If you compare the increase in value of investment property in Glen Waverley, 3150 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 9.74%.
While Glen Waverley,3150 ranked number 330th in VIC for increase in median house value (annualised) increase, it is ranked 43th over the last 5 years.
Sellers are offering property buyers an average discount of -5.11% to buyers in Glen Waverley at the moment, which is less than average for the rest of VIC.
At number 2084 in a list of fastest selling suburbs, Glen Waverley is just in the bottom half of suburbs in Australia with an average of days on market 76.28 for properties listed there.
Glen Waverley, 3150’s gross rental yield is 1.91%
VIC has seen average median house prices change by 7.87% which means that Glen Waverley, 3150 has done well for property investors by showing a capital gain of 14.12% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Glen Waverley comes in at number 188th in VIC.
The most recent median price for Glen Waverley is $780000, with sellers offering an average of -5.74% off the asking price.
The VIC suburb of Glen Waverley, 3150 is in the Monash local government area.