property
Glen Waverley’s Gentrifying Pocket Attracting Young Professionals
A compact stretch near the station now draws buyers in their late twenties and early thirties who seek walkable access to work hubs and fresh amenities.
How we reported this
Property transfers in the pocket bounded by High Street Road and Myrtle Street rose 35 percent in the first six months of 2026, with 62 sales recorded to buyers under 35.
The timing aligns with expanded flexible work policies at two nearby employers that opened satellite offices along Springvale Road in late 2025, shortening commutes for staff who no longer need to travel daily into the central business district.
Street-level changes
Along Kingsway, the former light-industrial site at number 48 now operates as the Glen Waverley Co-Lab, a shared workspace that opened its doors in March and already lists 140 resident members. Two blocks east, the Waverley Gardens Community Program runs weekly after-work sessions on financial planning and home renovation that fill to capacity within 48 hours of announcement. These venues sit within a five-minute walk of the Glen Waverley railway station, where morning peak services run every eight minutes.
Real estate data compiled by local agency records show the median unit price in this pocket hit $685,000 in June 2026, compared with $512,000 in the same month two years earlier. Three-bedroom weatherboard homes on Myrtle Street that sold for $875,000 in 2024 now list above $1.05 million, with contracts settling in under 12 days when they carry modern kitchens and rear laneway access.
Next steps for buyers
Inspectors should review the July auction schedule published by the Glen Waverley Real Estate Board, which lists four properties on High Street Road and two on the southern end of Myrtle Street. First-home buyer grants administered through the local council remain available until December for eligible purchasers who secure finance before that date, and open-home times are published each Thursday on the board’s noticeboard outside the station entrance.
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.