Glen Waverley Property Market & Buyers Agents 2026

The Glen Waverley property market is a story of resilience and powerful, long-term fundamentals. With a median house price of $1.79M, it commands a significant premium over the greater Melbourne benchmark, a gap justified by its robust performance and deep-seated demand drivers. The market is heavily influenced by the catchment for Glen Waverley Secondary College, one of the state's top-performing public schools, which acts as a powerful magnet for families and underpins property values. This educational drawcard creates a consistent and often intense layer of demand that insulates the market from wider fluctuations.

Recent data shows a healthy year-on-year growth of 7.9% for houses, demonstrating sustained buyer interest even in a normalised market. Properties are selling relatively quickly, with an average of just 29 days on market, indicating that well-priced homes are readily absorbed. Supply dynamics are a key factor; the suburb is tightly held, with an average hold period of over 12 years, meaning stock levels are often constrained. This scarcity, coupled with persistent demand, creates a competitive environment for buyers.

Glen Waverley, located 19km southeast of Melbourne's CBD, is a large and prosperous suburb within the City of Monash. Its character is defined by a dynamic blend of quiet, leafy residential streets and a bustling, high-amenity urban core. The suburb is a major educational destination, anchored by the highly sought-after Glen Waverley Secondary College. Other excellent schools include Wesley College's Glen Waverley campus, Brentwood Secondary College, Highvale Secondary College, and numerous well-regarded primary schools like Glen Waverley Primary and Glendal Primary.

The suburb's transport infrastructure is a key drawcard. It is the terminus of the Glen Waverley railway line, offering direct and frequent services to the CBD from both Glen Waverley and Syndal stations. A major bus interchange also services the area, with numerous routes including the orbital SmartBus 902, providing extensive cross-suburban connectivity.

For shopping and dining, Glen Waverley is a premier destination. The newly redeveloped The Glen shopping centre features major retailers like David Jones, Uniqlo, and Target, alongside a vibrant fresh food market and dining precinct. Adjacent to this is the Kingsway, a famous strip of restaurants and cafes offering a vast array of Asian cuisines that create a lively atmosphere day and night. The Century City Walk complex adds further entertainment options with a cinema and bowling alley.

Green space is abundant, with 53 parks covering over 13% of the suburb. Major recreational areas include Jells Park to the east, Central Reserve with its sports ovals and skate park, and the tranquil Bushy Park Wetlands and Scotchmans Creek Trail for walking and cycling.