151-161 Forster Road, Mount Waverley, VIC 3149 | Property Value & History | OnTheHouse
 
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151-161 Forster Road
Mount Waverley VIC 3149

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Property Details for 151-161 Forster Rd, Mount Waverley

Building Type
Commercial
Local Government
Monash
Lot/Plan
1/TP83725

Last Listing description (October 2023)

A MONASH GEM WITH ENDLESS POSSIBILITIES

CBRE is pleased to offer 151-161 Forster Road, Mount Waverley to the market for lease via Expressions of Interest closing Thursday 30th March.

This property offers tenants an amazing opportunity to be located right at the footstep of the Monash Freeway. In partnership with property group Aliro, this rare blank canvass site can provide immense flexibility with design and utilisation of the site.


The strategic location of this facility will provide a powerful arterial network for business operations.

Forster Road is one of the best locations within the south east / east industrial market. With two street frontages the site offers amazing exposure and an unmatched location for the purpose of last mile or freight.

Zoning is special use zone (SUZ6) which enables various potential development types and uses. The close proximity to the Mount Waverley residential catchment benefits a multitude of potential uses through employment and foot-traffic.

Features:
+ 21,488sqm* site
+ Located at the Monash Freeway (M1) diamond interchange
+ Zoning Special Use Zone 6
+ Potential tenancy sizes from 5,000-20,000sqm*
+ Proposed Plans available upon request

*Approx.

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Property History for 151-161 Forster Rd, Mount Waverley, VIC 3149

A timeline of how this property has performed in the market
Last Sold
$6,500,000
07 Jan 2008
  • 02 Mar 2023
    Listed for Rent - Price not available
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About Mount Waverley 3149

The size of Mount Waverley is approximately 15.2 square kilometres. It has 41 parks covering nearly 11.6% of total area. The population of Mount Waverley in 2016 was 33611 people. By 2021 the population was 35340 showing a population growth of 5.1% in the area during that time. The predominant age group in Mount Waverley is 40-49 years. Households in Mount Waverley are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mount Waverley work in a professional occupation.In 2021, 73.40% of the homes in Mount Waverley were owner-occupied compared with 74.20% in 2016.

Mount Waverley has 17,932 properties. Over the last 5 years, Houses in Mount Waverley have seen a 31.74% increase in median value, while Units have seen a 33.06% increase. As at 30 November 2025:

  • The median value for Houses in Mount Waverley is $1,745,230 while the median value for Units is $1,165,116.
  • Houses have a median rent of $720 while Units have a median rent of $690.
There are currently 51 properties listed for sale, and 31 properties listed for rent in Mount waverley on OnTheHouse. According to Cotality's data, 764 properties were sold in the past 12 months in Mount waverley.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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