297 Springvale RoadGlen Waverley VIC 3150
Property Details for 297 Springvale Rd, Glen Waverley
Last Listing description (May 2019)
IBIS HOTEL GLEN WAVERLEY
CBRE Hotels is pleased to present the opportunity to acquire the 3.5 star Ibis Glen Waverley, a corporate hotel located in one of Melbourne's fastest growing areas.
Key investment considerations include:
- 3.5 star hotel with 155 guest rooms, a ground level caf , restaurant and bar, conference and function facilities, large business centre, and associated parking.
- Located on a prominent highway position, the hotel benefits from a strong corporate driven market, within direct proximity to a major retail and commercial centre for the region, in what is one of Australia s fasting growing corridors.
- Operated by Accor under the Ibis brand, benefiting from Accor's market leading sales, marketing and distribution network.
- Melbourne enjoys a strong year round conference and events calendar which combines well with established corporate and leisure demand of accommodation.
Property History for 297 Springvale Rd, Glen Waverley, VIC 3150
- 09 Apr 2019Listed for Sale FOR SALE VIA EOI CLOSING 5 JUNE 2019
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About Glen Waverley 3150
The size of Glen Waverley is approximately 16.8 square kilometres. There are 53 parks, covering nearly 13.2% of the total area. The population of Glen Waverley in 2016 was 40327 people. By 2021 the population was 42642 showing a population growth of 5.7% in the area during that time. The predominant age group in Glen Waverley is 40-49 years. Households in Glen Waverley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Glen Waverley work in a professional occupation.In 2021, 69.30% of the homes in Glen Waverley were owner-occupied compared with 72.60% in 2016.
Glen Waverley has 19,861 properties. Over the last 5 years, Houses in Glen Waverley have seen a 18.32% increase in median value, while Units have seen a 14.98% increase. As at 30 April 2026:
- The median value for Houses in Glen Waverley is $1,806,423 while the median value for Units is $944,182.
- Houses have a median rent of $765 while Units have a median rent of $730.
Suburb Insights for Glen Waverley 3150
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