Mount Waverley
The median rent for a 2-bedroom unit in Mount Waverley is $540 a week for leases that started in the year to September 2025, up 3.8% on a year earlier. That is 2% below the typical 2-bedroom unit rent across Melbourne ($550). The median sale price in the Mar 2026 quarter was $1,563,000 for a house and $1,070,000 for a unit. A year of rent for that home is about 2.5% of its median sale price (gross rental yield).
Median rent in Mount Waverley
| Home | Rent a week | Change over a year | New leases |
|---|---|---|---|
| 1-bedroom unit | $280 | +6.9% | 41 |
| 2-bedroom unit | $540 | +3.8% | 131 |
| 3-bedroom unit | $700 | +7.7% | 121 |
| 2-bedroom house | $570 | +3.6% | 31 |
| 3-bedroom house | $660 | +3.4% | 219 |
| 4-bedroom house | $800 | 0.0% | 155 |
* Based on fewer than 20 new leases in the year, so it can swing a lot.
Median sale price
| Type | Median price | Period |
|---|---|---|
| House | $1,563,000 | Mar 2026 quarter |
| Unit | $1,070,000 | Mar 2026 quarter |
† Fewer than 10 sales. ‡ No sales that quarter, so an earlier figure is shown.
Suburbs with similar rent
- Aspendale $545 a week
- Carrum $545 a week
- Chelsea $545 a week
- Mornington $535 a week
- Mount Eliza $535 a week
- Mount Martha $535 a week