per suburb.

A $432.5 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 6.55%.

YIP MAG Information supplied by:

YIP MAG
April 2016

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The unit market in Glen Waverley, on Melbourne’s eastern fringe, is currently enjoying a period of strength.Full summary The unit market in Glen Waverley, on Melbourne’s eastern fringe, is currently enjoying a period of strength.

The median unit price in Glen Waverley sits at a more than respectable $785,000, having improved by 25% over the past 12 months.

The past three years have also been strong ones for the suburb, with capital growth hitting 56% over that time.

Buyers seem to be taking notice of that performance, with 195 units changing hands in the past year.

It’s understandable why so many people are looking to break into this market. Syndal and Glen Waverley train stations give the suburb a great link to the rest of Melbourne, while there are a number of schools, both primary and secondary, in the suburb.

The Dandenong Valley Parklands on the suburb’s eastern fringe make Glen Waverley a popular choice for those who like some peace and quiet.Close
Metrics i HOUSE UNIT
$1,230,000 $680,000
0.08% 0.74%
-4.09% -15.00%
11.13% 6.55%
$480 $433
506 193
2.03% 3.31%
98.84 93.37

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Glen Waverley VIC
Demographics
Total population 39204
Median household income ($/weekly) 1351
Median age of persons 41
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 4651 11.9
    25-34 years 4054 10.3
    35-44 years 5024 12.8
    45-54 years 5797 14.8
    55-64 years 4626 11.8
    Others 15053 38.4
    Age Group
    Census Count Percent(%)
    Registered Married 17002 55.7
    Not Married 12573 41.2
    Defacto Relationship 973 3.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 18455 49.1
    Croatia 4080 10.8
    Indonesia 1775 4.7
    Malta 2027 5.4
    Other 1912 5.1
    Others 9368 24.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 3647 10.1
    Christianity 19202 53.2
    Hinduism 2398 6.6
    Islam 611 1.7
    No Religion 9788 27.1
    Others 481 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1137 9.4
    $600-$799 1078 9.0
    $800-$999 1061 8.8
    $1,500-$1,999 1455 12.1
    $2,500-$2,999 1232 10.2
    Others 6080 50.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 12943 40.9
    Employed, worked full-time 10902 34.5
    Employed, worked part-time 5700 18.0
    Unemployed, looking for work 1143 3.6
    Employed, away from work 932 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 2316 13.2
    Professionals 5555 31.7
    Technicians & trades workers 1749 10.0
    Clerical & administrative workers 2758 15.7
    Sales 1692 9.6
    Others 3466 19.8
    Occupation
    Census Count Percent(%)
    Pre-school 505 4.7
    Infants/Primary 2825 26.5
    Secondary 3274 30.8
    Technical or Further Educational Institution 874 8.2
    University or other Tertiary Institutions 2819 26.5
    Others 348 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 30965 83.8
    Semi-detached, row or terrace house, townhouse 4218 11.4
    Flat, unit or apartment 1745 4.7
    House or flat attached to a shop, office 29 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 6468 49.3
    Being purchased 3784 28.8
    Rented 2799 21.3
    Other tenure type 70 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals