Mount Waverley and Glen Waverley market surges with 41 auctions as buyers face fierce fight this weekend

A surge in listings has turned one of the city’s family-favourite areas into a high stakes test for Melbourne buyers. Find out where.

Mount Waverley leads Melbourne’s auction surge, with 41 homes listed across Mount Waverley and Glen Waverley as buyer interest climbs. Picture: NewsWire / Andrew Henshaw

Mount Waverley has topped Melbourne’s suburbs for scheduled auctions this weekend, with 27 homes set to go under the hammer — part of a broader post-Easter surge in market activity.

Neighbouring Glen Waverley will host another 14 auctions, giving the Melbourne Waverley patch a combined 41 listings.

According to PropTrack, 1177 auctions are scheduled across Melbourne this weekend, marking the highest weekly volume since before the Easter break.

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Buxton Mount Waverley’s Peter Serafino said a key reason for the region’s popularity — and the flurry of listings — was its strong school zoning, which continues to attract families.

“We’re seeing long-term owners putting their homes on the market after 10 to 15 years,” Mr Serafino said.

“They’ve raised their families here, sent their kids through Mount Waverley Secondary or Glen Waverley Secondary, and now they’re looking to upsize or make a lifestyle change.”

Buxton Mount Waverley’s Peter Serafino said turnkey homes in school zones are driving strong auction interest in Mount Waverley and Glen Waverley. Picture: Jake Nowakowski

“Homes that are well presented, move-in ready, and in a good location — particularly within the school zones — are getting the strongest traction.”

Mr Serafino said open-home numbers were encouraging post rate cut but noted that some buyers were still hesitant to act quickly.

“There’s a bit of wait-and-see in the air,” he said.

Modern family homes in Keysborough’s newer estates are attracting strong interest from young buyers and upgraders.

In the north, Reservoir remains a major performer with 22 auctions, while Preston is also attracting attention from young families and second-time buyers, particularly around the high school zone and Preston Market precinct.

In the west, Tarneit and Truganina are drawing a mix of first-home buyers and interstate investors, many looking for brand new move-in ready homes at more affordable price points.

Buyers eye luxury homes in Kew, with strong demand for turnkey properties near top schools and parks.

Keysborough is also expected to be a competitive patch on Saturday, especially in newer housing pockets.

Buxton Keysborough director Ozan Kanbur said modern homes with minimal maintenance were leading the charge.

“The market is strongest in the newer estates where homes are under 10-years old,” Mr Kanbur said.

Period homes in Preston are drawing strong interest from young families and second-home buyers near schools and the market.

Tarneit’s new estates are luring first-home buyers and investors chasing move in ready builds and future growth.

“Buyers are prioritising ease and liveability, especially young families,” he said.

Jellis Craig Boroondara’s Nick O’Halloran, who will take a custom-designed four-bedroom home at 95 Gladstone St, Kew to auction, said well-located prestige homes were also attracting interest, especially from local downsizers and long-term investors.

“Buyers know Melbourne still represents good value — especially compared to Sydney and Brisbane,” Mr O’Halloran said.

“Clearance rates have been strong, and when good homes come up, they’re being snapped up quickly.”

Top auction suburbs this weekend

• Mount Waverley – 27

• Reservoir – 22

• Bentleigh East – 20

• Blackburn – 20

• Glen Waverley – 14

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Originally published as Mount Waverley and Glen Waverley market surges with 41 auctions as buyers face fierce fight this weekend