The rental market
Median rent, yield and what is listed now in Mount Waverley, VIC 3149, from Victorian rental report, September 2025.
Current rent
What it costs to rent in Mount Waverley now.
Houses (median)
$660/wk
Units (median)
$540/wk
3 bedroom
$660/wk
2 bedroom
$540/wk
1 bedroom
$280/wk
Source: Victorian rental report, September 2025. Medians of new rentals recorded in the period.
Investor view
Rental yield against the purchase price.
$1,640,000
$660/wk
2.1%
Units: $540/wk against a $1,112,000 median, a gross yield of about 2.5%.
Gross yield = weekly rent × 52 ÷ median price. Before rates, insurance, management fees, maintenance and vacancy. The rental yield calculator gives a net estimate.
Renting and investing in Mount Waverley
What is the median rent in Mount Waverley?
In Mount Waverley, houses rent for a median $660 a week and units for $540 (Victorian rental report, September 2025). A median is the middle of the new rentals recorded in the period: half cost more and half cost less, so a specific property can sit well away from it.
What is the gross rental yield in Mount Waverley?
About 2.1% for houses: $660 a week is $34,320 a year against a median house price of $1,640,000 (Median · Land Victoria · the latest published quarter (updated May 2026)). Units come out at about 2.5% on a $1,112,000 median. Gross yield is before rates, insurance, management fees, maintenance and vacancy, so the net figure is lower.
What does a one, two or three-bedroom rental cost in Mount Waverley?
Median weekly rent by bedroom count in Mount Waverley: one-bedroom $280, two-bedroom $540, three-bedroom $660 (Victorian rental report, September 2025). Bedroom medians pool houses and units of that size, so a three-bedroom house usually sits above the three-bedroom figure and a three-bedroom unit below it.
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