The Monash property market has shown impressive resilience over the past 12 months, particularly in Glen Waverley, Mount Waverley, Mulgrave and Wheelers Hill. These suburbs continue to attract strong interest thanks to their proximity to Monash University, a thriving technology corridor, and some of Melbourne’s most sought-after school zones.
Vendor confidence has steadily improved throughout the last 6 to 12 months, boosting listings. Demand has been especially high for well-located homes with functional layouts and renovation potential. Family homes within the Glen Waverley Secondary College and Mount Waverley
Secondary College zones frequently exceed expectations at auction, and turnkey homes continue to attract premium prices across Monash. The Reserve Bank’s recent rate cuts have been a welcome change for our local market, further bolstering buyer confidence. There has been a noticeable lift in open-for-inspection traffic and auction participation. The prospect of additional cuts in the second half of 2025 may encourage more upgraders, particularly in areas like Mulgrave and Wheelers Hill, although affordability remains a challenge for first-home buyers.
Rental growth across Monash has eased into a more stable pattern. Stock levels remain steady and leasing activity is relatively brisk, with properties moving quickly. While affordability pressures are prompting some households to adjust their living arrangements, a more balanced market is emerging, offering opportunities for both renters and investors as confidence gradually rebuilds.
New medium-density developments near transport and shopping hubs highlight ongoing demand for modern, low-maintenance homes.
