Glen Waverley is a suburb located in the City of Monash, approximately 16 kilometres south-east of Melbourne's CBD. It is a popular residential area, known for its family-friendly atmosphere, excellent schools and proximity to amenities.
History
Glen Waverley was first settled by Europeans in the 1850s. The suburb was named after the Glen Waverley Estate, which was owned by the Waverley family. The estate was subdivided in the 1920s and 1930s, and the suburb began to grow rapidly. In the 1950s and 1960s, Glen Waverley became a popular destination for migrants from Europe and Asia. The suburb's population continued to grow rapidly in the 1970s and 1980s. In the 1990s, Glen Waverley became a popular destination for young professionals and families. The suburb's population has continued to grow steadily in the 2000s and 2010s.
Significant Changes
The most significant change to Glen Waverley in recent years has been the development of The Glen shopping centre. The shopping centre was opened in 1983 and has since been expanded several times. The Glen is now one of the largest shopping centres in Australia, and it is a major drawcard for shoppers from all over Melbourne.
Another significant change to Glen Waverley has been the construction of the Glen Waverley Bypass. The bypass was opened in 2008, and it has significantly reduced traffic congestion in the suburb. The bypass has also made it easier for people to travel to and from Glen Waverley.
Development of Amenities
Glen Waverley has seen a number of new amenities develop in recent years. These include new schools, parks, and reserves. The suburb is also home to a number of new housing developments. These developments have helped to make Glen Waverley a more attractive place to live.
Growth and Potential Opportunities
Glen Waverley is a suburb that is experiencing strong growth. The suburb's population is expected to continue to grow in the coming years. This growth is likely to be driven by the continued development of The Glen shopping centre and the Glen Waverley Bypass. The growth of Glen Waverley is also likely to create new opportunities for businesses and investors.
Recent Developments:
In recent years, Glen Waverley has seen a number of significant developments, including the opening of the Glen Waverley Shopping Centre, which is now one of the largest shopping centres in the south-east of Melbourne. The suburb has also seen the development of a number of new residential estates, which have attracted a mix of young professionals and families.
Amenities:
Glen Waverley is well-serviced by a range of amenities, including schools, shops, parks and public transport. The suburb is home to a number of well-regarded schools, including Glen Waverley Primary School, Glen Waverley Secondary College and Wesley College. The suburb is also home to a number of parks and reserves, including the Glen Waverley Reserve and the Kingsway Reserve. Public transport is provided by the Glen Waverley train station, which is located on the Belgrave line.
Buyers:
Glen Waverley is a popular choice for buyers looking for a family-friendly suburb with a good range of amenities. The suburb's median house price is currently $1.2 million, which is higher than the Melbourne median of $960,000.
Sellers:
Sellers in Glen Waverley can expect to achieve a good price for their property, due to the suburb's strong demand. The suburb's median house price has grown by 10% in the past year, and it is expected to continue to grow in the future.
Renters:
Glen Waverley is also a popular choice for renters, due to its proximity to the city and its range of amenities. The suburb's median rent for a house is currently $450 per week, which is higher than the Melbourne median of $400 per week.
Investors:
Glen Waverley is a good choice for investors looking for a long-term investment. The suburb's strong demand and rising prices make it a good place to invest in property.
Conclusion
Glen Waverley is a suburb that has undergone significant change in recent years. The development of The Glen shopping centre and the Glen Waverley Bypass has helped to make the suburb a more attractive place to live. The suburb is also experiencing strong growth, and this growth is likely to continue in the coming years. The growth of Glen Waverley is likely to create new opportunities for businesses and investors.