All About Glen Waverley, Monash, VIC, 3150

Glen Waverley, situated within the City of Monash in Victoria, is known for its vibrant housing market, reflecting both the desirability and competitiveness of the suburb. This area has seen a robust demand, primarily driven by its proximity to Melbourne, reputable educational institutions, and well-established infrastructure. The housing market is diverse, offering everything from luxurious family homes on spacious lots to modern apartments and townhouses, catering to a wide range of buyers and investors. Recent trends have shown a steady increase in property values, driven by strong buyer interest and limited supply, making it a challenging but potentially rewarding market for homebuyers and investors alike. The area’s strong rental market is also noteworthy, attracting a significant number of tenants looking for quality housing close to amenities and public transport.

Living in Glen Waverley is often described as convenient and family-friendly, with residents enjoying a blend of urban comforts and suburban tranquility. The suburb offers a variety of lifestyle amenities, including The Glen Shopping Centre, local dining spots, cafes, and leisure facilities, all contributing to its lively community atmosphere. It's well-served by public transport, with the Glen Waverley train station providing easy access to Melbourne's CBD. The presence of top-tier schools, such as Glen Waverley Secondary College and Wesley College, makes it particularly attractive to families. Additionally, the area is surrounded by green spaces and parks, offering ample opportunities for outdoor recreation. Overall, Glen Waverley combines suburban charm with metropolitan accessibility, making it a highly sought-after location for those looking to enjoy a high quality of life within reach of Melbourne’s central business district.

Glen Waverley Real Estate Market Outlook

Thinking about buying in Glen Waverley? Now could not be a better time, with 21352 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,991,000 with prices in this suburb ranging from $323,000 to $11,419,000. The aproximate distance to the coast is 12 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Glen Waverley are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Glen Waverley classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Glen Waverley requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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