Suburb Profile Report for Malvern East VIC (3145)

Malvern East House: Median price $1,787,000, Annual capital growth 6.69%, Number of sales 196, Weekly median advertised rent $610

Malvern East Unit: Median price $650,000, Annual capital growth 3.96%, Number of sales 118, Weekly median advertised rent $390

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

Property value increases in Malvern East have tracked lower than the VIC average of 8.62% over the last 12 months.

The five-year average increase in median property values for Malvern East,3145 has given property investors a potential capital gain of 69.75% across each of those five years.

Property buyers and investors in Malvern East 3145 should be seeing an average reduction in asking price of around -8.15% . This means that Malvern East is holding prices well when compared to other suburbs in VIC.

In the last year 196 properties changed hands in Malvern East, which puts it as the 107th most active market in VIC when comparing the number of sales per suburb.

A $610 per week rent on the median house gives suburb investors a gross yield of circa 1.78%, without taking into account capital value appreciation, which has been averaging out at 6.69%.

Over the last year, property investments in Malvern East, 3145 have given investors a capital gain of 14.04%. This compares favourably with the 7.50% for VIC as a whole.

A 42.08% growth in median value for property investors in Malvern East,3145 puts this suburb at number 43th 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 -6.21% below the asking price at the moment.

Often selling an investment property can take time, and in Malvern East the average time real estate has been on the market is 63.27 days.

Advertised rents are around the $390 mark per week – giving a return of 3.12% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,787,000 $650,000
-3.48% 5.69%
-4.69% 14.04%
6.69% 3.96%
$610 $390
196 118
1.78% 3.12%
49.04 63.27

Source: CoreLogic

DSR Score for property investment : Good (H), Good (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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Recent sales & rentals