Suburb Profile Report for Malvern East VIC (3145)

Malvern East House: Median price $1,801,000, Annual capital growth 8.70%, Number of sales 223, Weekly median advertised rent $600

Malvern East Unit: Median price $549,000, Annual capital growth 4.41%, Number of sales 172, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Malvern East, 3145 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.52%

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.

Vendor discounting in Malvern East is giving property investors an average Vendor Discount of around -7.86%. This puts suburb at number 76th in VIC when ranking the most discounted suburbs.

In the last year 223 properties changed hands in Malvern East, which puts it as the 105th most active market in VIC when comparing the number of sales per suburb.

A $600 per week rent on the median house gives suburb investors a gross yield of circa 1.73%, without taking into account capital value appreciation, which has been averaging out at 8.70%.

Investment property in Malvern East has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.95%

Malvern East,3145 has offered an average of -6.95% return per annum in house price rises to property investors over the last three years.

Malvern East, 3145 is offering VIC ‘s 80th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

At number 502 in a list of fastest selling suburbs, Malvern East is in the TOP 40% of suburbs in Australia with an average of days on market 61.06 for properties listed there.

Advertised rents are around the $380 mark per week – giving a return of 3.60% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,801,000 $549,000
4.71% -8.35%
7.52% -6.95%
8.70% 4.41%
$600 $380
223 172
1.73% 3.60%
61.4 61.06

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
Find a mortgage broker in Malvern East VIC
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