ABS 2021 Census · Updated 31 March 2026
Mount Waverley is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 35,340, making it a sizeable community. Located approximately 16 km from the Melbourne CBD, Mount Waverley is a middle ring area in Victoria. The median household income is $107,432 AUD per year (ABS 2021 Census).
Mount Waverley benefits from a high-income resident base, supporting premium property pricing.
Map shows Mount Waverley, Victoria, Australia.
Official Australia Post postcode for Mount Waverley. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 9 schools within or near this suburb based on ABS 2021 data.
Find schools near Mount Waverley on My School →Estimated 14 parks and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →Mount Waverley's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links — making them attractive to families and long-term tenants. The median rent of $476/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,600/month. A median household income of $107,432/year supports premium property values and indicates a well-employed resident base.
With robust local demand and income levels, Mount Waverley is a natural candidate for patient investors.
Rental returns in Mount Waverley are attractive relative to purchase prices, supporting positive cash flow.
Older housing stock in Mount Waverley combined with strong buyer demand creates solid renovation upside.
Run the numbers on a Mount Waverley property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Mount Waverley is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Rental demand remains robust, with low vacancy rates and growing tenant pools keeping yields competitive. Mount Waverley remains on the radar of active property investors in Victoria.
Mount Waverley is a middle ring area in Victoria with a population of 35,340. The median rent is $476/week and the median household income is $107,432/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Mount Waverley include established amenities and transport access. 63% of dwellings are separate houses. The area has approximately 9 schools and 14 parks nearby.
According to the ABS 2021 Census, Mount Waverley has a population of approximately 35,340. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Mount Waverley is approximately 16 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.