Glen Waverley Property Prices: 9.2% Growth

Glen Waverley recorded a median house price of $925,000 at the end of June, outpacing every adjacent suburb by at least three percentage points in the latest quarterly figures.

The result arrives as buyers seek value after two years of uneven price movement across the wider district. Families priced out of inner pockets have shifted focus to established pockets where schools and transport already exist, pushing transaction volumes higher than in 2024.

Properties along Springvale Road near the Kingsway strip and around the Glen Waverley Community Centre have drawn the strongest interest, with several three-bedroom homes selling within two weeks of listing. Local agents note that buyers often combine a morning inspection at the centre with a walk to the nearby primary school on High Street Road.

Price data and buyer profile

CoreLogic records show Glen Waverley values climbed from $847,000 in June 2025 to the current $925,000 median, a gain larger than the 5.8 percent rise posted in the closest neighbouring postcode. Auction clearance rates averaged 72 percent across the suburb in the past three months, compared with 61 percent in the surrounding area.

Most recent purchasers have been first-home buyers and young families using the state’s shared-equity scheme, which caps the deposit requirement at 5 percent for eligible properties under $1 million. Three sales on Gallaghers Road in May each cleared at or above the $980,000 mark, setting a new street record.

Next steps for buyers

Inspectors advise checking the July listings on the eastern side of Springvale Road first, where several four-bedroom homes are scheduled for auction before the end of the month. Prospective buyers should also review the latest school-zone maps published by the education department to confirm eligibility for the two primary schools inside the suburb boundary.

Interest rates are expected to stay on hold through August, giving buyers a short window to secure finance before the spring selling period begins.

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.