Malvern is a mid-sized suburb in Victoria within the Stonnington local government area (postcode 3144). With a population of 9,929, the suburb has an established demographic with a median age of 44. Households earn a median income of $136K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Malvern is $3.3 million, having grown strongly 9.5% over the past year. Units have a median price of $775,000 (+1.9% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $3,057.
Malvern is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1150, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 2 tram stops, 46 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Stonnington LGA is higher than average at 12,012 incidents per 100,000 population.
From an investment perspective, Malvern offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($3.3M/$875K), placing it in the premium segment. The price-to-income ratio of 24.4x is considered stretched. House prices have moved +9.5% year-on-year.
Malvern is a mid-sized suburb in Victoria within the Stonnington local government area (postcode 3144). With a population of 9,929, the suburb has an established demographic with a median age of 44. Households earn a median income of $136K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Malvern is $3.3 million, having grown strongly 9.5% over the past year. Units have a median price of $775,000 (+1.9% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 0.9%. The median monthly mortgage repayment is $3,057.
Malvern is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1150, which is well above the national average of 1,000. Public transport access includes 4 rail stations, 2 tram stops, 46 bus stops. Healthcare facilities include 2 private hospitals. The crime rate in the Stonnington LGA is higher than average at 12,012 incidents per 100,000 population.
From an investment perspective, Malvern offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($3.3M/$875K), placing it in the premium segment. The price-to-income ratio of 24.4x is considered stretched. House prices have moved +9.5% year-on-year.