Glen Waverley VIC 3150
Glen Waverley is in Monash LGA, VIC, postcode 3150, with population 42,642.
Strong evidence
Glen Waverley has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Weekly rent screens at about 70% of annual income. LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Open matching rent ranking →940 latest-year approvals in Monash, +0.0% YoY; population +1.6% YoY (1.1% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Income-stretched rent market
Weekly rent screens at about 70% of annual income. Snapshot rent $650/wk.
LGA fallback rent. Compare against suburb-level records before treating this as a precise suburb signal.
Glen Waverley has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
No major visible gaps in the current status panel.
Glen Waverley currently reads as a premium-market candidate with a livability-led secondary angle.
Population scale is large enough to avoid reading this as a tiny locality only. School coverage gives the page a stronger family/livability signal. Premium pricing raises the bar for yield, affordability, and downside checks. Gross yield looks low for an income-first use case.
Compare it against one challenger, then use the AU calculator to model the financial case.
Population scale is large enough to avoid reading this as a tiny locality only. School coverage gives the page a stronger family/livability signal. Transport coverage adds a practical access signal.
Premium pricing raises the bar for yield, affordability, and downside checks. Gross yield looks low for an income-first use case.
No decisive evidence gap was detected from the current inputs.
Compare-ready
- Buyers want a quick sense of price, schools, and neighbourhood scale before getting lost in data.
- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Glen Waverley VIC
Glen Waverley is a large suburb in Victoria within the Monash local government area (postcode 3150). With a population of 42,642, the suburb has an established demographic with a median age of 40. Households earn a median income of $100K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Chinese, English, Australian.
The median house price in Glen Waverley is $1.7 million, having grown strongly 6.4% over the past year. Units have a median price of $880,000 (+10% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,500.
Glen Waverley is served by 13 schools, including 8 primary, 3 secondary, 2 special. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 16 rail stations, 157 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Glen Waverley offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +6.4% year-on-year. Population growth of +1.6% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Glen Waverley is a large suburb in Victoria within the Monash local government area (postcode 3150). With a population of 42,642, the suburb has an established demographic with a median age of 40. Households earn a median income of $100K per year, with an average household size of 2.8 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Chinese, English, Australian.
The median house price in Glen Waverley is $1.7 million, having grown strongly 6.4% over the past year. Units have a median price of $880,000 (+10% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,500.
Glen Waverley is served by 13 schools, including 8 primary, 3 secondary, 2 special. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 16 rail stations, 157 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Glen Waverley offers a gross rental yield of 2.0%, rated as low yield. Property prices are above the state median ($1.7M/$875K), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved +6.4% year-on-year. Population growth of +1.6% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Glen Waverley FAQ
Common questions-
What LGA is Glen Waverley in?
Glen Waverley is in the Monash Local Government Area, VIC, postcode 3150. Council-level context for Monash LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Glen Waverley?
The current median house price in Glen Waverley, VIC is $1.7M, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Glen Waverley?
The median weekly rent in Glen Waverley is $650/wk, based on the current market rent dataset. The current rent signal is income-stretched rent market.
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What does the rent signal say about Glen Waverley?
Income-stretched rent market: Weekly rent screens at about 70% of annual income. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Glen Waverley a good investment?
QuickProperty's investment signals for Glen Waverley show: Low Yield, Above Median, Stretched. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Glen Waverley?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Glen Waverley data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.