Mount Waverley (3149) sits approximately 16 kilometres south-east of the Melbourne CBD inside the City of Monash, an established middle-ring suburb of around 35,000 residents. Its SEIFA IRSAD score of 1092 places it in the national decile 10, meaning it ranks among the most socioeconomically advantaged postcodes in Australia. That score sits 92 points above the national mean of 1000 and at the 89th percentile within Victoria. For PropertyRanker, this reading feeds directly into three of the model's twelve scoring criteria: economic_strength, hazard_risk, and entry_point_risk.
ABS 2021 IRSAD release. Score 1092 (national mean = 1000).
A decile 10 SEIFA reading reflects a postcode where household incomes, educational attainment, and occupational profiles are collectively well above national norms. In practical investment terms, that combination tends to support tenant quality, lower vacancy sensitivity during soft rental markets, and a demand base that is relatively insulated from broad economic downturns. Those are genuine structural advantages, and PropertyRanker weights them accordingly on the macro side of its model. The counterweight is entry price. Mount Waverley's median house price has tracked above $1.6 million in recent reporting periods, which compresses gross yields sharply. At that price level, the suburb aligns most naturally with PropertyRanker's Capital Growth strategy, which anchors around a 3.5 percent gross yield. Investors targeting the Balanced strategy (around 5 percent) or High Yield strategy (around 6 percent) will find the numbers difficult to achieve on standard house stock without a specific value-add angle. Units and townhouses within the same postcode can present a different yield profile, but the same entry-price discipline applies. It is also worth noting that a strong postcode-level SEIFA score cannot see the specific street, the build year, the strata structure, or the orientation of a given lot. A well-priced, well-located listing inside 3149 can score strongly across all twelve PropertyRanker criteria; a poorly priced or structurally compromised one can score poorly despite the suburb's macro advantages. SEIFA is one signal, not a verdict.
According to CoreLogic data via yourinvestmentpropertymag.com.au (as of mid-2026), Mount Waverley's median house price sits at approximately $1,600,000, with annual capital growth of -1.3% over the past 12 months and 434 house sales recorded. propertyvalue.com.au reports a vendor discount of -5.7% and average days on market of 30 days, while inthesuburbs.com.au (Valuer-General Victoria data) recorded a June quarter 2025 median of $1,640,000, up 4.8% year-on-year. Vacancy rate signals are mixed across sources but generally indicate a tight-to-moderate rental market, with days on market stable at 30 days across multiple publishers.
Anchor points pulled per refresh from publicly available suburb profiles. Approximate; not a moving average.
Days on market are flat at 30 days across sources, vacancy rates are mixed but broadly moderate (1.1-2.9% across publishers), and vendor discounting at -5.7% reflects ongoing negotiation without a clear directional trend, pointing to a steady market overall.
Sources: Mount Waverley VIC 3149 Suburb Profile & Property Report (2026-09-16); Mount Waverley House Prices & Property Trends (2026-01-01); Mount Waverley VIC 3149 - In The Suburbs (2026-01-01); Buyers Agent Mount Waverley - Historical Medians (2024-08-01); Mount Waverley VIC 3149 Property Market and House Prices 2026 (2026-09-04) · Refreshed 18 Sep 2026
PropertyRanker scores any Australian property against 12 criteria across three pillars: Growth, Cashflow, and Risk. SEIFA is a primary signal for economic strength and a supporting one for entry-price risk. It also informs the crime side of hazard risk, though physical overlays like flood, bushfire and coastal exposure, and recorded crime data where available, take priority there. The decile of 10 shown above gives a listing in Mount Waverley a stronger starting line on economic strength than the national median postcode, and a softer one on entry-price risk, since more advantaged postcodes usually carry higher entry prices.
On top of that, PropertyRanker chooses one of four strategies (Balanced, Growth, Yield, Regional) and applies a per-strategy yield anchor. The anchors are 3.5% for Growth, 5% for Balanced, 6% for Yield, and 7% for Regional. A postcode at this level of relative advantage tends to suit the Growth (3.5% anchor) and Balanced (5% anchor) strategies more readily than Yield (6%) or Regional (7%), because a higher entry price compresses the gross yield a listing can reach without a specific value-add.
Read the scoring guide for the full criteria list and how the verdict thresholds work.
SEIFA is a postcode-level read. The fastest sanity check on any single decile reading is to compare it against the suburbs that surround it.
Before treating the decile 10 reading as a green light on any specific listing, investors should confirm several things the postcode frame cannot resolve. First, check current SQM vacancy data for 3149; even high-SEIFA suburbs can carry localised oversupply in specific dwelling types, particularly medium-density units near the station precinct. Second, for any strata title, obtain the owners corporation financials and confirm the sinking fund is adequately provisioned. Third, review the Monash Planning Scheme overlay maps for the specific lot, including any Special Building Overlay or flood-related designation, given that parts of the suburb sit near Damper Creek and its tributaries. Fourth, price the listing rigorously against recent comparable sales rather than relying on suburb-level medians, which can mask wide street-by-street variation in a suburb this large. Run the specific listing through PropertyRanker to receive a score that accounts for current SQM vacancy, body corporate health, flood and overlay status, and pricing against recent comparable sales.
The suburb's SEIFA IRSAD score of 1092 places it in national decile 10, which PropertyRanker treats as a strong positive signal across three of its twelve criteria: economic_strength, hazard_risk, and entry_point_risk. That translates to genuine macro advantages including a demand base that tends to be relatively insulated from broad economic downturns and lower vacancy sensitivity during soft rental markets. However, a high SEIFA score does not override listing-level variables such as price, build quality, strata structure, or street position. Score the specific listing on PropertyRanker to see how all twelve criteria resolve for that property.
The Capital Growth strategy, anchored around a 3.5 percent gross yield, is the closest strategic fit for Mount Waverley given that house-price entry points in this postcode are well above typical middle-ring Melbourne levels. Investors targeting the Balanced strategy (around 5 percent) or the High Yield strategy (around 6 percent) will find standard house stock difficult to align with those yield anchors without a specific value-add angle. Units and townhouses within 3149 can present a different yield profile, but the same entry-price discipline applies and each listing should be scored individually for a live result.
The primary structural risk is entry_point_risk: a decile 10 postcode commands premium pricing that compresses gross yields and leaves less margin for correction. Beyond that, the City of Monash has a documented history of riverine and flash flooding, and Mount Waverley is specifically listed among the locations at risk by Victoria SES, which is a hazard_risk factor the model weighs at the listing level. Street topography and proximity to drainage infrastructure vary considerably across 3149, so a site-specific flood overlay check through Melbourne Water or Council records is worth completing before relying solely on the postcode-level SEIFA advantage.
SEIFA feeds directly into three of the model's twelve scoring criteria. The score of 1092, sitting 92 points above the national mean, contributes positively to economic_strength (reflecting household income, educational attainment, and occupational profile) and informs hazard_risk and entry_point_risk calibrations. It is one macro signal across the twelve-criteria model, not a standalone verdict; listing-specific inputs such as price, property type, and physical condition shape the remaining criteria and can move the overall score materially in either direction.
Yes. Mount Waverley is served by its own station on the Glen Waverley line, operated by Metro Trains Melbourne, which runs into the City Loop via Richmond. The suburb is classified as Zone 2 for ticketing purposes. Proximity to the station is a location-quality input investors should verify at the individual listing level, since walkability to rail varies across a suburb of this physical size and can influence both tenant demand and long-term capital positioning.
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