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Glen Waverley
Middle South East · VIC · 3150 · Monash
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URBANOS SCORE
Our model13/100
Our proprietary model — yield, supply pipeline, price growth, infrastructure and CBD proximity for new build investors
↓ Below Melbourne average·more data may improve this score as imports run
KEY METRICS
Gross yield
3.43%
Median rent / wk
$550
1yr price growth
-4.1%
Median unit price
$835k
Distance CBD
19.5km
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Data last updated: June 2026·Sources: CAV rent bonds, Valuer General, ABS Census, Victorian UDP·Stats reflect all properties in the suburb — new builds typically achieve higher yields and prices than the suburb median.
INFRASTRUCTURE & GROWTH DRIVERS
Suburban Rail Loop (Stage 1, under construction): SRL Stage 1 East station. Interchange with Glen Waverley line.
Level crossing removal (planned): Level crossing removal planned; SRL Stage 1 station.
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Active developments (6)
583 FERNTREE GULLY ROAD
Under construction~ Likely Eligible
$ – $
77 of 77 available
718-724 HIGH STREET ROAD
Off the plan~ Likely Eligible
$ – $
69 of 69 available
37-39 HUNTER STREET
Off the plan~ Likely Eligible
$ – $
26 of 26 available
740 HIGH STREET ROAD
Off the plan~ Likely Eligible
$ – $
14 of 14 available
1 RAILWAY PARADE
Off the plan~ Likely Eligible
$ – $
12 of 12 available
50 MONTCLAIR AVENUE
Off the plan~ Likely Eligible
$ – $
38 of 38 available