Mount Waverley remains one of Melbourne’s most tightly held and high-performing suburbs for townhouse and multi-unit development. With strong school zones, established infrastructure, and consistent buyer demand, it continues to attract both developers and owner-occupiers looking to maximise land value.
Strong owner-occupier demand driven by school zones
Large block sizes suitable for subdivision (typically 600–900sqm)
Proven resale performance for 3–4 bedroom townhouses
Reliable demand across both investment and self-occupancy markets
The SRL East Draft Structure Plan (released March 2025) designates Glen Waverley as a major growth precinct with capacity for significant residential intensification. The planning scheme amendment — expected to be gazetted in 2026 — will formalise height limits and land use changes across the precinct. Developer activity is accelerating ahead of gazettal, with medium density townhouse and low-rise apartment projects proceeding under existing General Residential and Neighbourhood Residential Zone provisions.
The SRL investment is also forecast to drive a sustained uplift in surrounding residential land values.
Townhouses and 3–4 dwelling infill projects in school-zone streets remain strong performers — buyers pay a premium for proximity to Glen Waverley Secondary College, one of Victoria’s most sought-after state schools. Median townhouse values in the suburb are tracking above $1.1M, supporting viable development margins for 3-bedroom product on standard allotments.
City of Monash. Mix of General Residential Zone (GRZ2) and Neighbourhood Residential Zone (NRZ) in outer streets, with higher intensity zones designating the activity centre core.
SRL East Draft Structure Plan proposes increased height limits along key corridors. Amendment VC267 (Townhouse and Low-Rise Code) applies suburb-wide for 2–3 storey dwellings.
Planning scheme amendments tied to SRL East are expected to be gazetted 2026.
Glen Waverley railway line terminus. Future SRL East underground station (construction underway, operational target 2035). Monash Freeway and EastLink interchange.
The Glen Shopping Centre — major retail and dining hub. Deakin University Burwood campus (adjacent LGA). Ranked school zone including Glen Waverley Secondary College and Brandon Park Primary. Jells Park nature reserve.
Extensive experience delivering multi-unit, high-end and medium-density projects in Monash.
Strong relationships with local consultants and planning authorities
Proven track record across townhouse and multi-unit developments
ISO-certified builder focused on quality, safety, and delivery
Disclaimer
The information provided on this page is based on publicly available data and third-party sources at the time of publication. Market conditions, pricing, and planning controls are subject to change without notice. This content is intended for general information only and does not constitute financial, investment, or professional advice. Independent advice should be sought before making any property or development decisions.
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