Malvern East is a large suburb in Victoria within the Stonnington local government area (postcode 3145). With a population of 22,296, the suburb has an established demographic with a median age of 38. Households earn a median income of $124K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Malvern East is $2.1 million, having declined 6.2% over the past year. Units have a median price of $616,000 (-8.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $2,944.
Malvern East is served by 5 schools, including 4 primary, 1 special. The average ICSEA score is 1141, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 102 bus stops. The crime rate in the Stonnington LGA is higher than average at 12,012 incidents per 100,000 population.
From an investment perspective, Malvern East offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.1M/$875K), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved -6.2% year-on-year.
Malvern East is a large suburb in Victoria within the Stonnington local government area (postcode 3145). With a population of 22,296, the suburb has an established demographic with a median age of 38. Households earn a median income of $124K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Malvern East is $2.1 million, having declined 6.2% over the past year. Units have a median price of $616,000 (-8.6% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $2,944.
Malvern East is served by 5 schools, including 4 primary, 1 special. The average ICSEA score is 1141, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 102 bus stops. The crime rate in the Stonnington LGA is higher than average at 12,012 incidents per 100,000 population.
From an investment perspective, Malvern East offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.1M/$875K), placing it in the premium segment. The price-to-income ratio of 16.6x is considered stretched. House prices have moved -6.2% year-on-year.