Chat with us, powered by LiveChat

City of Monash

Mount Waverley

Mount Waverley Property Market
& Suburb Profile

Powered by Proptrack

MEDIAN PRICES IN MOUNT WAVERLEY

Median house price

(all agencies, last 12 months)$1.6m*

House price change

(all agencies, last 12 months)+1.23%

Median unit price

(all agencies, last 12 months)$1.1m*

Unit price change

(all agencies, last 12 months)-1.71%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

MOUNT WAVERLEY price TRACKER

HousesUnits

Mount Waverley sales overview

  • Sold by Auction 69%
  • Sold by Private Sale or Other Method 31%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)30

Average days on market (units)

(all agencies, 12 months)30

Auction clearance rate in Mount Waverley

(all agencies, last 12 months)78%

Average held period in Mount Waverley

(proptrack)14 years

Mount Waverley Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$751pw

House rental price change

(all agencies, last 12 months)0.02%

Median rental price for Units

(all agencies, last 12 months)$694pw

Unit rental price change

(all agencies, last 12 months)0.01%

Average rental yield for Houses

(all agencies, last 12 months)2.34%

Average rental yield for Units

(all agencies, last 12 months)3.39%

Mount Waverley total population size

(as at the last census)35,340

Median household size in Mount Waverley

(as at the last census)2.7

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Mount Waverley property types

  • Houses 43%
  • Units 23%
  • Other 34%

OCCUPANCY in Mount Waverley

  • Owned 73%
  • Rented 24%
  • Other/Not Stated 3%
  • Singles 19%
  • Families 77%
  • Other 4%

CURIOUS TO KNOW WHAT YOUR PROPERTY IS WORTH TODAY?

Request a free price evaluation from our experienced team

About Mount Waverley

A Well-Connected Suburb with a Thriving Community

Located approximately 16 km south-east of Melbourne’s CBD, Mount Waverley is a highly sought-after suburb known for its leafy streets, excellent schools, and convenient access to transport and amenities. With a population of over 33,000, it attracts families, professionals, and investors alike.

Lifestyle & Recreation

Mount Waverley offers a perfect blend of nature, leisure, and convenience:

  • Outdoor Activities: Enjoy a round of golf at Riversdale Golf Club, go for a bushwalk at the picturesque Damper Creek Reserve, or have a relaxing barbecue at Valley Reserve.
  • Shopping & Entertainment: Catch a movie at Waverley Cinema in Pinewood Shopping Centre, or take a short drive or bus ride to Chadstone Shopping Centre, the largest shopping centre in the Southern Hemisphere.
  • Dining: The suburb features a variety of cafes, restaurants, and local eateries, catering to diverse tastes.

Education

Mount Waverley is well-known for its highly regarded schools, making it a top choice for families:

  • Primary Schools: Mount Waverley Primary, Essex Heights Primary, Syndal South Primary, and others.
  • Secondary Schools: The suburb is home to the prestigious Mount Waverley Secondary College, consistently ranked among Melbourne’s top-performing public schools.
  • Private Schools: Avila College (girls), Huntingtower School (co-ed), and Wesley College Glen Waverley Campus are within easy reach.

Transport & Accessibility

Getting around is easy with multiple transport options:

  • Train Access: Mount Waverley has two train stations, Mount Waverley and Jordanville, both on the Glen Waverley line, offering direct access to the city.
  • Buses: A well-connected bus network links Mount Waverley to surrounding suburbs and major hubs like Chadstone and Monash University.
  • Roads & Freeway Access: The Monash Freeway (M1) is nearby, providing a direct route to the CBD, Monash University, and other key locations.

Investment Potential

Mount Waverley remains a desirable suburb for property investment due to:

  • Strong demand for family homes, driven by top-performing schools.
  • Consistent property value growth, with homes in the sought-after Mount Waverley Secondary College school zone commanding premium prices.
  • Proximity to major employment hubs, including Monash University, the Monash Medical Centre, and technology/business parks in Clayton and Notting Hill.

Nearby Suburbs

Whether you're looking for a family-friendly suburb, a convenient place to rent, or a strong investment opportunity, Mount Waverley offers an exceptional lifestyle with a balance of greenery, great schools, and accessibility.

Disclaimer: The information provided in this suburb profile is intended as a general guide only. While every effort has been made to ensure accuracy, the content may not reflect the most current data or developments. Readers should verify any information independently before making any decisions based on the details presented. The suburb profile is subject to change and should not be relied upon as a sole source of information.

Education

Avila College
Essex Heights Primary School
Holy Family School
Huntingtower School
Mount Waverley Heights Primary School
Mount Waverley North Primary School
Mount Waverley Primary School
Mount Waverley Secondary College
Pinewood Primary School
Syndal South Primary School
Powered by Proptrack

Sales Comparison

Find out how Mount Waverley median sales prices compare to neighbouring suburbs.

Mount Waverley MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025706$1,370,5001.23%712$723pw2.87%
2024641$1,374,5000.06%753$716pw2.93%
2023615$1,365,0006.54%754$675pw2.76%
2022636$1,310,0000.99%955$591pw2.46%
2021796$1,317,00016.00%1023$528pw2.22%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025706$1,370,500+1.23%
2024641$1,374,500+0.06%
2023615$1,365,000+6.54%
2022636$1,310,000+0.99%
2021796$1,317,000+16.00%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025712$723pw2.87%
2024753$716pw2.93%
2023754$675pw2.76%
2022955$591pw2.46%
20211023$528pw2.22%

Browse more suburbs

Chadstone

Notting Hill

Glen Waverley

Media Hub

New Victorian auction law will cost sellers, create legal underquoting

December Starts with a Bang — 18 Sales and Counting This Week

Summer auctions kick off with a bang

*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.