Thinking about buying in Malvern? Now could not be a better time, with 1463 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,767,000 with prices in this suburb ranging from $214,000 to $9,420,000. Malvern is located fairly close to the coast at just 9Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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Consistent high demand relative to supply is a key feature in Malvern driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Malvern 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 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. Medium density in Malvern necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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.
unit 13, 14 elizabeth st, malvern, vic, 3144 | 2 | 2 | 1 | $730,000 - $770,000 | |
unit 4, 51-53 wheatland rd, malvern, vic, 3144 | 2 | 1 | 1 | Contact Agent | |
unit 102, 36 bonview rd, malvern, vic, 3144 | 1 | 1 | 1 | $420,000 - $460,000 | |
unit 4, 1 oxford st, malvern, vic, 3144 | 1 | 1 | 1 | $365,000 | |
unit 7, 16 elizabeth st, malvern, vic, 3144 | 2 | 1 | 2 | $650,000 - $710,000 | |
unit 3, 19 horace st, malvern, vic, 3144 | 2 | 1 | 1 | Under Offer | |
unit 1, 1133-1145 malvern rd, malvern, vic, 3144 | 4 | 2 | 2 | $2,400,000 - $2,600,000 | |
unit 26, 65 station st, malvern, vic, 3144 | 2 | 1 | 1 | $570,000 | |
unit 1, 298 glenferrie rd, malvern, vic, 3144 | P.O.A. | ||||
unit 202, 36 bonview rd, malvern, vic, 3144 | 1 | 1 | 1 | $420,000 - $440,000 | |
unit 111, 36 bonview rd, malvern, vic, 3144 | 1 | 1 | 1 | 425000 |
Unley Primary School
Walford Anglican School for Girls
Concordia College
Saint Spyridon College
Highgate School
Sunrise Christian School Fullarton
Mitcham Girls High School
Unley High School
St Joseph's School
Urrbrae Agricultural High School
(While the above schools are located with the suburb of Malvern there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.5 | 16.4 | 27.0 | 42.8 | 86.8 | 2.9 | 23.8 |
Feb | 1.0 | 15.9 | 25.8 | 44.4 | 86.5 | 2.7 | 20.3 |
Mar | 1.1 | 14.5 | 24.1 | 45.4 | 88.1 | 2.5 | 15.6 |
Apr | 2.0 | 12.1 | 20.8 | 48.0 | 90.9 | 2.4 | 10.6 |
May | 1.6 | 10.0 | 17.7 | 52.3 | 89.4 | 2.9 | 7.8 |
Jun | 1.3 | 7.7 | 15.0 | 59.8 | 93.7 | 2.5 | 6.9 |
Jul | 1.3 | 7.8 | 14.4 | 56.9 | 89.5 | 3.3 | 7.4 |
Aug | 1.6 | 7.8 | 15.1 | 51.2 | 89.3 | 3.0 | 10.0 |
Sept | 1.4 | 9.3 | 17.7 | 46.1 | 88.9 | 3.1 | 14.0 |
Oct | 1.4 | 11.1 | 21.1 | 42.8 | 89.3 | 3.2 | 18.3 |
Nov | 1.8 | 12.5 | 22.4 | 43.4 | 88.6 | 2.9 | 20.8 |
Dec | 2.0 | 14.6 | 24.8 | 43.5 | 88.6 | 2.8 | 24.0 |
source: Australian Government Bureau of Meteorology
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