How has the Monash property market performed in the last 12 months?
The market has been characterised by steady demand and limited supply. On the sales side, entry-level homes in well-connected locations and renovated properties have performed strongly. From a rental perspective, tighter borrowing conditions have increased demand, with vacancy rates remaining well below the Melbourne average in key suburbs.
Glen Waverley, Mount Waverley, and Wheelers Hill remain among the most stable performers within Monash.
Which Monash suburbs look best placed for stability over the next 12 months?
Glen Waverley, Mount Waverley, and Wheelers Hill remain among the most stable performers within Monash. These suburbs attract consistent family and owner-occupier demand, which supports price resilience and underpins long-term performance.
How do you expect the Monash market will respond to further potential cash rate adjustments?
While further cash rate movements may impact borrowing capacity in the short term, demand within Monash remains fundamentally driven by proximity to schools and universities, lifestyle and long-term owner-occupier appeal. As a high-demand, supply-constrained municipality, Monash has historically demonstrated resilience through changing economic conditions.
Median property prices
Source: Cotality, 01/04/2025 - 31/03/2026 Where a suburb is split across a LGA, the whole suburb has been used to determine a median. Where there are insufficient sales within a suburb over a 12-month period, a median price has not been calculated.Monash
-
Ashwood
-
Burwood
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Chadstone
-
Clayton
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Glen Waverley
-
Hughesdale
-
Huntingdale
-
Mount Waverley
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Mulgrave
-
Notting Hill
-
Oakleigh
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Oakleigh East
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Oakleigh South
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Wheelers Hill
Median days on market
Source: Cotality, 01/04/2025 - 31/03/2026Monash
Rental yield
Source: Cotality, 01/04/2025 - 31/03/2026Monash
Current population
Source: ABS Census 2021 DataMonash
- Houses
- Units
At Jellis Craig, Mount Waverley records 46 average inspection groups per listing¹. Why is this neighbourhood so coveted?
Buyer demand in Mount Waverley continues to be driven by family buyers targeting premium school zones, combined with the suburb’s established infrastructure and connectivity. The diversity of housing is attracting strong competition. These fundamentals are reflected in consistently strong auction clearance rates.
Metropolitan Melbourne’s vacancy rate is sitting at 1.6%². Glen Waverley is slightly tighter at 1.4%². What does this high rental demand mean for investors?
Most rental properties in Glen Waverley have long-term tenants, and the suburb is very desirable. That typically translates to stronger yields, minimal vacancy periods, and more reliable income. In a market where demand is driven by schools, transport, and lifestyle, this trend is likely to hold.
Ownership
Source: ABS Census 2021 DataMonash
- Own
- 36%
- Purchasing
- 30%
- Rent
- 30%
- Other
- 4%
- Own
- Purchasing
- Rent
- Other
Dwelling type
Source: ABS Census 2021 DataMonash
- House
- 69%
- Semi detached
- 16%
- Unit / apartment
- 15%
- House
- Semi detached
- Unit / apartment
What does FY27 and beyond look like for the Monash property market?
The outlook is for stable, sustainable growth, reinforcing Monash as a consistent long-term performer. Access to leading schools and strong lifestyle appeal continue to underpin longterm demand. Limited land supply and established housing stock are expected to support pricing, and 2027 is likely to be a ‘recovery-to-growth’ year for Monash.
Fast Five with Calvin Huang
Favourite street
Stirling Crescent, Glen Waverley - for its uninterrupted views of the Dandenongs.
Local secret
Cafe 1809 – a hidden gem with amazing coffee.
Memorable sale
An auction at 16 York Street, Glen Waverley, which went for almost an hour with close to 300 bids.
Design focus
Skylights – they look fantastic. In new builds, I’m loving the use of curved walls.
One to watch
With strong buyer demand and fast-tracked planning approvals for subdivision, I’m expecting to see an increase in quality townhouse developments.
