Suburb Profile Report for Malvern East VIC (3145)

Malvern East House: Median price $1,750,000, Annual capital growth 7.31%, Number of sales 169, Weekly median advertised rent $650

Malvern East Unit: Median price $638,250, Annual capital growth 5.01%, Number of sales 103, Weekly median advertised rent $430

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

VIC has seen average median house prices change by -1.79% which means that Malvern East, 3145 has not done well for property investors by showing a capital gain of 0.72% over the last year

Malvern East,3145 has offered an average of 0.72% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Malvern East is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 33th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $33800 per annum or $650 every week.

Malvern East has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of -1.73% to date .

While Malvern East,3145 ranked number 231th in VIC for increase in median house value (annualised) increase, it is ranked 166th 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 -6.31% offered to property buyers. Sellers in Malvern East itself are offering an average vendor discount of -6.56% to real estate investors.

Malvern East is 295th on a list of best yielding suburbs for rents in VIC with a 3.50% return

Metrics i HOUSE UNIT
$1,750,000 $638,250
8.02% -1.01%
0.72% -1.73%
7.31% 5.01%
$650 $430
169 103
1.93% 3.50%
56.6516853932584 73.7627118644068

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (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
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