Suburb Profile – Glen Waverley
Glen Waverley, located 20kms south-east of the city, is one of Melbourne’s most popular family-friendly suburbs. With good schools, a train station, a large shopping centre, and major parklands on its eastern border it is an ideal place to raise a family, or for anyone wishing to enjoy a slower pace of life.
The suburb has long featured strongly on the radar of families due to the very strong performance of Glen Waverley Secondary College, Mount Waverley Secondary College, and the nearby Wesley College and Caulfield Grammar – two of Melbourne’s best private schools.
The popularity of the suburb is clearly demonstrated by the fact that between 2005 and 2015 the median sale price of a house in Glen Waverley increased 191 per cent from $419,000 to $1,218,0001.
Units in Glen Waverley have also performed very strongly in recent years, with the median sale price of a unit increasing 47% from October 2013 to October 20162.
A definite highlight of Glen Waverly is the shopping options it provides. The Glen shopping centre, is located on Springvale Road and features a wide range of fashion, food and homewares shops as well as supermarkets and department stores.
Then there is the shopping mecca of Chadstone, located just 10kms down the road. ‘Chaddy’, as it is affectionately known, has more stores than any other shopping centre in Melbourne, including many of the world’s finest luxury retailers.
If getting out exploring the natural environment is more your thing, Glen Waverly is only 14kms from the thick temperate rainforest of the Dandenong Ranges. This picturesque area offers breathtaking scenery, picturesque winding roads and quaint hilltop villages, such as Olinda and Sassafras.
Situated in Melbourne’s laidback eastern suburbs, Glen Waverley is a great choice for both families and those who like to enjoy a relaxed lifestyle close to great amenities and stunning outdoor parks and spaces.
– Last updated November 2016.
1. Department of Transport, Planning and Local Infrastructure (2016), A guide to property values
2. Your Property Investment (2016), Suburb Profile Report For Glen Waverley VIC (3150)