Antony Bucello
National Property Buyers (VIC)
Melbourne, VIC+9
Melbourne · Eastern Suburbs
Mount Waverley is a large, established suburb known for its family-friendly atmosphere, leafy green streets, and strong focus on education. It offers a quieter, more residential feel than its bustling neighbours, with generous block sizes and a mix of post-war homes and modern new builds. The suburb is characterised by its numerous parks, reserves, and strong community vibe.
Last reviewed 14 May 2026
Market snapshot
Official figures
Read 6 October 2026
Median house price by year1
At the 2021 Census
Sources
Mount Waverley 3149 · Eastern Suburbs. Medians describe sales, not the value of any one home.
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Why a buyers agent
In Mount Waverley, the difference between a good purchase and a great one often lies in hyper-local knowledge that data alone can't provide. The most significant nuance is the Mount Waverley Secondary College zone, where property values can differ dramatically from one side of the street to the other. A skilled buyer's agent has an intricate understanding of these invisible boundaries and the premium they command. An agent can help buyers navigate the diverse housing stock, from original 1960s homes with renovation potential to modern, multi-unit developments, identifying quality builds and flagging properties with hidden issues. They can also provide clarity on the different pockets of the suburb, each with its own character, from the leafy hills near Valley Reserve to the more convenient areas closer to the train stations.
Home to the highly sought-after Mount Waverley Secondary College and other prestigious schools like Huntingtower and Avila College, the suburb is an education hotspot that drives consistent property demand.
With its leafy streets, numerous parks, large backyards, and a strong community feel, Mount Waverley offers an idyllic and safe environment for raising a family.
Two train stations, comprehensive bus networks, and easy access to the Monash Freeway ensure residents are well-connected to the CBD, Chadstone, and other key employment and lifestyle hubs.
The suburb is rich in parks and reserves, including the significant Valley Reserve and Damper Creek Trail, providing residents with ample opportunities for recreation and relaxation in natural settings.
Compare
| Metric | This suburbMount Waverley | NearbyGlen Waverley |
|---|---|---|
| Median house | $1,618,000 | $1,722,000 |
| Median unit | $1,133,000 | $905,500 |
| Year-on-year growth | +0.2% | +4.3% |
| 5-year growth | +24.5% | +32.1% |
| Rental yield | Not available | Not available |
| Postcode | 3149 | 3150 |
Official medians for 2025 from the state Valuer-General, and our calculations from them. Sources are on each suburb page.
The place
Mount Waverley, located approximately 16km southeast of Melbourne's CBD, is a premier destination for families seeking a blend of suburban tranquility and excellent amenities. The suburb's character is defined by its leafy, undulating streets, generous land sizes, and a strong sense of community. Education is a major drawcard, with the highly sought-after Mount Waverley Secondary College (with separate junior and senior campuses) being a primary driver of property demand. Other respected schools include Huntingtower School, Avila College, and numerous well-regarded primary schools such as Mount Waverley Primary, Pinewood Primary, and Essex Heights Primary. Commuters are well-serviced by two train stations, Mount Waverley and Jordanville, both on the Glen Waverley line, providing direct access to the city. Multiple bus routes also crisscross the suburb, and the Monash Freeway runs along its southern border, offering convenient car travel. For shopping and dining, residents have several options. The Mount Waverley Village Shopping Centre on Stephensons Road offers a traditional strip-shop experience with cafes, restaurants, and essential services. The Pinewood Shopping Village on Blackburn Road provides another local hub with a cinema, supermarket, and eateries. For major retail, the suburb is conveniently located a short drive from The Glen and the iconic Chadstone Shopping Centre. Valley Reserve is a standout, a 15-hectare bushland reserve with an award-winning adventure playground, walking trails, and vital habitat for native fauna. Damper Creek Reserve also offers a beautiful linear park and walking trail.
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Official figures are cited in the figures block above. Editorial review: 14 May 2026.
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