At number 2327th in the list of Australian suburbs ordered by increase in median house value over the last year, Malvern East, 3145 is in the BOTTOM 50% with a property value increase of 4.43% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Malvern East,3145 has racked up an average of 4.43% over the period. This ranks it number 997th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Malvern East are currently offering property investors an average price cut of -8.80% below the asking price at the moment.
Using the current median advertised rental of $580 and the average annual increase in value of a median property of 9.51%, investors should hope to achieve an overall return of 1.77%
With a capital gain of 3.59% for the last 12 months, Malvern East, 3145 has performed for property investments than its average annual 6.56% property growth over the last 5 years.
Across a shorter period, Malvern East, 3145 has seen a median price increase of 4.39% over the last quarter.
At number 154th of VIC’s most discounted properties, Malvern East is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Malvern East have been waiting around 67.91 days to sell a property.
Situated 9.62km from the CBD, Malvern East is one of Stonnington localities in the postcode 3145.