Glen Waverley Property Market Overview (2026)
Glen Waverley sits in the premium inner suburb market. Property here commands a premium because the amenity density justifies it — 114 dining venues, 19 schools, and 18 parks within the suburb boundaries.
Population: 42,642 (ABS Census 2021)
Price Estimates
| Property Type | Estimated Median | Monthly Mortgage (est.)* |
|---|---|---|
| House | $1.4M–$2.2M | $5,600–$8,800 |
| Unit/Apartment | $650K–$950K | $2,600–$3,800 |
Estimates based on Glen Waverley’s market positioning. Mortgage estimates assume 20% deposit, 6.5% variable rate, 30-year term. For current sales data, check REIV or Domain.
What Drives Property Value in Glen Waverley
Property prices in any suburb reflect three things: what is already there, what is coming, and how easy it is to get to the CBD. Here is how Glen Waverley stacks up:
| Amenity Factor | Glen Waverley | Impact on Value |
|---|---|---|
| Schools | 19 | Strong — school zones drive family demand |
| Parks | 18 | High — green space is a premium driver |
| Dining & Cafes | 114 | High — walkable lifestyle premium |
| Medical | 21 | Strong — healthcare proximity matters |
| Supermarkets | 5 | Convenient |
| Gyms & Fitness | 3 | Some options |
Total amenity score: 200 verified businesses. This puts Glen Waverley in the top tier for amenity density, which directly supports premium pricing.
Schools (Key Value Driver)
Glen Waverley has 19 schools — school zone boundaries are one of the strongest price drivers in Melbourne property:
| School | Address |
|---|---|
| Huanya Cultural Training Centre | — |
| Glen Allen School - Reception | — |
| Victoria Police Academy | 1 View Mount Road, Glen Waverley |
| Holmesglen Institute of TAFE - Glen Waverley Campus | — |
| Glen Waverley Secondary College | 13-21 O’Sullivan Road |
| Brentwood Secondary College | 83-87 Watsons Road |
| Glen Waverley South Primary School | 65-71 Watsons Road |
| Glen Waverley Primary School | 774-808 High Street Road |
Check zone boundaries at findmyschool.vic.gov.au.
Rental Market
| Unit Type | Weekly Rent (est.) |
|---|---|
| 1 Bedroom | $420–$550 |
| 2 Bedroom | $580–$750 |
| 3 Bedroom | $750–$1,100 |
Rental yield estimate: 3.0–3.5% (higher yields in more affordable suburbs).
See our detailed Cost of Living Guide for full cost breakdown.
Before You Buy in Glen Waverley
- Check school zones — findmyschool.vic.gov.au determines your designated school
- Review planning overlays — heritage, flood, bushfire at your local council
- Check flood risk — planning.vic.gov.au
- Attend auctions — quoted ranges in Glen Waverley are guides, not guarantees
- Get a building inspection — non-negotiable for any house purchase
- Talk to locals — knock on a neighbour’s door. They will tell you what agents won’t
Key Links for Glen Waverley Property Research
- Domain — current listings and recent sales
- realestate.com.au — price history and suburb profiles
- REIV — quarterly median prices (the official data)
- ABS Census — population and demographic data
Related Guides
- Best Restaurants in Glen Waverley
- Best Cafes in Glen Waverley
- Best Bars in Glen Waverley
- Cost of Living in Glen Waverley
- Glen Waverley Neighbourhood Guide
- Family Guide to Glen Waverley
- Is Glen Waverley Safe?
- Glen Waverley Transport Guide
Last updated: March 2026. This guide is refreshed when OpenStreetMap data changes — new openings, closures and corrections are reflected automatically. Found something wrong? Let us know.
Sources
- OpenStreetMap Contributors — openstreetmap.org — accessed March 2026
- ABS Census 2021 — abs.gov.au/census
- REIV Quarterly Median Prices — reiv.com.au
💬 Discussion
Join the conversation — no account needed