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Mount Waverley, VIC 3149
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,610,000
market range $1.6M-$1.6M
Median Unit
$1,095,000
market range $975K-$1.1M
Gross Yield
-
1yr Growth (houses)
-2.8%
market range -10.0% to +2.5%
Investment snapshot for Mount Waverley
Mount Waverley has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mount Waverley market and investor summary
In Mount Waverley, VIC 3149, the median house sells for around $1.6M. House prices have moved -2.8% over the past year and +0.8% over three years. At 1.7% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.7% and a resident base that is not shrinking.
Living in Mount Waverley: people, income and schools
Mount Waverley has a resident population of roughly 35,340, a number that has held fairly steady over five years. At a median age of 40, it reads as skewed a little older, and 73% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $107,000 a year (about $2,070 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 15.0 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 69 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. Mount Waverley sits about 16 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 62 for walkability and 87 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 35,340
- +4% over 5yr
- Median age
- 40 years
- Median household income
- $107,000/yr
- Households renting
- 24%
- Family households
- 77%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 69
- avg ICSEA 1134
- Unemployment
- 1.6%
- Distance to CBD
- 16 km
- Walk score
- 62/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mount Waverley
View all →Frequently asked questions about Mount Waverley
What should I check before investing in Mount Waverley?
Mount Waverley has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Mount Waverley?
The median property price in Mount Waverley, VIC 3149 is $1.6M for houses and $1.1M for units.
What does recent house price growth show for Mount Waverley?
House prices in Mount Waverley are down 2.8% over the past year and up 0.8% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Mount Waverley?
The current vacancy rate in Mount Waverley is 1.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Mount Waverley?
Mount Waverley has a population of approximately 35,340 residents, with a median age of 40.
What schools are near Mount Waverley?
There are 69 schools within roughly 5km of Mount Waverley. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Mount Waverley affordable to buy in?
A median house in Mount Waverley costs about 15.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Mount Waverley's population growing?
The population of Mount Waverley has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Mount Waverley from the CBD?
Mount Waverley is about 16 km from the CBD.
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