Glen Waverley Buyers Agent

Glen Waverley is a large suburb located 19 kilometers away from the east of Melbourne, In Victoria, Australia. It is one of the largest suburbs in Melbourne in terms of land area and is present within the local government area of Monash city. The first settlement in the area happened in the mid-nineteenth century, and the land was used for farming and cultivating orchards. The city was first named Glen Waverley in 1921; the name refers to the Edinburgh Waverley railway station mentioned in a novel by Sir Walter Scott.

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About Glen Waverley

Glen Waverley primarily includes the residential land area and extends from the Blackburn Road to the Dandenong Creek and from Highbury Road, East Burwood, to Ferntree Gully Road. According to the 2021 census, the estimated population for Glen Waverley is 41,928. Glen Waverley has a rich geographical variation ranging from river flats near the Dandenong creek to the hilly area between the Dandenong Creek and the Scotchmans Creek.

The Dandenong Creek borders the area from the east side, and the Waverley Road and View Mount Road are present in the south-east. The Ferntree Gully Road is in the south, and Blackburn Road and Highbury Road bound the suburbs from the west and the north, respectively. Springvale Road, a prominent distributor of the north-south region, roughly divides the suburb into two.

Why Glen Waverley?

The suburb gets its name after the Glen Waverley railway line, which terminates at the station in the area. Classified as a premium station, the suburb comes in the Metro Zone 2. The metro services operate every 7-8 minutes during peak hours, and during the off-peak periods, the service arrives every fifteen minutes. Metro departs platforms 1 and 2 with a frequency of 7–8 minutes in peak hours. The Syndal station is present to the west of Glen Waverley railway station.

Besides the full-fledged railway system, several buses operate in the vicinity. These bus services are jointly managed by Ventura Bus Lines and CDC Melbourne. The public transport carefully connects the important destinations in and outside the suburbs, such as the Monash University, Chadstone Shopping Centre, Eastland Shopping Centre, Westfield Knox, Rowville, St. Kilda, Glen Iris, Springvale, Blackburn, Mitcham, Dandenong, and Croydon.


Real Estate Highlights

Glen Waverley is the first station in the east phase and an essential stop in the upcoming $35 billion Suburban Rail Loop mega-project. Passengers will travel southwards from the Glen Waverley railway station to the Monash University, Clayton, or Cheltenham. They can also go northwards to Deakin University, Burwood, and Box Hill.

A multi-story apartment building on 52-54 O'Sullivan Road was built after knocking down the Walk Arcade complex located at the same place.
As per the reports by, the typical housing price in the suburbs has been changing each year. It goes up and down. The following graph shows the data since 2010.

Redevelopment worth $500 M has been completed in 2019 of The Glen, a local shopping center.


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Why should you invest in property in Glen Waverley?

Glen Waverley is popularly called the "The Centre of the Universe" by the local Chinese residents because of its prime location, ample basic and luxurious amenities, pleasant weather, and favorable living conditions.

In 2013, Glen Waverley as the seventh-highest sales of houses costing more than one million. Since then, the properties in Glen Waverley and neighborhood areas have shown outrageous price gains; the primary reason is an interest in the Asian property buyers, particularly from China. Glen Waverley is the only place in Oceania mentioned in the list containing the names of places referred to as the Center of the Universe.

With the construction of the IBIS Hotel at the southmost end of Kingsway, several multi-story apartment blocks began to show up on the skyline. IKON Glen Waverley is present between the Glen Waverley railway station and Kingsway. The 10-story apartment building contains an office, retail store, and a car parking complex. Major retail brands present in the shopping hubs are David Jones, Target, ALDI, Coles, Woolworths, UNIQLO, H&M, JB Hi-Fi, Chemist Warehouse, and Spotlight.

The northeast corner of the Glen Waverley includes a food court that is a perfect location to dine and enjoy the retail shopping experience. From 2015-to 2019, the area witnessed many residential development works, Glen being the major contraction project. It also incorporated the Sky Garden apartment complex that was completed in 2019, and the people have started residing there pre-COVID.

The suburbs have several churches, and the Victoria Police Academy is situated in the building formerly known as the Roman Catholic seminary. The Monash Council Building and Glen Waverley Library are also present in Kingsway.

Economy and Amenities

Springvale is the major arterial road running north to south three lanes in each of the four directions. Glen Waverley has successfully developed into a powerful business hub in the well-developed area of metropolitan Melbourne. Many multinational companies such as Toshiba, Ansell, and NEC have their regional headquarters in Glen Waverley.

Victoria's first McDonald's restaurant opened on 12 September 1973, was also situated at the corner of High Street, and it is the longest surviving MacDonald's before being demolished in 2016, and was revamped with a modern touch. Kingsway is the main suburb street that has transformed into a well-established dining and entertainment hub having a strong influence on the Asian culture. Apart from the Century City Walk, a massive cinema multiplex, several eateries and food joints, a Strike Bowling Bar, and a Village Cinem, furnished with Gold Class facilities are also present.

Glen Waverley has several esteemed hotels, including the Novotel Glen Waverley, Hotel Ibis, Waverley International Hotel, Apartments of Waverley, and the Quest Hotel. A sub-branch of the Monash Public Library Service is also present here.


Glen Waverley: Future Prospects

The Glen Waverley is expected to perform well in 2022 and beyond with the development of new infrastructure and a boost in industrial, residential, and apartment constructions. Projects estimated at $52 billion impacting the suburb and the surrounding areas are expected to initiate in the coming years. The Monash National Employment and Innovation Cluster (MNEIC) prioritizes education, health, and technology sectors in the Victorian suburbs, including Glen Waverley. The presence of international brands and companies makes the suburb a favorable location for residential and industrial investment.

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