Mount Waverley

Mount Waverley, VIC 3149, home to a population of 35,340 residents, offers a blend of urban convenience and green spaces. The suburb has a diverse age distribution, with significant numbers in the age groups of 5-19 and 45-64 years. The area attracts professionals and managers as the top occupations, reflecting a high level of educational advantage for students attending government schools. For house buyers, Mount Waverley presents a stable market with a moderate median price and a balanced supply-demand ratio. The high sale price IQR ratio could indicate opportunities for renovators. Unit investors benefit from a lower vacancy rate and a high market absorption rate, signaling high demand and potential price growth. Both property types can leverage the suburb's rental demand and affordable yields. Mount Waverley is a vibrant suburb with strong investment potential for both house buyers and unit investors. Home to a mix of professionals and families, the area offers a desirable lifestyle with good access to amenities and public transport options. The steady population growth and educational opportunities further contribute to the suburb's appeal for both residents and investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022