malvern

3144, Victoria

Real Estate & Property Information

Median
Price Rank
6

malvern Suburb Profile & Review

Malvern is famous for its established tree-lined streets and large period houses. Beautiful parks such as Malvern Gardens are scattered throughour the suburb. The Malvern Town Hall, built in 1886, is used as the offices for the City of Stonnington Council. The Harold Holt Swimming Centre is an ironic memorial to the 17th Prime Minister of Australia, who was from the area but disappeared, presumably drowned, in 1967.

Glenferrie Road is a popular shopping destination with a fantastic mixture of restaurants and cafes. Malvern Central Shopping Centre is another convenient spot for the usual amenities shopping. Caffe La Via is a local favourite, while the Malvern Hotel is a fresh take on the traditional pub. It has a gourmet menu and a fantastic selection of fine wines, and its open fireplaces are popular in the winter. Caulfield Grammar School, St Joseph's Primary and Malvern Central School are all popular and respected primary schools in the area.

Public transport is readily accessible. Tooronga Station is located on the Glen Waverley line and Malvern Station is on the Frankston, Pakenham and Cranbourne lines. Tram routes catering to the suburb include the route 5, route 6, route 72, route 8 and route 16, and the Malvern Tram Depot on Glenferrie Road is the last stop for many services.

malvern Demographic Data

$ 1,615,000 Median House Price

19 Minutes Average Commute

39 Median Age

9,504 Population

53.26 % Female

46.74 % Male

2427 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in malvern, Victoria.

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malvern Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

malvern Median House Prices

  • 2008 $ 1,278,500
  • 2009 $ 1,376,500
  • 2010 $ 1,536,000
  • 2011 $ 1,732,500
  • 2012 $ 1,615,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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malvern 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in malvern have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term malvern property price predictions.

malvern Market Property Types

  • 54 % Seperate House
  • 15 % Semi Detached
  • 30 % Flat or Unit
  • 1 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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malvern Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

malvern Income & Mortgage Stats

  • $ 2,017 Median Weekly Household Income
  • $ 2,800 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in malvern

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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malvern Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

malvern Sold Property Prices

malvern Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

malvern Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

malvern Restaurants

  • Tivoli Theatre Restaurant1390 High Streetmalvern VIC 314403 9509 9066
  • Thai O-Cha137 Wattletree Rdmalvern VIC 314403 9509 1299
  • Sugo105 Wattletree Rd malvern VIC 314403 9500 1558

malvern Cafes

  • Taste Food and Wine1398 High Stmalvern VIC 314403 9500 8807
  • Vanilla Omelette11 Station Streetmalvern VIC 314403 9031 3550
  • Fleischer Cakes96 Glenferrie Rdmalvern VIC 314403 9509 3699

malvern Schools

  • De La Salle College Kinnoull Campus1318 High Streetmalvern VIC 3144(03) 9508 2100Catholic Secondary School
  • De La Salle College Tiverton Campus1318 High Streetmalvern VIC 3144(03) 9508 2100Catholic Secondary School
  • St. Josephs Primary School49 Stanhope Stmalvern VIC 3144(03) 9509 3092 Catholic Primary School

malvern Childcare

  • Wattletree House CCC171 Wattletree Rdmalvern VIC 3144
  • Malvern Day Nursery101 Tooronga Roadmalvern VIC 3144
  • Wattletree Early Childhood Ctr256 Wattletree Roadmalvern VIC 3144

malvern Kindergarten and Preschools

  • Little St Margarets29 Mayfield Avenuemalvern VIC 3144

malvern Sporting Centres and Clubs

  • Malvernmalvern VIC 3144Bowling Club
  • Malvern Sports Clubmalvern VIC 3144
  • Malvern Valley Golfers Drmalvern VIC 3144Golf Course

malvern Retirement Villages

  • Mandalay malvern VIC 3144
  • Menziesmalvern VIC 3144

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