Glen Waverley, VIC — Investment Profile 2021
Postcode 3150
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Glen Waverley
VIC 3150Census 2021 · Population 41,762
Glen Waverley is a suburb with a population of 42,644, characterized by a median age of 40 years, slightly older than the Victorian average of 38. The community is diverse, with a significant portion of the population born overseas, particularly from China and India. Family households are prevalent, making up 78.3% of all households, with a notable 52.3% being couples with children. The suburb has a high level of educational attainment, with 43.8% of residents holding a bachelor's degree or higher, compared to the Victorian average of 29.2%.
Key Highlights
- Highly educated population - 43.8% hold bachelor degrees (vs VIC 29.2%)
- Above average household income - $1,918 weekly (vs VIC $1,759)
- Diverse cultural community - 38% born in Australia, significant Chinese and Indian populations
- High home ownership - 69.3% owned outright or with mortgage
- Strong professional presence - 33.7% employed as professionals
Things to Consider
- Unemployment rate slightly above VIC average - 5.9% vs 5.0%
- Higher median monthly mortgage - $2,500, which may be challenging for some buyers
- Limited public transport usage - only 5.8% use it for commuting
- Significant portion of population with health conditions like arthritis and asthma
- Lower percentage of English-only speakers at home - 35.6%
What's it like living here?
Daily life in Glen Waverley is marked by a strong sense of community and family orientation. The suburb has a high rate of home ownership, with 41% of homes owned outright and 28.3% owned with a mortgage. Commuting patterns show that 44.5% of residents drive to work, while 32.9% work from home, which is higher than the Victorian average of 25.7%. The suburb offers a mix of housing types, predominantly separate houses, which make up 79.1% of the housing stock.