Suburb Profile Report for Glen Waverley VIC (3150)

Glen Waverley House: Median price $1,200,000, Annual capital growth 7.36%, Number of sales 421, Weekly median advertised rent $530

Glen Waverley Unit: Median price $750,000, Annual capital growth 5.65%, Number of sales 89, Weekly median advertised rent $500

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Giving property investors a an unimpressive capital gain of -8.95% for the last year, Glen Waverley, 3150 is the 3227th highest performer in Australia in this respect.

Across a shorter period, Glen Waverley, 3150 has seen a median price increase of -2.51% over the last quarter.

Our latest figures would indicate that property sellers in Glen Waverley are currently offering property investors an average price cut of -7.75% below the asking price at the moment.

In the last year 421 properties changed hands in Glen Waverley, which puts it as the 13th most active market in VIC when comparing the number of sales per suburb.

Glen Waverley is in the bottom 40% in VIC when comparing median price capital growth over the last year. Glen Waverley gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.46%.

When looking at the potential capital gains offered to property investors over the last 3 years, Glen Waverley comes in at number 288th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.24% offered to property buyers. Sellers in Glen Waverley itself are offering an average vendor discount of -6.23% to real estate investors.

Renters in Suburb are facing rents around $26000 per annum or $500 every week.

YIP MAG Information supplied by:

YIP MAG
April 2016

M
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W
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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.
Metrics i HOUSE UNIT
$1,200,000 $750,000
-2.51% -5.24%
-8.95% -4.46%
7.36% 5.65%
$530 $500
421 89
2.30% 3.47%
67.3446601941748 87.3191489361702

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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