Mount Waverley - North

Mount Waverley - North has seen population growth performance typically on par with national averages when looking at short and medium term trends

Mount Waverley - North's population is around 17,586 as of Nov 2025. This reflects an increase of 1,513 people since the 2021 Census, which reported a population of 16,073 people. The change is inferred from the estimated resident population of 17,214 from the ABS as of June 2024 and an additional 242 validated new addresses since the Census date. This level of population equates to a density ratio of 2,713 persons per square kilometer. Mount Waverley - North's growth rate of 9.4% since the 2021 census exceeded the national average (8.9%). Population growth for the area was primarily driven by overseas migration that contributed approximately 94.5% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections released in 2024 with a base year of 2022, and for areas not covered, it utilises VIC State Government's Regional/LGA projections released in 2023. Considering these projections, an above median population growth is projected for the area, with an expected increase of 3,537 persons to 2041 based on the latest annual ERP population numbers, reflecting an increase of 18.0% over the 17 years.

AreaSearch assessment of residential approval activity sees Mount Waverley - North among the top 30% of areas assessed nationwide

Mount Waverley - North has averaged around 125 new dwelling approvals per year over the past five financial years, from FY-21 to FY-25. A total of 625 homes were approved during this period, with an additional 60 approved so far in FY-26. On average, 1.2 people moved to the area for each dwelling built over these five years. However, recent data shows this ratio has intensified to 4.5 people per dwelling over the past two financial years, suggesting growing popularity and potential undersupply.

New properties are constructed at an average expected construction cost value of $623,000, indicating a focus on the premium market with high-end developments. This year alone, $4.4 million in commercial development approvals have been recorded, reflecting the area's residential character. Compared to Greater Melbourne, Mount Waverley - North shows moderately higher new home approvals, averaging 43.0% above the regional average per person over the five-year period. New development consists of 49.0% standalone homes and 51.0% attached dwellings, a notable shift from the area's existing housing composition, which is currently 72.0% houses. This change reflects decreasing availability of developable sites and changing lifestyles that require more diverse, affordable housing options.

With around 169 people per dwelling approval, Mount Waverley - North exhibits characteristics of a growth area. According to the latest AreaSearch quarterly estimate, the population is forecasted to gain 3,165 residents by 2041. At current development rates, new housing supply should comfortably meet demand, providing good conditions for buyers and potentially supporting growth beyond current population projections.

Mount Waverley - North has moderate levels of nearby infrastructure activity, ranking in the 46thth percentile nationally

Local infrastructure changes significantly influence an area's performance. AreaSearch identified 17 projects likely impacting the region. Notable ones are 151-161 Forster Road Industrial Development, Mount Waverley North Primary School Upgrade and Modernisation, East Burwood Reserve Master Plan Implementation, and Mount Waverley Activity Centre Structure Plan. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

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AreaSearch analysis of employment trends sees Mount Waverley - North performing better than 90% of local markets assessed across Australia

Mount Waverley - North has a highly educated workforce with strong representation in professional services. The unemployment rate was 1.5% as of September 2025, with an estimated employment growth of 4.8% over the past year.

In this area, 9,418 residents were employed by September 2025, with an unemployment rate of 3.1%, lower than Greater Melbourne's rate of 4.7%. The workforce participation was 61.3%, slightly below Greater Melbourne's 64.1%. Leading employment industries among residents include professional & technical services, health care & social assistance, and retail trade. Notably, the area has a high concentration in professional & technical services, with employment levels at 1.4 times the regional average.

Conversely, construction employs only 6.4% of local workers, below Greater Melbourne's 9.7%. The predominantly residential area offers limited local employment opportunities, as indicated by the Census working population versus resident population count. Between September 2024 and September 2025, employment levels increased by 4.8%, while labour force increased by 4.9%, causing the unemployment rate to rise by 0.2 percentage points. In comparison, Greater Melbourne recorded employment growth of 3.0% and labour force growth of 3.3%, with unemployment rising by 0.3 percentage points. State-level data from 25-Nov shows that Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%. National employment forecasts from Jobs and Skills Australia project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Mount Waverley - North's employment mix suggests local employment should increase by 6.9% over five years and 14.1% over ten years, based on a simple weighting extrapolation for illustrative purposes.

The economic profile demonstrates above-average performance, with income metrics exceeding national benchmarks based on AreaSearch comparative assessment

AreaSearch aggregated latest postcode level ATO data released for financial year ended June 2022. Mount Waverley - North SA2 had median taxpayer income of $50,823 and average income of $74,091. These figures exceed national averages of $54,892 and $73,761 respectively for Greater Melbourne. Based on 12.16% Wage Price Index growth since financial year ended June 2022, estimated median income as of September 2025 is approximately $57,003, with average income estimated at $83,100. According to Australian Bureau of Statistics Census data from 2021, Mount Waverley - North SA2 ranks at the 68th percentile for household income ($2,049 weekly) and 49th percentile for personal income. Income brackets indicate largest segment comprises 28.5% earning $1,500-$2,999 weekly (5,012 residents), similar to regional levels where 32.8% fall within this range. Higher earners represent a substantial presence with 32.7% exceeding $3,000 weekly. High housing costs consume 15.2% of income, but strong earnings place disposable income at the 70th percentile. The area's SEIFA income ranking places it in the 9th decile.

Mount Waverley - North is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Mount Waverley - North's dwelling structures, as per the latest Census, comprised 71.9% houses and 28.2% other dwellings (semi-detached, apartments, 'other' dwellings). This is compared to Melbourne metro's 69.6% houses and 30.3% other dwellings. Home ownership in Mount Waverley - North was at 43.2%, with the rest being mortgaged (31.9%) or rented (24.9%). The median monthly mortgage repayment in the area was $2,600, higher than Melbourne metro's average of $2,383. The median weekly rent figure was recorded at $485, compared to Melbourne metro's $440. Nationally, Mount Waverley - North's mortgage repayments were significantly higher than the Australian average of $1,863, while rents were substantially above the national figure of $375.

Mount Waverley - North features high concentrations of family households, with a higher-than-average median household size

Family households account for 77.8% of all households, including 41.4% couples with children, 24.2% couples without children, and 10.9% single parent families. Non-family households consist of the remaining 22.2%, with lone person households at 18.8% and group households comprising 3.4%. The median household size is 2.8 people, larger than the Greater Melbourne average of 2.7.

Educational achievement in Mount Waverley - North places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community

Mount Waverley - North has a higher proportion of residents aged 15 and above with university qualifications than the broader SA4 region and Australia. Specifically, 49.5% of its residents have such qualifications compared to 29.8% in the SA4 region and 30.4% nationally. This educational advantage is driven by a high proportion of residents holding bachelor degrees (29.6%), postgraduate qualifications (16.1%), and graduate diplomas (3.8%). Vocational pathways are also well-represented, with 20.5% of qualifications among those aged 15 and above being advanced diplomas (10.5%) or certificates (10.0%).

Educational participation is notably high in the area, with 31.9% of residents currently enrolled in formal education. This includes 9.1% in primary education, 8.9% in secondary education, and 8.3% pursuing tertiary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Mount Waverley - North has 54 active public transport stops operating within its boundaries. These are a mix of train and bus stations. Seven different routes service these stops, collectively providing 3,952 weekly passenger trips.

Transport accessibility is rated as good, with residents typically located 299 meters from the nearest stop. Service frequency averages 564 trips per day across all routes, equating to approximately 73 weekly trips per individual stop.

Mount Waverley - North's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Mount Waverley - North shows excellent health outcomes, with a low prevalence of common conditions across all ages. Private health cover is high at approximately 56% (~9,936 people), compared to Greater Melbourne's 54.4%.

The most prevalent medical conditions are arthritis (6.1%) and asthma (5.9%). 75.5% report no medical ailments, similar to Greater Melbourne's 75.3%. As of 2021, 18.2% (~3,205 people) are aged 65 and over. Seniors' health outcomes align with the general population's profile.

Mount Waverley - North is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics

Mount Waverley-North is among the most culturally diverse areas in Australia, with 52.5% of its population speaking a language other than English at home and 51.0% born overseas. Christianity is the main religion in Mount Waverley-North, comprising 38.7% of the population. However, Buddhism is notably overrepresented, making up 7.9% compared to the regional average of 2.4%.

The top three ancestry groups are Chinese (24.6%), English (15.0%), and Australian (12.5%). Some ethnic groups show notable divergences: Sri Lankan at 2.2%, Greek at 4.7%, and Korean at 1.5% compared to regional averages of 2.1%, 5.6%, and 1.1% respectively.

Mount Waverley - North's population is slightly older than the national pattern

Mount Waverley - North has a median age of 40, which is higher than Greater Melbourne's figure of 37 and Australia's median age of 38. The 15-24 age group is over-represented in Mount Waverley - North at 15.6%, compared to the Greater Melbourne average, while the 25-34 age group is under-represented at 11.6%. Between 2021 and present, the 15-24 age group has increased from 14.1% to 15.6% of the population. Conversely, the 45-54 age group has decreased from 13.6% to 12.9%. By 2041, demographic modeling suggests significant changes in Mount Waverley - North's age profile. The 45-54 age cohort is projected to expand by 629 people (28%), growing from 2,270 to 2,900. Meanwhile, the 0-4 age group is projected to grow modestly by 5% (34 people).