Monash · 3150

Glen Waverley, VIC

$5.0bn pipeline incl. Suburban Rail Loop East — Glen Waverley, population +7.8% (5y).

NextSuburb scoreTier B
62Strong
Median house
$1.75M
5y growth
6.3%/yr
Gross yield
1.4%
Vacancy
1.4%
Stable but fully pricedHigh confidence
Last updated May 2026Next refresh 3 June 2026Informational only — not financial advice

Eight-signal breakdown

Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.

  • Capital growth (5y)6.3%/yr
    63/100
  • Population growth+7.8% (5y)
    78/100
  • Supply tightening-5.0% YoY
    75/100
  • Rental yield1.4%
    28/100
  • Rental demand1.4% vacancy
    65/100
  • Income growth+16.0% (5y)
    64/100
  • Construction pipeline$5.0bn nearby
    100/100
  • Affordabilityabove cap
    0/100

Why this score

Glen Waverley scores 62/100 (Strong). The two strongest signals: $5.0bn of nearby construction and 7.8% population growth over five years. The standout watch-out: the median is 117% of a typical budget.

Drivers
  • Infrastructure pipeline$5.0bn nearby
  • Population growth+7.8% (5y)
  • Supply tightening-5.0% YoY
  • Tight rentals1.4%
Risks
  • At top of budget (117% of cap)
  • Thin gross yield (1.4%)

Nearest infrastructure

Suburban Rail Loop East — Glen Waverley0.0 km away

Construction · $5.0bn · completion 2035

Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.

Comparable suburbs

Three VIC suburbs in the same budget band with the closest NextSuburb scores.

See the full VIC ranking

60-month score history

Backfilled — live history begins May 2026
526271Jun 21Jun 22Jun 23Jun 24Jun 25May 26

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