703/52-54 Osullivan Road, Glen Waverley VIC 3150

| Panoramic views | Glen Waverley Secondary College zone | 140m² generous size | Mixed building performance | This apartment offers a rare combination of generous internal space and a prime school zone, which is the strongest competitive edge for family buyers. The 140m² floorplan is significantly larger than typical two-bedroom units in the area, and the direct zoning to Glen Waverley Secondary College within 200 metres is a clear demand driver. The building’s high owner-occupier ratio at 60% suggests stable tenure and lower turnover risk. This property best suits a buyer prioritising school access and living space over capital growth in the short term. The building’s recent sales data shows mixed performance, with several units recording negative annual growth over longer holding periods, indicating the complex may not appreciate as strongly as standalone houses. The suburb itself has seen a 9.5% price decline, and the 57% auction clearance rate points to softening demand. However, the unit 1308 sale at $625,000 after just one year suggests some price resilience for well-positioned units. The rental yield of 5.39% on a comparable unit offers a reasonable income buffer. Hold this property for its lifestyle and school access, not for rapid capital gains.