Glen Waverley has 4,009 eligible blocks, no planning permit required in most City of Monash zones, and Melbourne's strongest multigenerational demand. There has never been a better time — or a better place — to build with Prestige Living.
Builds from $130,000 · Monash median property value $1,751,500 · ~542 sales/yr
In most Glen Waverley, Mount Waverley and Wheelers Hill residential zones, a secondary dwelling under 60m² requires no planning permit — one of the cleanest build paths in Melbourne. Confirm your block here.
Our internal research identifies Glen Waverley — with Mount Waverley and Wheelers Hill — as the Priority 1 target in Melbourne's east. The reason is simple: no other suburb combines this level of ability-to-pay, block size, planning simplicity and genuine multigenerational demand. If you own a property here, your block is very likely eligible — and Prestige Living can help you make the most of it.
With a 28.3% Chinese community and a deeply multicultural population, Glen Waverley carries a cultural tradition of multigenerational living that makes the use case self-evident. Housing parents or grandparents on-site isn't new here — and a Prestige Living secondary dwelling Glen Waverley makes it possible in luxury style. [Source]
Glen Waverley has more eligible granny flat sites than any other eastern suburb. The suburb's established detached housing stock sits well above the 300m² threshold for the no-permit rule, and the City of Monash is largely free of flood, heritage and bushfire overlays. [Source]
With a median property value of $1,751,500 and an average hold of 12.5 years, Glen Waverley owners have both the equity and the long-term mindset to invest in a quality second dwelling. Gross granny flat investment yields of 8–10% — well above traditional property yields of 3–5% — make the financial case compelling. [Source]
Innovista Group — January 2026 [Source]
From a marketing and planning perspective, Glen Waverley — and its immediate neighbours Mount Waverley and Wheelers Hill — represent the most compelling granny flat opportunity in Melbourne's east. Here's why the numbers point here first.
Median house price. ~542 sales/yr at 29 days on market. IRSAD 1063 (high socioeconomic). 12.5-year average hold. Melbourne's best all-round second-dwelling target.
~488 sales/yr. Same Monash planning framework and overlay-free build path. Equally strong multigenerational and investment demand profile.
Established family suburb within the Monash LGA. Large blocks, strong demographics, and the same clean planning path. Prestige Living builds across all three suburbs.
Gross granny flat investment yield for Glen Waverley — more than double traditional property rental yields of 3–5%. The education precinct drives consistent, quality tenant demand. [Source]
Our flagship design and the top choice for Glen Waverley families. Architecturally inspired vaulted ceilings, open-plan living, two bedrooms and a full kitchen — a home that feels genuinely luxurious, not an afterthought. Ideal for multigenerational families who want parents or grandparents close without compromising on quality.
Open-plan living with raked ceilings, stone benchtops (optional) and a flexible study that doubles as a third bedroom or home office. The Sorrento suits Glen Waverley's educated, professional households — and generates outstanding rental returns from the suburb's consistent tenant pool.
Sophisticated premium finishes throughout, reflecting the prestige expectations of Glen Waverley's high-income households. For families who want their parents to experience the full quality of a Prestige Living home — because in this neighbourhood, the standard is high.
Architectural raked ceilings and open, airy proportions — a warm, inviting home that feels settled and secure from the moment you step in. A popular choice across Monash for multigenerational families who value warmth and livability over dramatic design statements.
Glen Waverley homeowners expect a premium product. Prestige Living delivers one — with superior quality finishes and fittings that hold their value in one of Melbourne's most discerning markets.
Choose from five custom-designed interior themes, each crafted to suit current design trends — or fully personalised to reflect the tastes of the family members who will call it home.
Begin with a complimentary consultation — over the phone or in our showroom. We'll explore our designs to find the right fit for your family, and carry out a free desktop site assessment of your Glen Waverley, Mount Waverley or Wheelers Hill block. No obligation, no pressure.
Complimentary · 30 mins – 1 hour
We prepare a detailed Proposal covering construction costs, upgrades and pre-construction fees — so you can plan with confidence and clarity before committing to anything.
Complimentary · 48 hours
Your dedicated Construction Manager coordinates Preliminary Drawings and site classification tests — soil, wind rating and BAL — all submitted for your approval before we proceed.
$7,500 + GST · 3–5 weeks
Under Victoria's 2023 reforms, most City of Monash secondary dwellings under 60sqm require no planning permit. Where one is needed, we manage the entire process — all Monash Council approvals handled on your behalf.
$4,000–$10,000 + GST if required
Work with our Interior Designer to finalise every colour, finish and fitting. Choose from our Essentials Range or four Premium packages, with the freedom to personalise your home completely.
$6,500 + GST · 4–8 weeks
Construction Drawings finalised, HIA New Home Contract prepared and signed. Your 5% deposit is payable at this stage. Clear, transparent and straightforward — no surprises.
5% Deposit · 2–6 weeks
Your Prestige Living home takes shape across Base, Frame, Lock-Up, Fix and Practical Completion, with progress payments at each stage. At Handover, the keys are yours — and your family finally has the home they deserve.
Progressive payments · 12–14 weeks build
In most Glen Waverley and City of Monash residential zones, a secondary dwelling under 60sqm can be built without a planning permit under Victoria's 2023 reforms. The City of Monash is largely free of the overlays that reintroduce a planning permit requirement. Prestige Living manages all permits and approvals on your behalf. [Source: planning.vic.gov.au]
Glen Waverley has approximately 4,009 eligible blocks — the highest count in Melbourne's east. If your block is over 300m² in a standard Monash residential zone without a heritage or flood overlay, you are very likely eligible. Our free desktop site assessment will confirm your block's status before you commit to anything. [Source]
Our Capel Sound and Sorrento designs are specifically recommended for Glen Waverley's strong multigenerational demographic. Both are two-bedroom designs with full kitchens, private entries and generous living spaces — ideal for housing parents or grandparents while maintaining complete independence on both sides of the property.
Granny flat cost Glen Waverley starts from $130,000 for a turnkey small secondary dwelling with Prestige Living. Our flagship designs start from $160,000. Against Glen Waverley's $1.75M median property value, the build represents a modest investment that adds significant value and generates strong rental returns from day one.
Yes — Prestige Living builds granny flats across all City of Monash suburbs including Mount Waverley and Wheelers Hill. All three sit within the same planning framework, share the largely overlay-free Monash build path, and carry equally strong multigenerational and investment demand. Call us to discuss your specific suburb and block.
Glen Waverley granny flat investment yields of 8–10% gross significantly exceed traditional property rental yields of 3–5%. The suburb's premium education precinct creates consistent demand from quality long-term tenants. Combined with the capital growth profile of Monash properties, the total return case is compelling. Seek independent financial advice for your specific situation. [Source]
Our Sales Team will carry out a free desktop site assessment of your Glen Waverley, Mount Waverley or Wheelers Hill property — confirming your eligibility, discussing design options and walking you through the complete cost and process picture.