Mount Waverley vs Chadstone
Chadstone (median $1,200,000) is roughly 27% cheaper to buy into than Mount Waverley ($1,640,000).
Buying in Mount Waverley or Chadstone?
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Mount Waverley and Chadstone side by side
| Measure | Mount Waverley | Chadstone |
|---|---|---|
| Price and market | ||
| Median house | $1,640,000 | $1,200,000 |
| Median unit | $1,112,000 | $893,000 |
| Renting | ||
| House rent | $660/wk | $630/wk |
| Unit rent | $540/wk | $580/wk |
| Owner occupied | 73.0% | 58.0% |
| Renter occupied | 24.0% | 39.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1116 | 1113 |
| Lifestyle and people | ||
| Walk score | 90 | 70 |
| Transit score | 20 | 0 |
| Bike score | 100 | 100 |
| Population | 35,340 | 9,552 |
| Median age | 40 | 35 |
| Climate | ||
| Annual rainfall | 794 mm | 748 mm |
| Mean max, January | 26.3°C | 26.3°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Mount Waverley scores higher on walkability (90/100 vs 70/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Mount Waverley (1116) sits above Chadstone (1113). Mount Waverley skews owner-occupied (73%), Chadstone runs more rental-dense (58% owner).
- For buyers
- Chadstone is the lower entry point at $1,200,000 median, 27% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Chadstone offers the higher gross rental yield (2.73% vs 2.09%), favouring cash-flow investors.
- For families
- Mount Waverley edges out on average school ICSEA (1116 vs 1113).
Mount Waverley vs Chadstone: common questions
Is Mount Waverley or Chadstone cheaper to buy in?
Chadstone has the lower median house price at $1,200,000, roughly 27% below Mount Waverley ($1,640,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Mount Waverley or Chadstone have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Mount Waverley scores 1116 vs 1113 in Chadstone. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Mount Waverley or Chadstone?
Mount Waverley scores 90/100 on walkability vs 70/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Mount Waverley or Chadstone?
Gross rental yield on houses is 2.73% in Chadstone vs 2.09% in Mount Waverley. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
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