Is Malvern East a nice place to live?

Malvern East is an established, tree-lined inner-southern suburb with a mix of period homes and low-rise apartments, local shopping strips and Glen Waverley train and bus links. The community has incomes above the Victorian median, with couple families with children making up 49.8% of families and most homes owner-occupied; neighbourhood parks, cafes and local shops cover day-to-day needs while the major Chadstone retail precinct is close by. The Percy Treyvaud Memorial Park master plan has entered its construction phase, with the City of Stonnington beginning the final-stage sports-oval redevelopment.

Is it expensive to live in Malvern East?

On the figures for Malvern East, a typical local household had about $2,383 a week at the most recent Census. That makes the median house price of $1,688,000 equal to about 13.6 times a typical local annual household income, while the median unit price of $500,000 is about 4.0 times annual income. Looking at rents, a house at $875 a week would take roughly 37% of that weekly household income, a sizeable share, and a unit at $540 a week would take about 23%, a moderate share. On these figures, buying a house sits much further above local incomes than buying a unit, and renting a house uses a larger share of income than renting a unit. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Malvern East a good place to invest?

What stands out in Malvern East is the strong 11.0% rise in median unit values over the past 12 months, while median house values climbed a modest 2.1% in the same period. House rents rose a solid 6.7% and unit rents increased by a modest 4.9%. Put simply for investors: on houses, rental income grew faster than capital value, whereas on units capital growth outpaced rent growth. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Malvern East suburb profile

Malvern East is an established, tree-lined inner-southern suburb of Melbourne, known for its quiet residential streets and a mix of period homes and low-rise apartments. Interwar and Edwardian cottages sit alongside mid-century bungalows and more recent infill, giving the suburb a varied streetscape and mature gardens.

Local shopping strips, cafes and neighbourhood parks are scattered through the suburb, with the major Chadstone retail precinct close by for bigger shopping needs. Public transport includes the Glen Waverley train line and a network of buses, making the suburb easy to reach while retaining a calm, residential feel.

Malvern East property market performance

Current median dwelling price$1,094,000Past 3 months

Property growth+6.5%Past 12 months

Malvern East's median house price is $1,688,000, up a modest 2.1% over the last 12 months. The median unit price is $500,000, up strongly 11.0% over the last 12 months; unit values rose faster than house values.

In Malvern East, unit rents rose 4.9% over the last 12 months, while unit values ran ahead of rents.

	Houses	Units
Median price Past 3 months	$1.69M	$500K
Change in value Past 12 months	2.1%	11.0%
Sold Past 3 months	50	45
Median days on market Past 12 months	43	35
Average rent Past 12 months	$875	$540
Change in rent Past 12 months	6.7%	4.9%

5 year median price trend for houses and units

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Malvern East demographics

Malvern East is a community with incomes above the median for Victoria.

The largest family group is couples with children, at 49.8% of families, and most homes are owner-occupied. At the 2021 Census, 22,296 people lived in Malvern East.

Malvern East and Victoria

	Suburb	VIC
Median age years	38	38
Median household income weekly	$2,383	$1,759
Couples with children share of families	49.8%	45.5%
Couples without children share of families	36.7%	37.6%
One-parent families share of families	11.5%	15.2%
Homes owned outright share of homes	36.4%	33.2%
Homes with a mortgage share of homes	32.0%	37.3%
Homes rented share of homes	31.6%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Malvern East infrastructure, key developments and investment opportunities

Malvern East's Percy Treyvaud Memorial Park master plan entered its construction phase in 2026, when the City of Stonnington began the final-stage sports-oval redevelopment; the ovals are expected to reopen in 2027. The works will deliver renewed multi-purpose ovals to accommodate sports including lacrosse and cricket.

The Stonnington Sports Centre at Percy Treyvaud opened in 2023, providing four indoor mixed-use courts. De La Salle College's Holy Eucharist campus in Malvern East was refurbished and completed in January 2019, featuring new dedicated science rooms.

Suburbs near Malvern East

Some popular suburbs near Malvern East include:

How does Malvern East compare to nearby suburbs?

Median house prices: Malvern East’s median house price is 0.8% higher than Caulfield’s.
Median unit prices: Malvern East’s median unit price is 14.5% lower than Caulfield North’s.
House price growth: Over the past 12 months, house prices in Malvern East have grown 20.5% higher than in Caulfield East.
Unit price growth: Over the past 12 months, unit prices in Malvern East have grown 64.3% higher than in Caulfield East.
Selling speed for houses: Properties in Malvern East are selling 10.4% faster than in Caulfield North.
Selling speed for units: Properties in Malvern East are selling 20.5% faster than in Malvern.
Investment considerations: In Malvern East, the rental yield for house is 37.6% higher than the Melbourne average, while the rental yield for units is 9.2% lower.
House price growth: Over the past 12 months, house prices in Malvern East have grown 91.7% higher than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Malvern East have grown 1.5% higher than the average rate of growth for units across Melbourne.

Common questions about Malvern East

Is Malvern East a nice place to live?
Malvern East is an established, tree-lined inner-southern suburb with a mix of period homes and low-rise apartments, local shopping strips and Glen Waverley train and bus links.

The community has incomes above the Victorian median, with couple families with children making up 49.8% of families and most homes owner-occupied; neighbourhood parks, cafes and local shops cover day-to-day needs while the major Chadstone retail precinct is close by. The Percy Treyvaud Memorial Park master plan has entered its construction phase, with the City of Stonnington beginning the final-stage sports-oval redevelopment.
Is it expensive to live in Malvern East?
On the figures for Malvern East, a typical local household had about $2,383 a week at the most recent Census. That makes the median house price of $1,688,000 equal to about 13.6 times a typical local annual household income, while the median unit price of $500,000 is about 4.0 times annual income. Looking at rents, a house at $875 a week would take roughly 37% of that weekly household income, a sizeable share, and a unit at $540 a week would take about 23%, a moderate share. On these figures, buying a house sits much further above local incomes than buying a unit, and renting a house uses a larger share of income than renting a unit.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Malvern East a good place to invest?
What stands out in Malvern East is the strong 11.0% rise in median unit values over the past 12 months, while median house values climbed a modest 2.1% in the same period. House rents rose a solid 6.7% and unit rents increased by a modest 4.9%.

Put simply for investors: on houses, rental income grew faster than capital value, whereas on units capital growth outpaced rent growth.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Malvern East

There are 202 real estate agents in Malvern East, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 19.2% of all sales in the past year.

Commission rates in Malvern East typically range from 1.71% to 2.57%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.