104/24 Bogong Avenue, Glen Waverley VIC 3150
104/24 Bogong Avenue, Glen Waverley VIC 3150
2 bed 2 bath apartment | Glen Waverley school zone | Low maintenance modern living | Strong rental demand zone
This apartment presents a rare combination of dual bathrooms and a prime school-zone position in a suburb where two-bedroom units command a median near $672,500. Its configuration suits both owner-occupiers seeking lock-and-leave convenience and investors targeting the reliable tenant pool drawn by Glen Waverley Secondary College and The Glen Shopping Centre within walking distance. The secure parking and balcony add practical appeal for downsizers or professionals, while the absence of heritage or flood overlays simplifies due diligence.
The main risk is data confusion with a separate development site at the same street number, which could mislead buyers comparing land size or value. The property sits in a competitive market with 54% auction clearance and 49 average days on market, meaning pricing discipline is essential. However the 2011 last sale date suggests potential equity gain, and the 5G and NBN connectivity support modern buyer expectations without being a primary driver.
Detailed Independent Property Report prepared by PropCred Analyst team for 104/24 Bogong Avenue, Glen Waverley VIC 3150
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✓
Glen Waverley VIC 3150
Glen Waverley is a premium, family-centric suburb anchored by its highly regarded school catchments, which are a primary driver of demand from owner-occupiers. This has supported consistent price growth for houses, though the market shows some sensitivity to broader economic conditions. Future demand is underpinned by these established educational amenities and strong community infrastructure, yet significant entry prices present a notable affordability constraint for new buyers.
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
740m²
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Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst