Mount Waverley
VICMount Waverley is a stable suburb in VIC with 35,340 residents.
- SAL code
- 21816
- SA2
- 212051324
- Population
- 35,340
- LGA
- Monash
Mount Waverley, VIC had 35,340 residents at the 2021 Census, with the broader statistical area showing a 3.0% growth over the last five years. The predominant age group is 45-54 years, and the median age sits at 40. Households are most often couples with children, and those with a mortgage repay a median of $2,600 a month. Around 73.4% of homes are owner-occupied, with the largest single tenure being owned outright at 41.9%. Most dwellings are separate houses, making up 68.7% of the suburb's housing stock. The suburb has 78 parks and reserves mapped within its boundary. Source: ABS Census 2021 and Estimated Resident Population, with amenity counts from state Open Data and OpenStreetMap.
Suburb analysis
Mount Waverley, VIC at a glance
Mount Waverley is an established middle-east Melbourne suburb ~16 km south-east of the CBD in the City of Monash. Most homes were built between the 1960s and 1980s on generous lots, with steady knock-down rebuild and townhouse infill reshaping streetscapes near the train station and the Activity Centre. The data tiles below cover the demographic baseline; this card adds the live market, lifestyle and council pipeline.
For homebuyers
Mount Waverley suits people who want a settled middle-east Melbourne suburb with strong school catchments and a direct train into the city. The dominant feel is detached houses on bigger-than-average blocks, with newer townhouses filling in around the Mount Waverley Activity Centre and station. The Glen Waverley line runs from Mount Waverley station to Flinders Street in around 30 minutes (Metro Trains, May 2026). The Glen shopping centre is a short drive; Pinewood and Syndal village strips sit closer in. Recreation anchors include Damper Creek Reserve, Pinewood Reserve and the Valley Reserve walking trails. Mount Waverley Secondary College, Mount Waverley Primary, Glendal Primary and Syndal South Primary draw families across the catchment, and Wesley College's Glen Waverley campus sits next door. In short: a quieter middle-east option with school catchments, a CBD-bound train and ongoing infill near the Activity Centre.
For investors
Mount Waverley reads as a capital-growth market with thin yields. Median house ~$1.61M against a $730/wk house rent gives a gross yield around 2.37%; units sit at ~$947K with $700/wk rent for ~3.44% (Your Investment Property + propertyvalue.com.au, May 2026). 12-month house growth was -0.52% on propertyvalue.com.au's series, while units lifted ~2.88%. Roughly 499-507 house sales and ~204 unit sales in the past 12 months at 30-32 days on market — a deep, liquid market for a high-priced suburb.
Strengths
- Deep transaction market — ~700+ combined house + unit sales over 12 months keeps entry and exit straightforward (propertyvalue.com.au, May 2026).
- Direct Glen Waverley line train to Flinders Street in ~30 minutes anchors long-run owner-occupier demand.
- Strong state-school catchments (Mount Waverley Secondary, Mount Waverley Primary, Glendal, Syndal South) sustain a family-heavy tenant pool.
- Activity Centre Structure Plan (adopted 2021, C167) signals long-dated uplift around the station precinct.
Trade-offs
- Gross house yields ~2.37% (Your Investment Property, May 2026) — among the lowest in metro Melbourne; the case is capital growth, not cashflow.
- 12-month house median moved -0.52% on propertyvalue.com.au's read (May 2026) — flat-to-soft against pre-2024 trend.
- High entry price (~$1.6M house median) narrows the buyer pool and raises holding costs at current rates.
- Townhouse and apartment supply continues to lift around the Activity Centre, which can dilute unit growth into 2027.
What's coming
City of Monash's 2025/26 program funds the Mount Waverley & Wheelers Hill Libraries entrance renewals (~$550K, contract awarded to Black Sheep Construction, works from October 2025) and a Mount Waverley Reserve car park redevelopment. The Mount Waverley Activity Centre Structure Plan (Amendment C167) continues to guide 3-5 storey building envelopes around the station, with one site allowing 5-8 storeys. The broader Monash 10-year capital plan totals ~$665M including a $110M Glen Waverley Civic precinct (Monash 2025/26 Annual Budget).
Bottom line
For homebuyers: a settled middle-east suburb with a CBD train, strong school catchments and infill changing the centre. For investors: a capital-growth play with thin yields and a deep, liquid market — not a cashflow story.
Population
?35,340
Suburb · Census 2021
5-Year Growth
+3.0%
3yr: +5.5% · 10yr: +9.1%
SA2 · 5yr
Household Income
$2,066/wk
Suburb · Census 2021 median
Median Age
40
Suburb · Census 2021
Socio-Economic Index
?9/10
SA2 · least disadvantaged
Unemployment
?1.6%
SA2 · Q4 2025
Schools
10
8 primary, 3 secondary
Hospitals
No data for this suburb
Childcare services
?23
8 long day, 9 OSHC
Parks & green space
?78
Parks, reserves
Transport stops
?89
GTFS stops
Dwelling approvals
?150
Monash · Feb 2026
Median Weekly Rent
Based on rental bond lodgements recorded by the state government.
Median House Sale Price
Source: Valuer-General Victoria (suburb-level quarterly medians).
→ Calculate stamp duty on this suburb's median price→ Estimate mortgage repayments→ Calculate rental yield (price + median rent)
Safety & Crime
2025 Q4Reported incidents from VIC police. Offence rates may not reflect all crime.
Population over time — Mount Waverley - South (SA2)
ABS publishes annual estimates only at SA2; Mount Waverley suburb alone is ~35,340 (Census 2021).
Source: ABS ERP (latest release · 2025) · Census 2021. Numbers refreshed quarterly.
Growth at a Glance
Population grew from 16,422 to 20,659 over 24 years, averaging 1.0% per year.
Schools
10 in suburbSector
7 public · 3 private
Type
7 primary · 2 secondary · 1 K-12
Total enrolment
7,613
Avg per school
761
Government school catchment
Catchment data is not yet available for VIC.
Source when available: Victorian Department of Education / Vicmap School Zones.
Profile
Census snapshot
Housing
Public housing 0.7%Predominantly detached houses (68.7%), owner-occupied (73.4%), built for families (44% are 3 bed).
Dwelling mix
Tenure
VIC 29%
Number of bedrooms
Bushfire risk
Source: VIC DTP Designated Bushfire Prone Area
As of Apr 2026
Overlap is the percentage of the suburb's land area inside the mapped bushfire polygons. Always verify the exact property address with the relevant authority before making decisions.
Flood risk
Source: VIC DTP Vicmap Planning Overlay (flood codes)
As of Apr 2026
Overlap is the percentage of the suburb's land area inside the mapped flood polygons. Always verify the exact property address with the relevant authority before making decisions.
Planning zones
15 zones in suburb| Code | Zone | % covered | Area |
|---|---|---|---|
| GRZ3 | General Residential Zone Schedule 3Residential | 48.5% | 7.37 km² |
| NRZ3 | Neighbourhood Residential Zone Schedule 3Residential | 9.5% | 1.45 km² |
| GRZ2 | General Residential Zone Schedule 2Residential | 8.4% | 1.28 km² |
| PPRZ | Public Park and Recreation ZoneRecreation | 6.9% | 1.05 km² |
| SUZ6 | Special Use Zone Schedule 6Special use | 6.9% | 1.05 km² |
| TRZ2 | TRZ2Special use | 5.6% | 0.85 km² |
| GRZ11 | General Residential Zone Schedule 11Residential | 3.9% | 0.59 km² |
| NRZ2 | Neighbourhood Residential Zone Schedule 2Residential | 3.9% | 0.59 km² |
| PUZ1 | Public Use Zone Schedule 1Special use | 1.7% | 0.26 km² |
| PUZ2 | Public Use Zone Schedule 2Special use | 1.5% | 0.23 km² |
| C1Z | Commercial 1 ZoneBusiness | 1.4% | 0.21 km² |
| TRZ1 | TRZ1Special use | 0.8% | 0.12 km² |
| PUZ6 | Public Use Zone Schedule 6Special use | 0.4% | 0.07 km² |
| GRZ13 | General Residential Zone Schedule 13Residential | 0.3% | 0.04 km² |
| NRZ5 | Neighbourhood Residential Zone Schedule 5Residential | 0.2% | 0.02 km² |
Source: VIC DTP Vicmap Planning Zones (ZONE_VIC/2026-04-29/08783d2926383881) · As of Apr 2026. Zone boundaries are amended periodically; verify the exact property with the relevant council before relying on permitted use.