Suburb Profile Report for Malvern East VIC (3145)

Malvern East House: Median price $1,628,888, Annual capital growth 9.68%, Number of sales 221, Weekly median advertised rent $580

Malvern East Unit: Median price $585,500, Annual capital growth 7.19%, Number of sales 162, Weekly median advertised rent $369

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 9.25% for the last 12 months, Malvern East, 3145 has performed for property investments than its average annual 9.68% property growth over the last 5 years.

While Malvern East,3145 ranked number 390th in VIC for increase in median house value (annualised) increase, it is ranked 68th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Malvern East itself are offering an average vendor discount of -12.35% to real estate investors.

Residents and property investors in Malvern East have been waiting around 53.94 days to sell a property.

With the median price for a house in Malvern East being $1628888 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 1.85%

Property investors who have had real estate in Malvern East, 3145 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.43%

A 17.39% growth in median value for property investors in Malvern East,3145 puts this suburb at number 258th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Malvern East are currently offering property investors an average price cut of -5.32% below the asking price at the moment.

With the median price for a house in Malvern East being $585500 and the advertised rent reaching $369 the gross rental yield for property investors calculates out to be 3.28%

HOUSE UNIT
$1,628,888 $585,500
0.70% -1.35%
9.25% -0.43%
9.68% 7.19%
$580 $369
221 162
1.85% 3.28%
53.94 74.86

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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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
Chart Table
Recent sales & rentals