Mount Waverley, VIC 3149
Monash City, Victoria
Good to Know
Mount Waverley, VIC 3149 is a high-value house market in the Monash City Council area, currently positioned as a long-hold capital growth submarket. Located roughly 16 km south‑east of Melbourne CBD, Mount Waverley is home to roughly 35,340 adults across 16,290 dwellings and currently records a vacancy rate of 1.75%.
According to HtAG Analytics, Mount Waverley is exhibiting a supply-constrained profile with tight listings. Stock on Market sits at 0.34% and Inventory at 2.63 months — around the ~3‑month balanced‑market threshold — driving -1.4% YoY price growth and +4.9% YoY rent growth.
What the market data is signalling
Mount Waverley shows falling short‑term prices (‑1.4% last 12 months) alongside rising rents (+4.9%). That mix, combined with a very low Stock on Market (0.34%) and quick days on market (28 days), points to limited listing supply pushing rental pressure higher even while capital values pause.
See the Markets in the Moment (MiM™) heatmap for where this supply/rent dynamic is strongest across metro Melbourne.
Who lives in Mount Waverley — and why it matters for investors
Mount Waverley posts a relatively high IRSAD (1079), indicating an affluent buyer base that typically supports lower volatility and resilient long‑term pricing. The renter/owner split (24.0% renters) sits in the neutral band, so investor demand competes with strong owner‑occupier interest.
Higher relative advantage on IRSAD can help capital growth over cycles — read more in the IRSAD Crossover study.
Why suburb-level data matters for Mount Waverley
Suburb metrics tell the real story: Mount Waverley's typical house price is $1,650,339, gross yield is 2.18% (below the 3% recommended threshold), Stock on Market is an opportune 0.34%, Inventory is 2.63 months, and days on market average 28 days. Council or LGA averages can mask these pockets — investment decisions should rest on the suburb's own figures.
Read our methodology on why localised metrics matter: LGA vs Suburb research. For a detailed download, get the full Mount Waverley, VIC 3149 data guide.
What's behind the RCS™ score of 72
HtAG's RCS™ (Rating Composite Score) bundles three independent dimensions — risk minimisation, capital‑growth potential and cashflow resilience — into one composite so you can match a suburb to strategy rather than headline price alone.
Dig into the sub‑score breakdown to see if Mount Waverley's 72 aligns with your goals and learn how the RCS™ is built. Or open Mount Waverley in HtAG Copilot to explore scenario tests.
Forward signals to watch
The vacancy rate — currently 1.75%: a balanced vacancy around this level typically keeps rents steady; a sustained fall below 1% would push stronger rental growth, while a rise above 3.5% would relieve rental pressure.
The building approvals ratio — currently 0.84%: this neutral reading signals moderate new supply pipelines that are unlikely to materially flood the market in the near term, but rising approvals would be a lead indicator to watch.
The Melbourne cycle phase: a city‑wide shift into stronger growth would likely amplify Mount Waverley's momentum given its tight listings; a broader slowdown would test near‑term capital returns despite firm rental fundamentals.
Does this area meet your investment goals?
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RCS Breakdown
Mount Waverley's RCS™ headline is an overall signal — but it doesn't tell you why. The three sub-scores below reveal whether that score is earned through risk minimisation, capital growth, or cashflow — and which portfolio brief it fits.
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Market Trends
Mount Waverley's headline values — $1,650K to buy and $690PW to rent, a 2.17% gross yield. Over the past decade, prices have moved 21.81% and rents 54.93% — the Yield series shows whether that gap is widening (price outpacing rent, yield compressing) or closing.
$1,650K is today. The 10-year trajectory reveals whether that's the top of a run, the start of a new leg, or somewhere mid-cycle. Sign up to unlock the entire trend line.
$690PW today, with rent growth at (+4.85% YoY) compared to price growth (-1.38%). That spread determines yield is expanding or compressing across the next cycle. Sign up to unlock the entire trend line.
Where is Mount Waverley in its cycle - and is the 2.17% yield holding?
Cycle phase tells you whether you're buying near the bottom (room to run) or top (compression ahead). Yield trajectory tells you whether cashflow is durable or being eroded — the single most important question for a long-hold thesis.
Cycle Phase
Cycle Position
Yield Trajectory
Rent vs Price Spread
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Area Risks
Property data alone won't flag the structural risks that can erode a long-hold position. Bushfire overlays, flood-zone exposure, and economic concentration sit outside the price feed but determine whether your capital is insurable, defensible, and structurally protected. Unlock to see.
Are there hidden structural risks shaping Mount Waverley's long-hold story?
Beyond the headline price, Mount Waverley carries risk signals a median can't show — hazard exposure from bushfire and flood overlays, and how narrowly local employment leans on a handful of sectors (the concentration the EDI score quantifies). Together these separate insurable, defensible long-holds from those carrying tail-risk that never surfaces in the headline number.
MADI Risk
EDI Risk
Bushfire
Flood
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Critical to know
Supply & Demand
Mount Waverley's headline numbers show where the market is today. The two cards below answer where it's heading. Direction is what separates a buy from a wait.
Is housing supply tightening or building up?
Stock on Market is one number — the trend is what matters. SoM, inventory, building approvals and hold period together reveal whether the market is starving for stock (price pressure up) or quietly building a pipeline (pressure down).
Stock on Market
Inventory
Building Approvals
Hold Period
Is buyer and renter demand heating up or cooling off?
Vacancy is one signal — the real question is whether demand is still building or quietly peaking. Days on market, vacancy, search index and clearance rate are the four pulse-points — when they diverge, they signal a turning point.
Days on Market
Vacancy Rate
Search Index
Clearance Rate
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Fundamentals
Mount Waverley can look solid on the surface — but the three layers below separate markets that genuinely hold value from ones that only look like they do.
Is Mount Waverley genuinely stable - or just expensive?
IRSAD hints at affluence, but socio-economic strength alone doesn't guarantee resilience. Combined with the renter-to-owner balance and unit-to-house ratio, you get the three signals that separate a tightly-held submarket from one carrying hidden volatility.
IRSAD
Renter to Owner
Units to Houses
Where do Mount Waverley prices go over the next 12 months?
Today's headline price is just a snapshot. Projected ROI and the volatility index tell you whether to commit capital now, wait for a softer entry, or rotate into a steadie submarket.
Projected Annual ROI
Volatility Index
Can you actually buy into Mount Waverley - and exit cleanly?
Tightly-held areas reward long-hold investors but punish anyone who needs liquidity. Annual sales and rental volume reveal whether your capital can reposition — or sits structurally locked in.
Annual Sales Volume
Annual Rental Volume
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Important to know
Education & Infrastructure
Mount Waverley looks tightly-held and stable on the surface — but the three layers below separate areas that genuinely hold value from ones that only look like they do.
Does Mount Waverley's school catchment + infrastructure pipeline justify the price?
School ranks anchor family demand and tenant quality. The active infrastructure pipeline shifts a suburb's price ceiling over the next 5–10 years. Together they tell you whether Mount Waverley has structural support for the next leg of capital growth.
School Rank
Hospitals & Employment
Infrastructure Spend
Transport Projects
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Full HtAG Intelligence
Mount Waverley shows potential. The platform tells you whether it's the best fit for your portfolio.
Price and yield are only the surface. HtAG reads the forces underneath — supply tightening or loosening, demand heating or cooling, and the risks that move slowly but decide long-term growth. Together they show whether Mount Waverley has the structural support for its next leg — or whether the numbers are running ahead of the fundamentals.
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)