103/286-290 Blackburn Road, Glen Waverley VIC 3150

103/286-290 Blackburn Road, Glen Waverley VIC 3150
2 bed 1 bath apartment | 2010-built low-rise | Glen Waverley Secondary zone | flood overlay noted | rent around $600–$650/week This unit sits in a modern, low-maintenance complex that appeals directly to buyers who want school-zone access without the upkeep of a house. The Glen Waverley Secondary College catchment is the strongest competitive advantage here, and it consistently drives demand from families and investors alike. Being close to Syndal Station and Blackburn Road shops adds practical convenience, making it a sensible option for first-home buyers or downsizers who value location over land. The 2010 build means contemporary finishes, decent insulation, and a layout that suits everyday living, so it competes well against older walk-up stock in the area. The flood overlay is the factor that may temper price growth or resale ease, so it is worth checking insurance costs and council requirements before committing. The unit’s exact floor level and orientation are not confirmed, which could affect light and privacy, and these details might shift how it compares to similar units in the complex. Rental demand appears steady given the school zone, but the apartment format means capital growth will likely trail detached houses in the same suburb, so buyer expectations should align with that reality. || Comparable Sales: 209/286-290 Blackburn Road sold $505,000; 4/286-290 Blackburn Road sold $470,000 | Property Price Band: $450K–$550K | Value Drivers: school catchment, building age, flood overlay impact
Detailed Independent Property Report prepared  by PropCred Analyst team for 103/286-290 Blackburn Road, Glen Waverley VIC 3150
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Glen Waverley holds a family-oriented position in Melbourne’s eastern suburbs, with owner-occupiers and families as the clear buyer base. House values are elevated at roughly $1.73–1.8m, with annual growth of 3.9–6.5% across sources, while units sit at $895k–990k and show flat to negative growth in most reports. Houses sell in 29–53 days, confirming steady but not overheated turnover. Demand is driven by strong school catchments, transport access, and community amenities, attracting established households seeking larger dwellings. Future growth relies on sustained school-driven interest and connectivity, but affordability constraints from $1.7m+ entry prices and auction sensitivity to rate conditions temper upside. House rental yields are thin at 2.24%, and unit yields only modestly better at 3.82%, reinforcing an owner-occupier-led market over investment demand.
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PropCred Estimated Value

Comparable Sales: 209/286-290 Blackburn Road sold $505,000; 4/286-290 Blackburn Road sold $470,000 | Property Price Band: $450K–$550K | Value Drivers: school catchment, building age, flood overlay impact

Bedrooms

2

Bathroom

1

Parking

1

Land

2155m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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