Malvern East
VIC, 3145
-
Stonnington
Thinking about buying in Malvern East? Now could not be a better time, with 14744 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,060,000 with prices in this suburb ranging from $140,000 to $19,110,000. Malvern East is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Household Makeup
| Median Weekly Rent | $471.36 |
| Median Monthly Mortgage | $2964.05 |
| Median Persons Per Bedroom | 0.87 |
| Average Household Size | 2.67 |
| Average Age | 39.18 |
| Average Income | $1074.57 |
| Average Cars Per Dwelling | 1.65 |
| Average Properties Within 50M | 174 |
Housing Stock
Average Property Prices
| 1 Bed $694,000 |
| 2 Bed $1,282,000 |
| 3 Bed $2,454,000 |
| 4 Bed $3,687,000 |
| 5 Bed $4,699,000 |
| 6 Bed+$4,747,000 |
Malvern East Real Estate Market Outlook
Consistent high demand relative to supply is a key feature in Malvern East driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Malvern East ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Malvern East classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Malvern East requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
Houses for sale Malvern East
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Local Schools
Lloyd Street Primary School
The Currajong School
Malvern Primary School
Malvern Valley Primary School
St Mary's School
Oakleigh Primary School
Murrumbeena Primary School
Solway Primary School
Oakwood School
Sacre Coeur
(While the above schools are located with the suburb of Malvern East there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Malvern East weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.5 | 16.4 | 27.0 | 42.8 | 86.8 | 2.9 | 23.8 |
| Feb | 1.0 | 15.9 | 25.8 | 44.4 | 86.5 | 2.7 | 20.3 |
| Mar | 1.1 | 14.5 | 24.1 | 45.4 | 88.1 | 2.5 | 15.6 |
| Apr | 2.0 | 12.1 | 20.8 | 48.0 | 90.9 | 2.4 | 10.6 |
| May | 1.6 | 10.0 | 17.7 | 52.3 | 89.4 | 2.9 | 7.8 |
| Jun | 1.3 | 7.7 | 15.0 | 59.8 | 93.7 | 2.5 | 6.9 |
| Jul | 1.3 | 7.8 | 14.4 | 56.9 | 89.5 | 3.3 | 7.4 |
| Aug | 1.6 | 7.8 | 15.1 | 51.2 | 89.3 | 3.0 | 10.0 |
| Sept | 1.4 | 9.3 | 17.7 | 46.1 | 88.9 | 3.1 | 14.0 |
| Oct | 1.4 | 11.1 | 21.1 | 42.8 | 89.3 | 3.2 | 18.3 |
| Nov | 1.8 | 12.5 | 22.4 | 43.4 | 88.6 | 2.9 | 20.8 |
| Dec | 2.0 | 14.6 | 24.8 | 43.5 | 88.6 | 2.8 | 24.0 |
source: Australian Government Bureau of Meteorology
Internet Speed
Download 25 Mbps / Upload 5 MbpsNearby Suburbs
Public Transport
Stop 60: Burke Road - Less than 2 KM
Stop 61: Tennyson Street - Less than 2 KM
Stop 61: Tennyson Street - Less than 2 KM
Stop 62: The Avenue - Less than 1 KM
Stop 62: Macgregor Street - Less than 1 KM
Stop 63: Hughes Street - Less than 1 KM
Stop 63: Oak Grove - Less than 1 KM
Stop 64: Darling Road - Less than 1 KM
Darling - Less than 1 KM
East Malvern - Less than 1 KM
General Points of Interest
Como Centre - Less than 10 KM
Admiral Creswell Memorial - Less than 10 KM
Neighbours Backlot - Less than 10 KM
William C.F. Almeida - Less than 10 KM
Melbourne Cricket Ground - Less than 10 KM
The Cricketer's Bell - Less than 5 KM
McKinnon Obelisk - Less than 5 KM
Academy Swimming Pool - Less than 10 KM
Hockey Pavillion - Less than 10 KM
Malvern Valley Public Golf Course - Less than 2 KM
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