Malvern East is a well-populated 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Malvern East stand at $1.7 million, having declined steeply by 18.3% over the last twelve months. Units have a median price of $491,000 (-20.4% YoY). The current median weekly rent is $610. This gives a gross rental yield of approximately 1.9%. 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 11,590 incidents per 100,000 population.
On the investment side, Malvern East shows a gross rental yield of approximately 1.9%, rated as low yield. Property prices are above the state median ($1.7M/$850K), placing it in the premium segment. The price-to-income ratio of 13.6x is considered stretched. House prices have moved -18.3% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.