Mount Waverley Property Growth
VIC · 3149 · Monash Employment Corridor
A middle-ring suburb in Melbourne's south-east, well known for its strong school catchments (including Mount Waverley Secondary College) and family-oriented established housing.
Overview
Location: City of Monash
A middle-ring suburb in Melbourne's south-east, well known for its strong school catchments (including Mount Waverley Secondary College) and family-oriented established housing.
Market Snapshot
Median House Price
$1.59m
Median Unit Price
$790k
Avg Days on Market
37 days
Demographics
Estimated Population
33,625
Owner Occupier Rate
76.0%
Renter Rate
24.0%
Transport & Connectivity
Mount Waverley has two train stations on the Glen Waverley line.
Major Roads
- Monash Freeway
- Blackburn Road
- Huntingdale Road
- Stephensons Road
Train Lines
- Mount Waverley and Jordanville stations, both on the Glen Waverley line
Mount Waverley is approximately 16km south-east of the Melbourne CBD. Verify current timetables and traffic conditions before relying on any commute estimate.
Education
Mount Waverley is one of Melbourne's most sought-after suburbs for school catchments, offering a full P-12 government pathway.
Primary Schools
- Mount Waverley Primary School
- Mount Waverley North Primary School
- Syndal South Primary School
- Glendal Primary School
Secondary Schools
- Mount Waverley Secondary College
- John Monash Science School
- Huntingtower School
Childcare
A range of long day care, kindergarten and outside school hours care providers operate across Mount Waverley. Always verify availability and waitlists directly with providers.
Amenities & Lifestyle
Mount Waverley Village Shopping Centre (adjacent to the train station) and Pinewood Shopping Centre serve the suburb, alongside proximity to Chadstone and The Glen shopping centres in neighbouring suburbs. Valley Reserve and Damper Creek Reserve provide bushland and parkland.
Employment
Mount Waverley is predominantly residential, with local retail concentrated around its two shopping villages.
Commercial Centres
- Mount Waverley Village
- Pinewood Shopping Centre
Infrastructure
No major infrastructure projects are currently confirmed for Mount Waverley. Check Infrastructure Australia's project pipeline, State Government announcements or City of Monash's website for the latest updates on works that may affect the area.
Growth Drivers
- Full P-12 government school pathway — Mount Waverley Secondary College, John Monash Science School and a strong network of primary schools make the suburb one of Melbourne's most sought-after for school catchments.
- Dual-station Glen Waverley line access — Mount Waverley and Jordanville stations both serve the suburb, supporting strong commuter demand.
- Proximity to major shopping centres — Mount Waverley Village and Pinewood Shopping Centre serve local needs, with Chadstone and The Glen a short drive away.
- Bushland and parkland amenity — Valley Reserve and Damper Creek Reserve add to the suburb's family-friendly appeal.
Key Risks
- Mount Waverley's premium school-catchment entry price can limit the pool of buyers compared with more affordable middle-ring suburbs.
- Established housing stock in parts of the suburb can mean more redevelopment and knockdown-rebuild activity than in newer estates.
- Like all property markets, Mount Waverley is sensitive to broader interest-rate and lending-condition movements.
Frequently Asked Questions
Mount Waverley's growth drivers include a full P-12 government school pathway, dual-station Glen Waverley line access, and proximity to major shopping centres, but every investor's circumstances and goals differ. This is general information, not personalised financial advice — consider speaking with a licensed financial adviser before making investment decisions.
Refer to the Market Snapshot section on this page for current median price data sourced from our live database.
Mount Waverley offers a full P-12 government pathway, including Mount Waverley Secondary College and John Monash Science School, alongside several well-regarded primary schools.
Mount Waverley and Jordanville stations both serve the suburb on the Glen Waverley line, approximately 16km south-east of the Melbourne CBD. Verify current timetables and traffic conditions before relying on any commute estimate.
Mount Waverley Village Shopping Centre (adjacent to the train station) and Pinewood Shopping Centre serve the suburb, alongside proximity to Chadstone and The Glen shopping centres in neighbouring suburbs, with Valley Reserve and Damper Creek Reserve providing bushland and parkland.
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Use your own property price, growth rate and timeframe to estimate future property value, equity growth and total projected growth.
Calculate Future ValueSources
- ABSAustralian Bureau of Statistics — Census QuickStats— https://www.abs.gov.au/census
- Local CouncilCity of Monash— https://www.monash.vic.gov.au
- Department of Transport VictoriaDepartment of Transport and Planning Victoria— https://www.transport.vic.gov.au
- Victorian Planning AuthorityVictorian Planning Authority— https://vpa.vic.gov.au
- Infrastructure AustraliaProject Pipeline— https://www.infrastructureaustralia.gov.au
This content is for informational and educational purposes only. It does not constitute financial advice. Nothing on this page constitutes financial, investment, legal or tax advice. Property markets are volatile and past performance is not indicative of future results. Always seek independent advice from a qualified financial adviser before making any property investment decision.