The provided data does not contain specific median prices or growth figures for Glen Waverley or Mount Waverley. However, other eastern regions are performing strongly, with Whitehorse East recording +8.6% annual growth and Knox recording +7.6% as of January 2026 (Cotality/OpenAgent).
While specific figures for the Waverleys are not available in the current dataset, the broader eastern corridor is showing significant momentum. This regional strength exists alongside a historically wide price discount for Melbourne compared to other major capitals.
Growth in the eastern corridor
Several eastern regions are currently among the top 10 highest-growth areas in Melbourne. Whitehorse East has a median of $1,239,067 with +8.6% annual growth, and Knox has a median of $965,300 with +7.6% growth (Cotality/OpenAgent, January 2026).
Melbourne’s relative value
Melbourne houses currently sit at a historically wide discount compared to Sydney, with a median price gap exceeding $600,000. Melbourne’s median has recently dipped below Perth’s and is only marginally above Adelaide’s.
Interstate market corrections
Growth in other capitals is expected to slow sharply between 2026 and 2027. Perth’s house price growth is forecast at just 1.6% for 2026 as affordability constraints increase (KPMG).
The appraisal gap
Using regional growth data from nearby areas like Knox or Whitehorse East to predict specific street-level value in the Waverleys is risky. Local variables and specific property attributes often override broader regional trends.
Frequently asked questions
Which eastern suburbs are seeing the most growth?
Based on January 2026 data, Whitehorse East (+8.6%) and Knox (+7.6%) are among the top 10 highest-growth regions in Melbourne (Cotality/OpenAgent). These areas are showing sustained price growth compared to the broader metropolitan average.
How does Melbourne compare to Sydney for investors?
Melbourne is currently priced at a significant discount. The median house price gap between the two cities now exceeds $600,000, which is historically unusual for Australia’s second-largest city.
Will interstate house prices continue to rise?
Growth is forecast to decelerate. Brisbane, Perth, and Adelaide are all expected to see a sharp slowdown in growth from 2026 to 2027, with Perth specifically forecast at 1.6% for 2026 (KPMG).
Are units performing better than houses?
In some markets, units are outperforming houses. In Mornington, units saw +8.8% annual growth and a median days-on-market of 30 days, compared to 38 days for houses (OpenAgent).
Questions to ask your agent
- How do the recent sales in my specific street compare to the +7.6% to +8.6% growth seen in the broader East?
- What specific buyer demographics are currently driving interest in the Waverley corridor compared to Whitehorse East?
- Given the wide price gap between Melbourne and Sydney, are you seeing an increase in interstate buyers entering this market?
This article contains general market information based on data current as at April 2026. It does not constitute financial, legal, or real estate advice specific to your property or circumstances. For an appraisal and tailored advice, speak with a Fletchers agent in your area.