Mount Waverley at a glance
Median house
$1,640,000
Median unit
$1,112,000
Walk score
90
Walker's paradise
Population
35.3k
Median age 40
The brief
What to know about Mount Waverley.
The postcode for Mount Waverley is 3149 (VIC), part of Greater Melbourne.
The median house price in Mount Waverley is $1,640,000.
Mount Waverley (3149) sits in the Monash region of Victoria. The median house here is $1,640,000, well above the Victoria median of around $850K.
Mount Waverley has roughly 35,340 residents, with a typical family-age mix. Households are mostly owner-occupied. Day-to-day life here is very walkable, with most errands manageable on foot.
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Day to day
What it’s like to live here.
Mount Waverley scores 90/100 on walkability, which makes it very walkable with limited public transport. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 8 government primary, 2 government secondary, 6 Catholic, 2 independent.
Who lives here
Demographics.
The 2021 Census put Mount Waverley's population at 35,340, with a median age of 40. That sits as a typical family-age mix. Households are mostly owner-occupied (73% own, 24% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (77% family households, 19% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
35,340
Median age
40
Family households
77%
Lone person
19%
Demographics data as of May 2026· ABS 2021 Census
Houses change hands at $1,640,000 on a typical sale, well above the Victoria median. Units come in around $1,112,000, roughly 32% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $328,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
The price of a home here.
Median house price
$1,640,000
+0.0% over the past year. Median unit price $1,112,000.
Sales data as of May 2026· sales-vic
Rental and ownership
Weekly rent (house)
$695/wk
Weekly rent (unit)
$476/wk
Owner occupied
73%
Renter occupied
24%
At a deeper level
$1,640,000
$1,112,000
35,340
Median age: 40
Rental data as of September 2025· rental-vic
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For investors
Investment overview.
Gross rental yield on houses sits at 2.20% (median rent $695/wk against a $1,640,000 price tag). Units yield 2.23% gross, often the better cash-flow play for first-time investors. Renter share is modest (24%), so the rental pool is smaller and tenant demand can be patchier than in higher-density suburbs.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.20%
Based on $1,640,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20262.23%
Based on $1,112,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202673%
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
1,688
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
90
20
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Mount Waverley.
Local schools for Mount Waverley
View the catchment for each school to find out more.
Government School Catchment
Mount Waverley Primary School
Mount Waverley Secondary College
Syndal South Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Mount Waverley.
- What is the median house price in Mount Waverley?
- The median house price in Mount Waverley, VIC 3149 is $1,640,000. The median unit price is $1,112,000.
- What is the Mount Waverley postcode?
- Mount Waverley is in the 3149 postcode, in VIC, in the City of Monash region.
- Where is Mount Waverley?
- Mount Waverley is a suburb of Melbourne, in VIC 3149. It is part of the Greater Melbourne area, in the City of Monash region.
- What is the average rent in Mount Waverley?
- The median weekly rent for houses is $695, for units it's $476.
- What schools are in Mount Waverley?
- There are 20 schools serving Mount Waverley on this page, including Holy Family School, Mount Waverley Primary School, Avila College.
- How walkable is Mount Waverley?
- Mount Waverley has a Walk Score of 90 out of 100, very walkable. transit score 20, bike score 100.
- What suburbs are near Mount Waverley?
- Mount Waverley is close to Jordanville, Pinewood, Syndal, Ashwood, Chadstone.
- What is the population of Mount Waverley?
- The population of Mount Waverley is approximately 35,340 (2021 Census). The median age is 40.
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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