Mount Waverley
Suburb profile, market snapshot and recent listings for Mount Waverley, VIC 3149.
About Mount Waverley
Welcome to Mount Waverley
Mount Waverley sits in Melbourne's south-eastern suburbs, roughly 17 kilometres from the CBD, bordered by Glen Waverley, Notting Hill, Wheelers Hill, Oakleigh East and Waverley. It's a suburb built firmly around family life, with leafy residential streets, established gardens and a population of 35,340 whose median age of 40 speaks to a settled, long-term community rather than a transient one.
The area appeals to families upgrading from apartment living, professionals wanting a quieter base with easy freeway access, and downsizers who want to stay close to familiar streets while trading a big block for something smaller. It's not flashy, but it's dependable — the kind of suburb people move to and then stay in for decades.
Lifestyle & dining
Mount Waverley's day-to-day life revolves around a scattering of local strips and neighbourhood cafés rather than one big entertainment precinct, which suits residents who prefer a quieter pace. For bigger nights out or a wider spread of restaurants and bars, Glen Waverley is only minutes away and has become one of the south-east's more exciting dining destinations, particularly for Asian cuisine. Locally, the suburb's own shopping strips offer solid everyday options — bakeries, casual eateries and coffee spots that double as informal community meeting points.
Shopping
Residents typically split their shopping between Mount Waverley's own small retail nodes, handy for everyday errands, and the larger Glen Waverley shopping precinct nearby, which brings in a supermarket-anchored centre, specialty grocers and a broader retail mix. This combination of local convenience and nearby big-centre variety is one of the more practical aspects of living here.
Getting around
Mount Waverley railway station, on the Glen Waverley line, gives residents a direct run into the CBD, making the suburb workable for city commuters who still want suburban space. Road access is another strong point, with the Monash Freeway running through the area providing fast connections to both the city and outer south-eastern growth corridors. Buses link the suburb to neighbouring Glen Waverley, Wheelers Hill and Oakleigh East, rounding out options for those not right near the train line.
Schools & families
Education is one of Mount Waverley's biggest drawcards. Families have a strong choice of primary schools within the suburb itself, including Mount Waverley Primary School, Mount Waverley Heights Primary School, Mount Waverley North Primary School and Essex Heights Primary School, alongside Holy Family School for a Catholic option. Huntingtower School adds an independent option locally. This depth of schooling choice, combined with the settled demographic profile, makes the suburb a longstanding favourite for families planning to stay put through primary and secondary years.
Housing & architecture
The suburb's housing stock is dominated by freestanding houses, which make up 63% of current listings, reflecting its mid-century subdivision pattern and generous blocks. Townhouses account for a notable 25% of listings, a sign of steady infill development and higher-density options for buyers priced out of standalone houses, while apartments and units sit at 11% and vacant land at just 1%. The mix gives buyers genuine choice between a classic house-and-garden setup and lower-maintenance alternatives without leaving the area.
The property market
Mount Waverley's median house price currently sits at $1.59 million, with recent growth of 1.9% pointing to a market that's moving steadily rather than spiking. Units and apartments offer a considerably more accessible entry point at a median of $790,000, appealing to first-home buyers or downsizers wanting to stay local. Renters face a median asking rent of $900 a week, reflecting strong ongoing demand for the suburb's combination of schools, transport and freeway access. Given the price gap between houses and units, many buyers priced out of the detached-house market are increasingly looking at the growing townhouse and apartment segment as their way into the suburb.
Market snapshot
Mount Waverley property market
Median sale price
$1.59m
House · 4 bed
Median rent
$900
per week
Gross rental yield
2.9%
annual rent ÷ sale price
Typical price range
Entry
$1.19m
Median
$1.59m
Premium
$2.29m
Days on market
37
Auction clearance
69%
Sold this year
246
Median sold price trend · House 4 bed
Compound growth +1.1% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Mount Waverley by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Mount Waverley, VIC 3149.
Population
35,340
residents (2021)
Median age
40
years
Household income
$2,066
median, per week
Median rent
$476
per week
Median mortgage
$2,600
per month
Mortgage / income
29%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Mount Waverley
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Mount Waverley
$1m
2/4 Rae Street
Sold ~July 2026
$1.08m
2/22 Marsham Road
Sold ~July 2026
$1.79m
4A Sunhill Road
Sold ~July 2026
$931k
2/16 Therese Avenue
Sold ~July 2026
$1.16m
19 Roland Street
Sold ~July 2026
$1.41m
9 Seaview Street
Sold ~July 2026
$1.74m
13 Meredith Street
Sold ~July 2026
$1.57m
32 Pamay Road
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Mount Waverley
Compare the area
Price map around Mount Waverley
Every listing for sale near Mount Waverley, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Mount Waverley suburb FAQ
What is the median property price in Mount Waverley?
The median house price in Mount Waverley, VIC is $1.59m for a 4-bedroom home. Over the past year, median sold prices have risen about 1.9%.
How much is rent in Mount Waverley?
The median weekly rent in Mount Waverley is around $900 per week.
Is Mount Waverley a good place to live?
Mount Waverley is a suburb in Melbourne, Victoria, Australia, 16 km (9.9 mi) south-east of Melbourne's Central Business District, located within the City of Monash local government area. Mount Waverley is an established residential suburb in VIC, with a population of around 35,340 and 10 schools in the area.
What is the population of Mount Waverley?
Mount Waverley has a population of 35,340 (ABS 2021 Census), with a median age of 40.
What schools are in Mount Waverley?
There are 10 schools in or near Mount Waverley, including Huntingtower School, Essex Heights Primary School and Holy Family School.
How long do homes take to sell in Mount Waverley?
Properties in Mount Waverley take around 37 days to sell on average, with an auction clearance rate of about 69%.
How much do you need to buy in Mount Waverley?
Entry-level properties in Mount Waverley start around $1.19m, while premium homes reach $2.29m.
What suburbs are near Mount Waverley?
Suburbs near Mount Waverley include Waverley, Glen Waverley, Notting Hill, Wheelers Hill and Oakleigh East.
Fresh to market
New this week in Mount Waverley
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Available now