Demand
Soft▼ falling
Confidence: Moderate
Selling times are 8.3% above the five-year norm. Latest reading 38.0 against a five-year average of 35.1.
- Latest
- 38
- 12 months ago
- 39.25
- 5-year average
- 35.08
- 5-year range
- 25.8 – 41.4
Glen Waverley
A standing intelligence briefing: what the market is doing now, how that compares with its own five-year history, and the pipeline items that could change it.
- Median house
- $1,884,000
- Median unit
- $726,000
- Annual growth
- -0.4%
- Median rent
- $1,012
- Gross yield
- 2.8%
- Vacancy
- 1.9%
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APD View — Glen Waverley
Glen Waverley: conditions improving
Current data indicates conditions in Glen Waverley are improving. 14 indicators across 5 analytical dimensions inform this reading, with 50% pointing the same way.
Direction
Improving
Confidence
Moderate
Evidence strength
Strong
Direction describes where underlying conditions are moving. It is not a rating, a recommendation or a signal to transact — a market can be improving while remaining expensive, low-yielding or supply-exposed.
Why this confidence — Based on 14 indicators, 60 months of history, 50% of indicators pointing the same way, latest data 29 days old.
Evidence basis — Based on 14 indicators, 1 independent source, 60 months of history. Latest data 29 days old.
What changed
| Indicator | Now | 1 month | 1 quarter |
|---|---|---|---|
| 12-month price growth | -0.1% | -0.1% | -0.9% |
| Rental growth | 5.7% | 5.6% | 6.1% |
| Vacancy rate | 1.9% | 2.0% | 2.0% |
| Days on market | 38 days | 39 days | 41 days |
| Advertised listings | 203.28 | 205.75 | 216.88 |
| Population growth | 1.6% | 1.6% | 1.6% |
What supports this view
- 12-month price growth — -0.1% against a historical average of -0.4%. Annual price growth is running above its historical average. Historical percentile: 85.
- Median rent — $1,012 against a historical average of $882. Advertised rents sit above the historical average for this market. Historical percentile: 98.
- Vendor discounting — -3.6% against a historical average of -3.3%. Sellers are accepting smaller reductions than normal. Historical percentile: 3.
- Price-to-rent multiple — 35.84 against a historical average of 41.79. Prices are low relative to rents compared with the historical average. Historical percentile: 0.
- Sales volume — 92.4 against a historical average of 80.82. Transaction volumes are running above the historical average. Historical percentile: 72.
- Auction clearance — 64.1% against a historical average of 61.7%. A larger share of auctions is clearing than normal. Historical percentile: 72.
What works against it
- Building approvals argues the other way — Building approvals reads 51 against a 39 historical average (92th percentile), which works against the current reading.
- Median house value argues the other way — Median house value reads $1,885,583 against a $1,901,994 historical average (7th percentile), which works against the current reading.
- Rental growth argues the other way — Rental growth reads 5.7% against a 6.0% historical average (21th percentile), which works against the current reading.
- Days on market argues the other way — Days on market reads 38 days against a 35 days historical average (57th percentile), which works against the current reading.
- Building approvals — 50.82. Dwelling approvals are running above the historical average, pointing to more future supply. Historical percentile: 92.
- Median house value — $1,885,583. House values sit below the historical average for this market. Historical percentile: 7.
- Rental growth — 5.7%. Rental growth is running below its historical average. Historical percentile: 21.
- Days on market — 38 days. Properties are taking longer to sell than the historical norm. Historical percentile: 57.
Market signals
Each signal compares the latest reading with the suburb's own five-year record
Price Momentum
Strong▲ rising
Confidence: High
Annual price growth is 82.5% above the five-year average. Latest reading -.1 against a five-year average of -.4.
- Latest
- -0.07
- 12 months ago
- -0.28
- 5-year average
- -0.4
- 5-year range
- -1.1 – .2
Rental Conditions
Soft▼ falling
Confidence: Moderate
Vacancy is running 5.0% above the historical average. Latest reading 1.9 against a five-year average of 1.8.
- Latest
- 1.9
- 12 months ago
- 2.03
- 5-year average
- 1.81
- 5-year range
- 1.3 – 2.2
Rental Pressure
Soft— flat
Confidence: Moderate
Rental growth is 4.2% below the five-year average. Latest reading 5.7 against a five-year average of 6.0.
- Latest
- 5.73
- 12 months ago
- 6.18
- 5-year average
- 5.98
- 5-year range
- 5.2 – 6.6
Affordability
Strong▼ falling
Confidence: High
The price-to-rent multiple sits 14.2% below its five-year average. Latest reading 35.8 against a five-year average of 41.8.
- Latest
- 35.84
- 12 months ago
- 37.92
- 5-year average
- 41.79
- 5-year range
- 35.8 – 48.8
Supply
Soft▼ falling
Confidence: Moderate
Advertised stock is 4.9% above the five-year average. Latest reading 203.3 against a five-year average of 193.7.
- Latest
- 203.28
- 12 months ago
- 216.4
- 5-year average
- 193.72
- 5-year range
- 142.6 – 230.2
Liquidity
Strong▼ falling
Confidence: High
Transaction volumes are 14.3% above the five-year average. Latest reading 92.4 against a five-year average of 80.8.
- Latest
- 92.4
- 12 months ago
- 86.59
- 5-year average
- 80.82
- 5-year range
- 58.2 – 97.8
Population Growth
Neutral▼ falling
Confidence: Low
Population growth is in line with the longer-run average. Latest reading 1.6 against a five-year average of 1.6.
- Latest
- 1.56
- 12 months ago
- 1.64
- 5-year average
- 1.55
- 5-year range
- 1.4 – 1.7
Development Risk
Weak▲ rising
Confidence: High
Dwelling approvals are 29.9% above the five-year average. Latest reading 50.8 against a five-year average of 39.1.
- Latest
- 50.82
- 12 months ago
- 36.07
- 5-year average
- 39.12
- 5-year range
- 25.5 – 51.5
Investor Activity
Neutral▼ falling
Confidence: Low
Gross yields are 3.3% above the five-year average. Latest reading 2.8 against a five-year average of 2.7.
- Latest
- 2.8
- 12 months ago
- 2.71
- 5-year average
- 2.71
- 5-year range
- 2.4 – 2.9
Indicators
Latest reading against one, three and five years ago
| Indicator | Latest | 1yr | 3yr | 5yr | 5yr avg | 5yr range |
|---|---|---|---|---|---|---|
| Median house priceMiddle sale price for houses over the trailing twelve months. | $1,885,583 | -0.1% | -0.9% | -2.1% | $1,901,994 | $1,878,677 – $1,928,183 |
| 12-month price growthTwelve-month change in median house price. | -0.1% | +75.0% | +87.7% | — | -0.4% | -1.1% – 0.2% |
| Median unit priceMiddle sale price for units and apartments over the trailing twelve months. | $727,196 | -0.3% | -1.0% | -1.4% | $730,882 | $724,288 – $738,012 |
| Median weekly rentMiddle advertised weekly rent across all dwelling types. | 1,012 | +5.7% | +18.9% | +33.3% | 882 | 759 – 1,012 |
| Rental growthTwelve-month change in median advertised weekly rent. | 5.7% | -7.3% | -3.0% | — | 6.0% | 5.2% – 6.6% |
| Gross rental yieldAnnual gross rent as a share of median dwelling value. | 2.8% | +3.3% | +6.5% | +8.5% | 2.7% | 2.4% – 2.9% |
| Price-to-rent multipleMedian house price divided by annual median rent. | 36 | -5.5% | -16.7% | -26.5% | 42 | 36 – 49 |
| Vacancy rateShare of rental stock advertised and unlet. | 1.9% | -6.4% | +21.0% | +16.6% | 1.8% | 1.3% – 2.2% |
| Sales volumeNumber of dwelling transactions settled in the month. | 92 | +6.7% | +12.4% | +36.8% | 81 | 58 – 98 |
| Total listingsDwellings advertised for sale at month end. | 203 | -6.1% | +13.7% | +11.7% | 194 | 143 – 230 |
| Days on marketMedian time from listing to sale. | 38 days | -3.2% | +18.7% | +17.1% | 35 days | 26 days – 41 days |
| Vendor discountMedian gap between first asking price and sale price. | -3.6% | -14.6% | -4.3% | -21.1% | -3.3% | -3.6% – -2.8% |
| Auction clearanceShare of scheduled auctions reported sold. | 64.1% | +2.3% | +7.0% | +6.6% | 61.7% | 56.0% – 66.4% |
| Population growthAnnual resident population change. | 1.6% | -4.9% | +6.1% | +0.6% | 1.6% | 1.4% – 1.7% |
| Building approvalsDwellings approved for construction in the month. | 51 | +40.9% | +7.2% | +83.1% | 39 | 25 – 52 |
Source: Australia Property Data derived series (anchored to current market metrics). Percentage columns show the change from that point to the latest observation.
History
Monthly observations, last five years
Source: Australia Property Data derived series (anchored to current market metrics)
Source: Australia Property Data derived series (anchored to current market metrics)
Source: Australia Property Data derived series (anchored to current market metrics)
Source: Australia Property Data derived series (anchored to current market metrics)
What could change this market?
- Transport
Suburban Rail Loop East
Under construction · 2035
Reshapes access between middle-ring employment centres and lifts development capacity around six new stations.
Tunnelling underway between Cheltenham and Box Hill; precinct structure planning continues alongside.
- Transport
Metro Tunnel precinct uplift
Operating · Now
New CBD-fringe stations are already redirecting rental demand and apartment supply.
Station catchments at Parkville, Anzac and Arden are the focus of rezoning activity.
- Planning reform
Activity centre rezoning program
Announced · 2026-2028
Higher permitted densities across dozens of centres change the medium-term apartment pipeline.
Watch approval volumes in nominated centres for early supply signals.
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