Chinese buyers' property love affair with the Waverley's - Glen and Mount
Glen Waverley pipped Mount Waverley to top the 10 most searched Australian suburbs for Chinese buyers in 2014.
The latest data came from property portal myfun.com built and designed by REA Group to showcase Australian property to Chinese buyers.
The neighbouring eastern Melbourne suburbs of Glen Waverley and Mount Waverley sit at the top of the list for most clicked neighbourhoods in Australia.
There's often a distinct price footprint left that identifies the buyer ancestry, the use of the lucky number 8 in the price.
Earlier this month a house on St Albans Street, Mount Waverley (pictured above) sold by private treaty through Jellis Craig at $1,502,888.
It was sold by vendors of Chinese descent who had bought in 1999 for $286,000, indicating the heightened presence of the Chinese in the suburb actually has long standing origins.
Indeed the house's previous sale in 1988 was similarly to buyers of Chinese descent.
- Glen Waverley, VIC
- Mount Waverley, VIC
- Doncaster, VIC
- Balwyn, VIC
- Southport, QLD
- Box Hill, VIC
- Carindale, QLD
- Toowong, QLD
- South Yarra, VIC
- Chatswood, NSW
Source: myfun.com.
The local agents say among the attractions are two of Victoria’s best state schools, Glen Waverley Secondary College and Mount Waverley Secondary College, along with two of Melbourne’s best private schools, Wesley College and Caulfield Grammar helps.
“It’s also halfway between the city and the hills, but retains a cosmopolitan atmosphere with over 100 cafes and restaurants in the area,” one agent told News Ltd.
Just the two recent auction sales at Glen Waverley, according to the REIV.
| 5 Sagan Court | $2,020,000 | Ray White Glen Waverley |
| 17 Lindwall Street | $1,200,000 | Stockdale & Leggo Waverley |
Source: REIV.
There were four auction sales at Mount Waverley.
| 64 Alice Street | $1,950,000 | Jellis Craig |
| 3/ 8 Edna Street | $758,000 | Jellis Craig |
| 1/ 3 Morrison Court | $792,000 | hockingstuart |
| 2 Vila Court | $1,310,000 | Noel Jones |
Source: REIV.
