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Mount Waverley is a delightful suburb that offers a harmonious blend of suburban tranquility and urban convenience, making it a fantastic place to call home. Known for its leafy streets and strong sense of community, it provides a welcoming environment for families, professionals, and retirees alike. The suburb's charm is enhanced by its lush parks and reserves, offering plenty of green spaces for outdoor activities and relaxation. With vibrant shopping precincts and efficient public transport links, residents enjoy easy access to amenities and the city, making daily life both convenient and enjoyable.

Families are particularly drawn to Mount Waverley due to its excellent educational facilities, including reputable schools that cater to a variety of needs. This family-friendly atmosphere is complemented by a diverse community structure, ensuring a supportive environment for all residents. The suburb's safety and strong community spirit further contribute to its appeal, providing peace of mind for those raising children.

While Mount Waverley offers a balanced lifestyle, there are some trade-offs to consider. The ongoing developments, including new residential apartments and mixed-use projects, may lead to increased density and changes in the suburb's character. However, these developments also promise to modernize the area and enhance its livability. Additionally, the relatively affluent status of the suburb may mean higher property prices, which could be a consideration for potential homebuyers.

Overall, Mount Waverley is a charming suburb that offers a high quality of life with its blend of suburban charm and urban amenities. Whether you're a family seeking excellent schools, a professional looking for convenience, or a retiree wanting a peaceful environment, Mount Waverley is a wonderful place to live.

Living in Mount Waverley can be quite costly, especially when considering the current property market. The median house price in this suburb is a steep $1,655,000, while units are priced at $1,065,000. Renting isn't exactly cheap either, with houses averaging $700 per week and units at $695. These figures suggest that housing in Mount Waverley requires a significant financial commitment.

When comparing the average annual wage in Mount Waverley, which is approximately $106,000, to the broader area, it becomes evident that residents here tend to earn more. However, even with higher incomes, the cost of living, particularly in terms of housing, can still take a big chunk out of one's earnings. With 30.7% of households earning $3,000 or more per week, it’s clear that a substantial income is necessary to comfortably afford living here.

Overall, while Mount Waverley offers a desirable lifestyle with its amenities and community feel, the expense of living in this suburb is on the higher side. If you are thinking of living in Mount Waverley, it's important to evaluate your financial situation to ensure it aligns with the costs associated with this attractive yet pricey area.

Mount Waverley is an attractive suburb for investment, particularly for those seeking strong rental returns. Over the past year, the suburb has experienced modest growth in property values, with a 0.6% increase in median house values and a 1.5% rise in unit values. While these figures suggest stable property prices, the real highlight is the significant increase in rental demand. House rents have surged by 11.1%, and unit rents have jumped by an impressive 15.8%, indicating a strong rental market.

The suburb's appeal lies in its family-friendly environment, excellent schools, and convenient access to public transport and amenities, making it a desirable location for renters. This demand for rental properties is likely to continue, providing investors with a reliable income stream. While capital growth has been modest, the strong rental yields make Mount Waverley a compelling option for those looking to invest in a stable and growing rental market.