Suburb Profile Report for Malvern VIC (3144)

Malvern House: Median price $2,150,000, Annual capital growth 8.72%, Number of sales 128, Weekly median advertised rent $828

Malvern Unit: Median price $625,000, Annual capital growth 6.18%, Number of sales 103, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Malvern, 3144 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.23%.

Malvern,3144 was ranked 3017 in Australia by increase in median property value over the quarter.

Property buyers and investors in Malvern 3144 should be seeing an average reduction in asking price of around -6.21% . This means that Malvern is holding prices well when compared to other suburbs in VIC.

At number 1132 in a list of fastest selling suburbs, Malvern is in the TOP 40% of suburbs in Australia with an average of days on market 65.88 for properties listed there.

With the median price for a house in Malvern being $2150000 and the advertised rent reaching $827.5 the gross rental yield for property investors calculates out to be 2.00%

Malvern has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -0.79% to date .

While Malvern,3144 ranked number 44th in VIC for increase in median house value (annualised) increase, it is ranked 166th over the last 5 years.

Property investors looking for a bargain in Malvern should be aiming for at least -7.12% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.18%, investors should hope to achieve an overall return of 3.33%

Michael Yardney Information supplied by:

Michael Yardney
Metropole Property Strategists

M 9591 8888
O 0419 800 900

W http://www.metropole.com.au/
E myardney@metropole.com.au
Malvern is a prestigious suburb with three fundamental drivers of capital growth: character properties, easy access to other parts of Melbourne and excellent schools. Full summary

Malvern is a prestigious suburb, nestled next to premium suburbs Toorak and Armadale.

It’s largely populated by affluent families, with freestanding houses far outnumbering apartments. The area’s shown consistently impressive growth over the last 35 years, with periods of faster growth mirroring that of the rest of Melbourne. 

Selling points: Within 10 kms to Melbourne’s Central Business District, bordering neighbouring suburbs Armadale, Toorak Caulfield and Glen Iris, Malvern prides itself on parks & recreation, schools, public transport and good old fashioned neighbourly spirit and community sense of pride. 
 
Its many tree lined streets generally have larger allotments this affluent suburb is popular with growing families. 
 
Most sought after properties: Malvern offers a variety of housing which includes older period homes as well as contemporary homes in tree lined streets as well as a smattering of apartments.
 
Most common properties:  Victorian/Edwardian period homes and more recently designer executive homes 
 
Top amenities: With a number of primary schools and selection of high schools within the immediate area and neighbouring suburbs, Malvern is a popular destination for young families.  The suburb offers excellent transport facilities, an abundance or great eateries and restaurants and Glenferrie roads shopping precinct. It’s also well positioned within arm’s reach of the Monash Freeway.
 
Local industry and business:  Predominately a residential only, there is a good mixture of retail and other small business trade in the area
 
Recent changes: Over the years Malvern has undergone a revamp with the majority of period homes being restored to their natural glory adding as a result of younger generations settlings into this popular destination. At the same time many older homes have been demolished to make way for architect designed executive homes.
 
Best streets: Haverbrack Road, Chilcote Avenue, Spring Rd, Harvey Street, Elizabeth Street and Finlayson Street just to name a few of the more prestige and popular.
 
Public transport: There are a number of tram routes in the area along main arteries of Wattletree Road, Glenferrie Road, High Street and Malvern Rd.  Trains are located at Malvern and nearby Gardiner Railway Station. 
 
Main arteries: Main arteries include Glenferrie Road, High Street, Malvern Road, Princes Hwy and Wattletree Road.
 
Close
HOUSE UNIT
$2,150,000 $625,000
-1.15% 5.04%
0.23% -0.79%
8.72% 6.18%
$828 $400
128 103
2.00% 3.33%
65.88 77.92

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Malvern VIC
Demographics
Total population 9502
Median household income ($/weekly) 2017
Median age of persons 39
Median housing loan repayment ($/monthly) 2800
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1159 12.2
    25-34 years 1284 13.5
    35-44 years 1319 13.9
    45-54 years 1271 13.4
    55-64 years 1116 11.7
    Others 3354 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 3667 51.7
    Not Married 2947 41.6
    Defacto Relationship 475 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6770 74.4
    Indonesia 310 3.4
    Papua New Guinea 178 2.0
    United Kingdom 361 4.0
    Other 332 3.6
    Others 1146 12.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 146 1.7
    Christianity 5396 61.8
    Hinduism 216 2.5
    Judaism 683 7.8
    No Religion 2183 25.0
    Others 112 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 348 10.9
    $2,000-$2,499 229 7.2
    $2,500-$2,999 517 16.2
    $3,000-$3,499 286 9.0
    $4,000 or more 422 13.2
    Others 1388 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2984 40.2
    Not in the labour force 2426 32.7
    Employed, worked part-time 1561 21.0
    Employed, away from work 244 3.3
    Unemployed, looking for work 207 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 929 19.4
    Professionals 1900 39.6
    Community & personal service workers 333 6.9
    Clerical & administrative workers 635 13.3
    Sales 424 8.8
    Others 571 11.9
    Occupation
    Census Count Percent(%)
    Pre-school 201 8.2
    Infants/Primary 795 32.4
    Secondary 572 23.3
    Technical or Further Educational Institution 114 4.6
    University or other Tertiary Institutions 698 28.4
    Others 75 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5786 65.0
    Flat, unit or apartment 1879 21.1
    Semi-detached, row or terrace house, townhouse 1181 13.3
    House or flat attached to a shop, office 61 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1477 42.3
    Rented 1029 29.5
    Being purchased 950 27.2
    Other tenure type 38 1.1
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals