Glen Waverley Gets Rail Extension and Road Upgrades for Growth

Glen Waverley station recorded its busiest quarter in five years after the July 2026 announcement that construction will begin on the eastern rail extension linking the suburb directly to the outer ring network by late 2028.

The timing matters because federal funding for the project was locked in last month, giving buyers a clear two-year window before completion lifts connectivity and values along the corridor.

Local projects driving interest

Works will run parallel to High Street Road and include a new station entrance at the corner of Kingsway and Montclair Avenue. The Glen Shopping Centre, already the suburb’s main retail hub, has secured planning approval for a 1,200-space multi-level car park tied to the rail works. Further east, the Waverley Park redevelopment on Jells Road will add 180 townhouses with direct pedestrian access to the upgraded line.

Local agents report increased inquiries from buyers targeting streets within 800 metres of the station, particularly along View Mount Road and Myrtle Street where three-bedroom homes have traded steadily above $1.3 million since March.

Price evidence and next steps

CoreLogic data released this week showed Glen Waverley’s median house price reached $1.48 million in the June quarter, up 9.4 per cent from the same period last year, with clearance rates holding at 72 per cent across 68 auctions. Domain’s June report noted 14 properties sold on or near High Street Road in the past four months at an average of $1.52 million.

Buyers planning to enter before the 2028 opening should inspect properties along the corridor this month, secure pre-approval and monitor council updates on the Montclair Avenue station plaza design due for release in September.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.