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Malvern East

POSTAL CODE: VIC, 3145
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A steady increase in median property prices over a five-year period in the suburb translates to a -3.34% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $2,170,000

The augmented property values in the suburb are trailing above the territorial average of 2.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $695.

Home owners selling their properties and realtors in MALVERN EAST usually have to wait an average of 49.9 days days before their assets are lifted off the market.

The VIC suburb ranks 572nd on the list of best yielding suburbs for rental properties in VIC, posting a 1.67% return.

It also places places 448th in Australia based on median property value growth during the quarter.

Surburb overview

Malvern East is an inner-south-eastern suburb of Melbourne located within the City of Stonnington. The suburb sits approximately 12 kilometres south-east of the Melbourne central business district and forms part of a continuous residential corridor extending through the south-eastern suburbs.

Malvern East had a population of around 22,000 residents at the 2021 census, reflecting steady growth and a diverse household mix. The demographic profile includes families, professionals, students and older residents, with a median age close to the metropolitan average.

Housing in Malvern East is varied, comprising detached houses, townhouses and a growing number of low- and mid-rise apartment developments. Residential density is generally higher near major roads, activity centres and transport corridors, while interior streets retain a suburban character.

Public transport access is provided by several railway stations on the Frankston, Pakenham and Cranbourne lines, including Darling and Caulfield stations on the suburb’s boundaries. Tram routes operate along Waverley Road, Wattletree Road and Dandenong Road, offering frequent connections to the CBD and neighbouring suburbs.

Road connectivity is supported by arterial routes such as Dandenong Road, Waverley Road and Burke Road, which facilitate east–west and north–south travel but experience peak-hour congestion.

Malvern East contains several local shopping strips that provide supermarkets, cafés, medical centres and everyday services. The suburb is also adjacent to Chadstone Shopping Centre, one of Melbourne’s largest retail and employment hubs, which influences local travel patterns and employment.

Educational facilities include primary and secondary schools within Malvern East and nearby suburbs, as well as proximity to Monash University’s Caulfield campus.

Recreational amenities include Central Park, Ardrie Park and other local reserves that support walking, informal sport and community use. Shared cycling and walking paths connect parks and residential areas to surrounding suburbs.

Employment among residents spans professional services, education, health care, retail and trades, with many commuting to other parts of Melbourne.

Malvern East’s mix of housing types, transport access and proximity to major retail and education centres shape its role as a well-established inner-suburban area within Melbourne’s south-east.

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