Suburb Profile Report for Glen Waverley VIC (3150)

Glen Waverley House: Median price $1,290,500, Annual capital growth 8.09%, Number of sales 430, Weekly median advertised rent $520

Glen Waverley Unit: Median price $739,000, Annual capital growth 6.67%, Number of sales 86, Weekly median advertised rent $490

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

Investment property in Glen Waverley has done pretty 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 -3.01%

Glen Waverley,3150 has offered an average of -3.01% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -13.12% to buyers in Glen Waverley at the moment, which is less than average for the rest of VIC.

In the last year 430 properties changed hands in Glen Waverley, which puts it as the 17th most active market in VIC when comparing the number of sales per suburb.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.10%, without taking into account capital value appreciation, which has been averaging out at 8.09%.

Over the last year, property investments in Glen Waverley, 3150 have given investors a capital gain of -6.46%. This compares very badly with the 3.42% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Glen Waverley comes in at number 328th in VIC.

LACK OF BUYER INTEREST may well be the reason that Glen Waverley is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 294th in terms of most discounted suburbs in VIC

On average over the past year, suburb has had 7.17 sales per month, which equates to 86 per year.

Situated 19.07km from the CBD, Glen Waverley is one of Monash (C) localities in the postcode 3150.

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
$1,290,500 $739,000
-2.23% -4.40%
-3.01% -6.46%
8.09% 6.67%
$520 $490
430 86
2.10% 3.45%
74.55 80.62

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Good (U)
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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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