Suburb Profile Report for Glen Waverley VIC (3150)

Glen Waverley House: Median price $1,425,000, Annual capital growth 7.07%, Number of sales 464, Weekly median advertised rent $500

Glen Waverley Unit: Median price $880,000, Annual capital growth 7.01%, Number of sales 191, Weekly median advertised rent $460

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
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VIC has seen average median house prices change by 14.59% which means that Glen Waverley, 3150 has done well for property investors by showing a capital gain of 7.34% over the last year

The five-year average increase in median property values for Glen Waverley,3150 has given property investors a potential capital gain of 15.29% across each of those five years.

The most recent median price for Glen Waverley is $1425000, with sellers offering an average of -7.61% off the asking price.

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

Property value increases in Glen Waverley have tracked just lower than the VIC average of 7.51% over the last 12 months.

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

Glen Waverley3150 is located in VIC which offers an average discount of -4.19% to property investors. Glen Waverley itself is showing figures that indicate -6.74% is the average achievable by property buyers investing in the suburb.

Glen Waverley is 356th on a list of best yielding suburbs for rents in VIC with a 2.72% return

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
$1,425,000 $880,000
4.78% 6.02%
7.34% 3.91%
7.07% 7.01%
$500 $460
464 191
1.82% 2.72%
106.107692307692 85.093023255814

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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