mount waverley

3149, Victoria

Real Estate & Property Information

Price Rank

mount waverley Suburb Profile & Review

Mount Waverley is a quiet, well established suburb in Melbourne's south-east. A fan of Sir Walter Scott named the township 'Waverley' in 1854 after the novel of the same name, and the 'Mount' was later added to distinguish the town from Glen Waverley. Today, an abundance of quiet bushland parks provide the suburb with its strong country atmosphere. Residents enjoy walking their dogs, playing with their kids and going for a run at Valley Reserve, Damper Creek Reserve and Federal Reserve, where there are wetlands and wide open spaces.

There are ten schools in Mount Waverley, including the esteemed Huntingtower School and Avila College. Mount Waverley Secondary College is a highly ranked public school with an enrollment exceeding 1800 students across two campuses.

Mount Waverley Village Shopping Centre and Pinewood Shopping Centre provide residents with a dynamic range of supermarkets, cafes and restaurants. Pinewood also houses Waverley Cinema, a small, beloved family-run cinema. Public transport is available in the form of two train stations on the Glen Waverley line: Mount Waverley and Jordanville stations. Trains take only half an hour to reach the city.

mount waverley Demographic Data

$ 740,000 Median House Price

23 Minutes Average Commute

41 Median Age

32,076 Population

51.42 % Female

48.58 % Male




What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in mount waverley, Victoria.

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mount waverley Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

mount waverley Median House Prices

  • 2008 $ 607,000
  • 2009 $ 650,000
  • 2010 $ 690,000
  • 2011 $ 800,000
  • 2012 $ 740,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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mount waverley 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in mount waverley have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term mount waverley property price predictions.

mount waverley Market Property Types

  • 80 % Seperate House
  • 12 % Semi Detached
  • 8 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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mount waverley Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

mount waverley Income & Mortgage Stats

  • $ 1,369 Median Weekly Household Income
  • $ 2,000 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in mount waverley

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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mount waverley Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

mount waverley Sold Property Prices

mount waverley Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

mount waverley Related Local Blog Posts

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Have Australians become a bunch of Whingers?

  Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523     Passed in: 194     Sold Before: 99     Sold After: 0     Postponed 14       Source:REIV   Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties

Melbourne’s Daily Average Visitors Nearing 1 Million

According to Population Estimates and Forecasts report nearly one million people will be visiting Melbourne on an average weekday within the next five years

Is Housing Affordability Creating A Gap Between The Rich and The Poor?

Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?

Households under Mortgage Stress Could Surpass 800,000

The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.

mount waverley Restaurants

  • The Proud Peacock71 Centreway mount waverley VIC 314903 9803 8862
  • Siam Village63 Centreway Pinewood Shopping Centre mount waverley VIC 314903 9802 8484
  • Sampoorna Vegetarian Surprise Indian Restaurant11 Essex Rd mount waverley VIC 314903 9807 0607

mount waverley Cafes

  • Mocha Vita Caffe Bar Restaurant307 Stephensons Roadmount waverley VIC 314903 9807 9383
  • Sphere1 Barlyn Rdmount waverley VIC 314903 9808 8654
  • 57 Cafe Bar Restaurant57 Centrewaymount waverley VIC 314903 9802 7025

mount waverley Schools

  • Avila College35 Charles Streetmount waverley VIC 3149(03) 9807 6677Catholic Secondary School
  • Holy Family Primary School250 Stephensons Roadmount waverley VIC 3149(03) 9807 3300Catholic Primary School
  • Huntingtower School77 Waimarie Drivemount waverley VIC 3149(03) 9807 8888Private School

mount waverley Childcare

  • ABC Learning Centre152/45 Gilby Rdmount waverley VIC 3149
  • Green Land Childrens ServicesCtr, 420 High Street Rdmount waverley VIC 3149
  • Hansen Street CC18 Hansen Streetmount waverley VIC 3149

mount waverley Kindergarten and Preschools

  • Glendal Preschool3 Lucerne Streetmount waverley VIC 3149
  • Highmount Preschool36 Lechte Roadmount waverley VIC 3149
  • Koala CC & Early Learning Ctr11 Marianne Waymount waverley VIC 3149

mount waverley Sporting Centres and Clubs

  • Mount Waverleymount waverley VIC 3149Bowling Club
  • Riversdale Golf Clubmount waverley VIC 3149Bowling Club
  • Huntingtower Schoolmount waverley VIC 3149Hockey Club

mount waverley Vets

  • All Animal Eye Servicesmount waverley VIC 3149
  • Animal Emergency Centremount waverley VIC 3149

Find out How Much your House is Worth in mount waverley

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