Glen Waverley, VIC 3150 is a vibrant suburb with a total population of 42,642 residents. Residents enjoy a high level of educational advantage, with an ICSEA Percentile for Government Schools at 87.6. The suburb has a diverse range of age groups, with good access to public transport for daily commuting, and a significant number of residents choose to work from home. The median household income is $1,918 per week, and the median mortgage repayment is $2,500 monthly. The suburb offers a well-balanced mix of occupations, with a notable presence of professionals, managers, and technicians/tradeworkers. For house investors, Glen Waverley presents a desirable investment opportunity given its strong market absorption rate of 18.6%. The suburb has shown consistent median price growth over the years, making it an attractive option for long-term capital growth. Additionally, the low vacancy rate and high room demand-to-supply ratio indicate a robust rental market. For unit investors, the suburb's relatively high yield median of 4.7% is appealing. The low discount median and solid market absorption rate of 16.2% suggest a healthy demand for unit rentals and potential for good returns. Glen Waverley offers residents a high-quality lifestyle with excellent educational opportunities, diverse demographics, and convenient commuting options. For property investors, both houses and units present promising prospects with potential for capital growth and solid rental yields. The suburb's stable market fundamentals, including low vacancy rates, good market absorption, and consistent population growth, make it an attractive choice for those looking for a blend of lifestyle and investment potential. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022