Mount Waverley

Mount Waverley, located about 16 km southeast of Melbourne’s Central Business District, falls within the City of Monash. This suburb is known for its family-friendly atmosphere, extensive green spaces, and a strong sense of community.

Demographic Profile

• Population: Mount Waverley is a well-established suburb with a diverse population, including many families. According to the 2021 census, the population of Mount Waverley was 35,340.
• Predominant Age Group: The suburb is popular among the 30-49 age group, particularly appealing to families.
• Median Household Income: Typically reflects the higher end of Melbourne’s suburban median incomes.
• Occupancy: Dominated by homeowners, with a lesser proportion of renters.

Real Estate and Growth

• Median House Prices: The median house price in Mount Waverley is around AUD 1,400,000, showcasing the suburb’s popularity and upscale nature.
• Median Unit Prices: The median price for units is approximately AUD 750,000, offering a more affordable entry point into the suburb.
• Rental Market: The median rent for houses is about AUD 600 per week, while for units, it’s around AUD 450 per week.
• Market Trends: Mount Waverley has seen consistent growth in property values, underpinned by its desirability for families and excellent amenities.

Education and Lifestyle

• Schools: Known for its high-quality schools, including Mount Waverley Secondary College and several primary schools.
• Local Vibe: The suburb is characterized by its leafy streets, parks, and a strong sense of community, making it ideal for family living.
• Community Insights: Residents enjoy the suburb’s safety, community-oriented environment, and accessibility to shopping centres and public transport.

Transportation

• Public Transport: The suburb is serviced by multiple bus routes and the Mount Waverley railway station, providing good connectivity to the CBD and surrounding areas.

Notable Features

• Shopping and Dining: Mount Waverley hosts a variety of shopping and dining options, especially around the Mount Waverley Village shopping strip.
• Recreational Areas: The suburb is prosperous in parks and recreational facilities, including Valley Reserve and the Mount Waverley Golf Club.

Mount Waverley is a highly sought-after suburb in Melbourne, particularly favoured by families due to its excellent schools, community feel, and ample green spaces. The real estate market remains robust, reflecting the suburb’s popularity and the quality of life it offers. Its blend of urban convenience with a touch of suburban tranquillity makes it a prime choice for Melbourne residents seeking a balanced lifestyle.