You need $95,334/yr
to live in Glen Waverley
Based on government bond data
1BR median rent
$550/wk
Annual change
—
Rental stress
Yes
i
Rent data is reported as a grouped area
Homes Victoria publishes a single median for Glen Waverley together with Mulgrave. The figures shown here apply to the whole grouped area.
Location
Melbourne, VIC
Loading map...
Rent trend
Quarterly median rent
Can you afford it?
Enter your gross salary to check
$85,000
Weekly take-home
$1,254/wk
Weekly rent
$695/wk
Rent share
55%
You'd have $559/wk left after rent
Weekly budget breakdown
$974/week total
Rent
$550/wk
Groceries
$180/wk
Transport
$55/wk
Utilities
$55/wk
Insurance
$45/wk
Other
$89/wk
Rent details
1 BR
$550/wk
2 BR
$640/wk
3 BR
$660/wk
4+ BR
$780/wk
Annual change
—
Quarterly change
—
Suburb snapshot
ABS Census 2021
Median household income
$1,918/wk
Median age
40
Avg household size
2.8
Rent-to-income
36%
Nearby suburbs
Mount Waverley
VIC
$695/wk
$48,534/yr
—
Burwood East
VIC
$650/wk
$91,867/yr
—
Mulgrave
VIC
$695/wk
$95,334/yr
—
Forest Hill
VIC
$650/wk
$91,867/yr
—
Scoresby
VIC
$620/wk
$49,747/yr
—
Clayton
VIC
$600/wk
$84,934/yr
—
About renting in Glen Waverley
Glen Waverley is located in Melbourne, VIC. The median weekly rent is $695, meaning a single person needs to earn at least $95,334 per year to keep rent below 30% of income.
How is the salary needed calculated?
The salary needed uses the 30% rule: annual income required = (weekly rent x 52) / 0.3. This is a widely used affordability benchmark — spending more than 30% of gross income on rent is considered "rental stress".
Where does the rent data come from?
Rent data comes from government bond lodgement records — NSW DCJ, QLD RTA, and VIC DFFH. This covers actual bonds lodged, making it one of the most reliable rent data sources in Australia.