Mount Waverley, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Mount Waverley
VICCensus 2021 · Population 35,341
Mount Waverley is a suburb with a population of 35,341, characterized by a median age of 40, slightly older than the Victorian average of 38. The suburb has a balanced gender distribution with 49.2% males and 50.8% females. Families dominate the area, with 52% of households being couples with children, and 33% being couples without children. The cultural diversity is notable, with 50.8% of residents born overseas, compared to the Victorian average of 35%. The suburb has a significant Chinese community, with 13% of residents born in China.
Key Highlights
- Highly educated population - 44.3% hold bachelor degrees (vs VIC 29.2%)
- Above average median household income - $2,066 weekly (vs VIC $1,759)
- Diverse cultural community - 50.8% born overseas (vs VIC 35%)
- Owner-dominated housing - 41.9% owned outright
- Strong professional workforce - 34.2% in professional occupations
Things to Consider
- Higher median monthly mortgage at $2,600
- Unemployment rate slightly above state average at 5.4%
- Lower percentage of separate houses compared to VIC average
- High percentage of residents with arthritis (6.6%)
- Median weekly rent of $476 may be high for some renters
What's it like living here?
Daily life in Mount Waverley is family-oriented, with a strong emphasis on education and professional employment. The suburb has a high proportion of residents with a bachelor's degree or higher (44.3%), significantly above the Victorian average of 29.2%. Commuting patterns show a preference for working from home, with 35.6% of residents doing so, which is higher than the state average of 25.7%.