All About Malvern East, Stonnington, VIC, 3145

Malvern East, located within the Stonnington City Council jurisdiction in Victoria, is a vibrant suburb known for its unique blend of architectural elegance and modern amenities. The housing market in Malvern East is characterized by its diversity, encompassing classic Edwardian and Victorian homes, alongside contemporary apartments and townhouses. In recent years, the suburb has seen a steady rise in property values, driven by demand for its picturesque tree-lined streets, exceptional schooling options, and close proximity to the Melbourne Central Business District. The area attracts a mix of families, young professionals, and retirees, allured by its well-maintained parks, such as the expansive Darling Park, and the abundance of shopping and dining experiences available at Chadstone Shopping Centre, dubbed the largest shopping center in the southern hemisphere.

Living in Malvern East offers residents a high-quality lifestyle with ample access to public transportation, including several train stations and tram routes enhancing connectivity to the wider Melbourne area. The community thrives on its local culture, with numerous cafes, restaurants, and boutiques lining the streets, fostering a lively atmosphere. The suburb maintains a balance of bustling urban experiences and tranquil residential areas, making it an ideal location for those seeking both excitement and relaxation. Its well-regarded schools, like Malvern Valley Primary School and the proximity to sought-after private schools, add to its appeal for families. With these features, Malvern East stands out as one of Melbourne’s esteemed suburbs, offering a blend of convenience, community, and comfort.

Malvern East Real Estate Market Outlook

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.

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.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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