Mount Waverley VIC Property Investment

THE MARKET

Median house price in Mount Waverley sits at $1,600,000 with 29 days on market and a 0.6% vacancy rate. This is a tight rental market right now.

- **Median house:** $1,600,000 | **Units:** $624,053 - **Gross yield:** 2.4% | **Net yield:** 0.9% - **Vacancy:** 0.6% (worsening) | **Rental demand:** Very High - **5yr price growth:** -0.2%/yr | **3yr forecast:** -0.2%/yr - **Days on market:** 29 (stable)

STR potential: $175/night at 66% occupancy = ~$42,158/yr gross. That's a **11% premium** over long-term rent — but factor in higher management costs and council rules.

BULL CASE

If Mount Waverley maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $1,840,000 within 3 years with yields compressing slightly as capital values rise.

Notable infrastructure: **Suburban Rail Loop (SRL) East - Mount Waverley Emergency Support Facility** (under construction). Plus 3 more projects in the pipeline.

BEAR CASE

A market correction or interest rate shock could see prices in Mount Waverley pull back 10-15% from $1,600,000, with vacancy rising to 1.1% and rental yields softening as tenants gain leverage.

WHAT TO DO

Mount Waverley offers balanced fundamentals but does not present an urgent buying signal. The market is in a correction phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

- Entry range: $1,440,000 – $1,760,000 - Minimum yield to target: 4.5% - Watch signal: vacancy staying below 2% and days on market holding under 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.