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Mount Waverley, VIC 3149

Home » VIC Real Estate Data » Monash City, VIC » Mount Waverley, VIC 3149

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Mount Waverley, VIC 3149 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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3BR

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5BR

Rent 

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3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Mount Waverley, VIC 3149”

  1. The total adult population (15 years or older) of Mount Waverley 3149 VIC is 29,344, with a median age of 40. Of those, 55.35% are married, 7.58% are divorced or separated, 31.73% are single and 5.34% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $9,532. The median monthly mortgage repayment for households in this suburb is $2,600 which is 27.28% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Victoria, the suburb of MOUNT WAVERLEY 3149 is home to approximately 15,931 households. As we look into the third quarter of 2023, the typical price for houses in this suburb fetches an impressive $1,834,982, with a median weekly rental figure standing at $539. This equates to an indicative yield of 1.53%, a figure that might not fall in favourable terms for yield-focused investors seeking a minimum yield of 3%.

    From a socioeconomic perspective, MOUNT WAVERLEY is thriving with an IRSAD score of 1092 out of 1217, indicating excellent socioeconomic conditions, including accessibility to economic resources and higher income levels. The suburb presents a solid investor profile with a renter to owner ratio of 24%, well below the 30% threshold that is often considered a saturation point in rental markets.

    Further, the units to houses ratio is only 19%, suggesting that the area isn’t oversaturated by the rental supply of units and thus potentially ensuring less competition among landlords for tenants and stability of rental yields. Areas with lower ratios typically attract families, who tend to offer longer tenancies.

    However, the affordability index for houses in MOUNT WAVERLEY significantly exceeds the preferred 30-year mortgage term at 75 years, highlighting a potential issue regarding the affordability of the local property market.

    The property supply looks favourable, with stock on market Percentage recording a meagre 0.25%, well below the 1.3% mark which can indicate high supply. Additionally, the inventory for houses stands at a particularly low 0.8 months, indicating a low-supply market and potentially suggesting heightened competition among home buyers.

    Despite higher market prices, houses seem to move relatively swiftly in this suburb, as represented by the 24-days Average Time on the Market for houses. building approvals Ratio, on the other hand, stands at 0.61%, which reflects balanced market conditions between newer and existing dwellings.

    Adding to the suburb’s appeal is the extremely low combined vacancy rate of 0.91% for both houses and units, indicating consistently high rental demand in the area.

    Although the buy search index is at a neutral level of 3, this does not necessarily dampen MOUNT WAVERLEY 3149’s potential investment appeal. Each suburb and property market can present unique opportunities if investors base their considerations on both favourable and less favourable metrics, and hone in on the most relevant factors for their individual investment strategies. The Relative Composite Score, developed by HtAG Analytics, can further help consolidate a glimpse of the 80 odd metrics studied, offering a more comprehensive view of the market status.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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