The Mount Waverley suburb profile offers an insight into the rich lifestyle, diverse demographics, and thriving property market of this desirable Melbourne suburb. As part of our Suburb Intelligence cluster, this post aims to provide prospective residents and investors with a comprehensive understanding of Mount Waverley.

• The median house price in Mount Waverley is $1.64M according to DataVic and REIV for the April-June 2025 quarter.
• Mount Waverley has a population of 35,340 as of the 2021 ABS Census.
• The suburb experienced a 4.8% quarterly increase in house prices and a 9.3% increase in unit prices.

What do the numbers say in Mount Waverley?

Mount Waverley boasts a median house price of $1.64M for the April-June 2025 quarter, reflecting a 4.8% increase on a quarterly basis and a 2.7% year-on-year growth. Unit prices have also surged, with a median of $1.11M, marking a 9.3% quarterly rise and a 3.8% annual increase (Source: DataVic/REIV). These figures highlight Mount Waverley’s robust property market, appealing to both buyers and investors keen on entering a competitive marketplace.

The 2021 ABS Census records a population of 35,340 with a median age of 40, alongside a median household income of $2,066 per week. Renters in Mount Waverley can expect a median rent of $476 per week, indicating a vibrant rental market ideal for property investors.

What are the key considerations?

Living in Mount Waverley offers a balance of suburban tranquility and urban convenience. The suburb is well-serviced by a range of amenities, including reputable schools, shopping centers, and recreational facilities, making it ideal for families and professionals. Additionally, its proximity to Melbourne’s CBD ensures that commuting is convenient, a factor that enhances its desirability.

For those interested in investing in Mount Waverley, it is crucial to consider the current trajectory of property values and demand. The local market trend mirrors those seen in Mount Helen and Mount Duneed, where suburban appeal continues to drive demand and price appreciation.

How does Collings help?

At Collings Real Estate, we are committed to assisting clients in understanding the intricacies of the Mount Waverley property market. Our team of experienced property strategists is on hand to offer tailored advice and market insights to support decision-making processes.

Offering a wealth of local real estate knowledge comparable to our Glen Waverley suburb profile, our experts can aid in navigating buying or investing in Mount Waverley. We invite potential clients to talk to a Collings property strategist today.

Frequently asked questions

Is Mount Waverley a good place to invest? Yes, with a robust market demonstrated by continuous growth in both the housing and unit sectors, Mount Waverley remains an attractive place for investment.

What amenities are available in Mount Waverley? The suburb boasts comprehensive amenities including schools, parks, shopping centers, and excellent transport links.