Glen Waverley, VIC 3150

Glen Waverley is one of Melbournes most established and tightly held suburbs in Eastern Melbourne. It offers a rare combination of good schools, strong transport, shopping convenience, family-friendly streets, and long-term buyer demand. It may not be the cheapest suburb in Melbournes east, but for many buyers, the premium is justified by the school and lifestyle it offers.

The suburb is especially popular with families who are seeking quality education, and professional couples wanting convenient transport into the city, and investors looking for suburbs with strong rental demand and long-term appeal.

Glen Waverley Secondary College is one of the top Government schools and the reason many young families target the area. Demand for homes within the school zone is high and this directly translates to buyers paying a $500k premium to live in the school zone. Buyers buying for the school need to be careful, because the wrong street or house number can make a big difference between in the zone or out of the zone. Demand for places in the school is often very high and the school is very strict with the zoning to be fair to all students.

Transport is another strength in Glen Waverley. The Glen Waverley Train Station and the upcoming Suburban Rail Loop give residents a direct train line into the CBD, airport and the Northern suburbs, while the M1 and M3 motorways are no more than a 10 minutes drive away. The commute is practical, although peak-hour traffic around The Glen, and major arterial roads can be slow.

Lifestyle in Glen Waverley is another highlight. The locals often view The Glen shopping centre as a Chadstone Shopping Centre Lite. It is a complete shopping centre and has all the lifestyle necessities, supermarkets, retail, restaurants, cafs, gym and everyday services all in one place. Kingsway in Glen Waverley, is just a 10 minutes stroll from The Glen, and is well-known for its dining. It gives the suburb a vibrant feel, compared to many surrounding suburbs. There are also parks, sporting facilities and quiet residential pockets, which helps Glen Waverley appeal to both young families and downsizers.

The community has a strong multicultural character, with a particularly strong Asian influence. This is reflected in the food, shops, education focus and general family-oriented feel of the suburb. For many residents, Glen Waverley generally feels safe and convenient. Like any suburbs, area around the shopping centre, train station is busier, but the residential streets are generally quieter and well curated. Residents take pride in their streets and homes, and it shows.

From a property perspective, Glen Waverley offers a mix of older weatherboard and brick-veneer homes, renovated family homes, townhouses, units, apartments and newer luxury French Provincial and modern styles. Full-sized blocks are highly sought after, especially those with development potential or within preferred school zones. Having helped buyers bought over $100mil worth of properties in recent years, my advice to buyers is buyers should not assume every Glen Waverley property is a blue-chip purchase. Location is important. In the wrong location, properties can suffer when it comes to long-term performance.

With its high entry price, Glen Waverley is no longer a value suburb in the traditional dollar sense. It is attracting high net-worth professionals, and competition can be fierce for well-located, updated homes in move-in conditions.

For investors, Glen Waverley offers strong rental demand, particularly from families wanting access to good school, professionals needing transport. One thing to note though, despite the strong rental demand, rental yields are usually not the best, compared with more affordable suburbs. Investors buying here are usually after strong capital growth rather than a high-yield strategy.

Significant development has been planned around the train station, Glen Waverleys main activity centre. When the Suburban Rail Loop is complete in 2035, significant changes in the area are expected. Parcels of land had been sold to developers and more high-rise apartments and shopping centres are being planned. While this further enhances the amenity and long-term growth potential, buyers should pay close attention to zoning, neighbouring development potential and how future density may affect your privacy, traffic and streetscape.

Overall, Glen Waverley is best for buyers wanting a premium, convenient, established, education-focused suburb with long-term demand. It suits families, professional couples, downsizers who want amenities nearby, and investors who prioritise growth over yield.

The suburb is not perfect. There are pockets with higher industrial traffic, particularly along Waverley Road.

Rayson L.
Concierge Buyers Advocates
Rayson L., Director and Principal Buyers Advocate at Concierge Buyers Advocates. Based in the heart of Glen Waverley, Rayson has spent over 10 years helping Melbourne home buyers and investors understand the quality, property value, school-zone and demand and of the suburbs in Eastern and South Eastern Melbourne.

I have grown up in this suburb, brought my children up here and will leave when we downsize soon.
The suburb has vastly changed over the years .pros: New houses being built everywhere, safety, quiet neighbours, in demand schools, great Asian restaurants,
Cons: Overgrown gardens and nature strips, terrible drivers who actually don’t know the basic road rules, congestion and cars parked on streets, lack of care by neighbours about others or the state of properties.

Great schools is the drawcard in GW eg: https://www.highvalesc.vic.edu.au/ and Glen Waverley Secondary as well as primary schools Mt View and Glendal. All highly ranked.

The location is very safe area. There are plenty of shops, supermarkets and eateries. Ample of outdoor car park and public transport. The parks, tennis courts and swimming pools and other sport groups are numerours.

Grateful to meet so many amazing people who make the Glen Waverley community. We are so lucky to be surrounded by top schools, quality restaurants, beautiful parks and reserves and a multi cultural environment. Who wouldn't want to call Glen Waverley home!

Living here for past 2 years and loving it for its lush green surrounding , best of schools, best of parks, play areas, top mall, best of market place and i can keep going on. Best best to live.

Glen Waverley is a bustling suburb with everything at your disposal from a variety of shops, clothing to food and essentials and necessities. The Glen Shopping Centre is a huge and a premier shopping centre with an excellent choice of shops to choose from such at Myer, Woolworths and David Jones. Once you’ve shopped to your heart’s content, you can indulge in a multi-cultural selection of food. With Kingsway and Century City Walk entertainment centre, you are not short of great food and restaurants which is mainly Asian orientated. You are also spoilt for choice and can enjoy karaoke, bowling, movies or relax in the tavern lounge. Only a short stroll takes you to Glen Waverley train station. With a good selection of schools in the area, namely Glen Waverley Secondary College, Glen Waverley Primary School and Wesley College Glen Waverley this suburb is surely growing.

For a standard 3-bedroom unit, you can expect to pay approx $520.00 per week in rent.

If you are looking for a rental property or looking for an agent to lease out your rental property, please contact me directly on 0411 062 462 or [email protected]

Anna Molinaro, Property Manager OBrien Real Estate Blackburn.

I've been living in Glen Waverley for about 6 years and I really loved it here. I love the convenience of it, like I can walk 10 minutes to The Glen, to train station and to Kingsway where you can find various restaurants which are Budget friendly. People are so nice. Most of them are families and professionals. There's low crime rates. I feel safe living here and if you have school age children, Glen Waverley secondary school is one of the best public school in Melbourne.

Love the Restraunts the food the karaoke bars hotel Strike bowling The shopping center village cinemas desserts bars great multicultural suburb lots of parks and city 35-40min drive away

I live a few suburbs away, I love to travel up to Glen Waverly for their variety of Restaurant. With the new upgrade to the Glen shopping centre, the options for dining is endless. In my very busy day life, there are so many late night dining options from Japanese, Burgers or a sweet treat crepe. Abosolutely love it here.

Andrew Chhang
Leyton Real Estate
Springvale
0435 931 275