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Malvern

POSTAL CODE: VIC, 3144
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A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 2.44% growth over a ten-year period. It ranks 3628th on our list of suburbs that property investors should look into.

MALVERN, 3144 has a capital gain of -18.3% for the past year, which is lower than average compared to its -6.11% growth within a five-year period.

With the median home price in MALVERN sitting at $2,690,000, and the average rent at $825, property owners could potentially earn a 1.59% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MALVERN are low, as opposed to average gains per annum over the past five years.

MALVERN, 3144 in VIC belongs to the local government area of Stonnington.

Surburb overview

Malvern is an inner-south-eastern suburb of Melbourne located within the City of Stonnington. The suburb is situated about eight kilometres south-east of the Melbourne central business district and forms part of the established inner-urban corridor extending through the south-east.

Malvern recorded a population of around 10,000 residents at the 2021 census, with a demographic profile including families, older residents, and professional households. The median age is higher than the metropolitan average, reflecting a stable residential base and long-term settlement patterns.

Housing in Malvern is characterised by a mix of detached period homes, including Victorian and Edwardian dwellings, alongside low- and mid-rise apartment developments. Residential density increases near major roads and activity centres, while quieter streets retain a traditional suburban character.

Malvern is well serviced by public transport, with Malvern railway station on the Frankston line providing direct train services to the Melbourne CBD. Additional rail access is available at nearby stations, including Armadale, Toorak and Caulfield, expanding commuting options.

Several tram routes operate along Glenferrie Road, Wattletree Road and Dandenong Road, offering frequent connections to the city and surrounding suburbs. Road access is supported by arterial routes such as Dandenong Road and Wattletree Road, which facilitate east–west travel but experience peak-hour congestion.

Glenferrie Road, Malvern, functions as a central retail and service strip, containing supermarkets, specialty shops, cafés, medical centres and professional offices.

Additional shopping and commercial services are accessible in neighbouring suburbs, including Armadale, Toorak and Caulfield.

Educational facilities in and around Malvern include several primary schools, as well as secondary schools and tertiary institutions across the inner south-east.

Recreational amenities include Central Park, Malvern Gardens and other local reserves that support walking, informal sport and community use.

Malvern’s transport connectivity, established housing stock and concentration of services contribute to its role as a long-standing residential suburb within Melbourne’s inner south-east.

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