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
9 Springvale Road
Glen Waverley 3150 · House · 4 bed · 3 bath · 2 car · 712 m² land · built 1972
- Estimated value
- $1,922,000
- Valuation range
- $1,807,000 – $2,037,000
- Estimated rent
- $1035/wk
- Gross yield
- 2.8%
Estimate confidence: Moderate. Modelled from suburb medians and recorded transactions — not a valuation or financial advice.
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What would this property actually cost you?
Stamp duty, government charges, settlement cash and the monthly cost of holding it.
Work out the all-in cost →Transaction history
| Date | Event | Method | Amount |
|---|---|---|---|
| 1 November 2022 | Sold | Private sale | $1,777,000 |
| 1 November 2025 | Leased | APU derived record | $973/wk |
Market context
Signals for Glen Waverley
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
Comparable properties
| Address | Type | Beds | Estimate | Yield |
|---|---|---|---|---|
| No comparable properties tracked yet. | ||||
Local development activity
- 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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