Suburb Profile Report for Malvern East VIC (3145)

Malvern East House: Median price $1,705,000, Annual capital growth 9.67%, Number of sales 238, Weekly median advertised rent $595

Malvern East Unit: Median price $575,000, Annual capital growth 6.53%, Number of sales 173, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

Malvern East is an average performer in VIC when comparing median price capital growth over the last year. Malvern East gave property investors a average capital gain figure when compared to the rest of the state, with 9.61%.

Malvern East,3145 has offered an average of 9.61% return per annum in house price rises to property investors over the last three years.

Malvern East, 3145 is offering VIC ‘s 102th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.

In the last year 238 properties changed hands in Malvern East, which puts it as the 88th most active market in VIC when comparing the number of sales per suburb.

A $595 per week rent on the median house gives suburb investors a gross yield of circa 1.81%, without taking into account capital value appreciation, which has been averaging out at 9.67%.

If you compare the increase in value of investment property in Malvern East, 3145 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 -1.29%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Malvern East has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Malvern East is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 252th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 6.53%, investors should hope to achieve an overall return of 3.26%

HOUSE UNIT
$1,705,000 $575,000
1.43% -4.09%
9.61% -1.29%
9.67% 6.53%
$595 $360
238 173
1.81% 3.26%
55.24 72.96

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 20066
Median household income ($/weekly) 1715
Median age of persons 36
Median housing loan repayment ($/monthly) 2400
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2518 12.5
    25-34 years 2619 13.1
    35-44 years 2930 14.6
    45-54 years 2784 13.9
    55-64 years 2189 10.9
    Others 7026 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 7404 49.4
    Not Married 6622 44.2
    Defacto Relationship 965 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 13670 71.1
    Croatia 858 4.5
    Indonesia 443 2.3
    United Kingdom 624 3.2
    Other 717 3.7
    Others 2906 15.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 657 3.6
    Christianity 11354 61.5
    Hinduism 341 1.8
    Judaism 656 3.6
    No Religion 5151 27.9
    Others 306 1.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 636 9.8
    $2,000-$2,499 509 7.9
    $2,500-$2,999 875 13.5
    $3,000-$3,499 557 8.6
    $4,000 or more 644 9.9
    Others 3253 50.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6021 38.4
    Not in the labour force 5186 33.1
    Employed, worked part-time 3418 21.8
    Employed, away from work 529 3.4
    Unemployed, looking for work 519 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 1772 17.8
    Professionals 3531 35.4
    Community & personal service workers 802 8.0
    Clerical & administrative workers 1398 14.0
    Sales 969 9.7
    Others 1494 15.0
    Occupation
    Census Count Percent(%)
    Pre-school 424 7.1
    Infants/Primary 1730 28.8
    Secondary 1309 21.8
    Technical or Further Educational Institution 363 6.0
    University or other Tertiary Institutions 2049 34.1
    Others 137 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13385 71.5
    Flat, unit or apartment 2642 14.1
    Semi-detached, row or terrace house, townhouse 2590 13.8
    House or flat attached to a shop, office 99 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2764 39.1
    Being purchased 2168 30.6
    Rented 2110 29.8
    Other tenure type 36 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals