All About Malvern, Stonnington, VIC, 3144

Malvern, located within the City of Stonnington in Victoria, is renowned for its picturesque settings and affluent atmosphere, contributing to its highly sought-after housing market. Known for its blend of old-world charm and modern amenities, the housing scene in Malvern is a mix of beautifully preserved Victorian and Edwardian homes, contemporary apartments, and luxurious townhouses. The suburb's lush greenery, accentuated by iconic parks such as the Malvern Urban Forest and Central Park, enhances its appeal. The market tends to attract families, professionals, and affluent individuals who appreciate both the aesthetic charm and the conveniences that Malvern offers. The demand in this suburb often leads to competitive pricing, making it one of the more premium markets in the Melbourne metropolitan area.

Living in Malvern provides a high quality of life with an array of lifestyle and leisure options. The suburb is well-known for its excellent educational institutions, including public and private schools, which bolsters its appeal to families. Public transport is highly accessible, with train and tram services connecting residents to Melbourne's Central Business District and other parts of the city, offering a practical choice for commuters. Malvern hosts a range of boutique shops, cafes, and restaurants, particularly along Glenferrie Road and High Street, providing residents with a vibrant local culture. Its community atmosphere, coupled with the convenience of urban living wrapped in a suburban setting, makes Malvern a desirable location for those seeking a balanced lifestyle.

Malvern Real Estate Market Outlook

Thinking about buying in Malvern? Now could not be a better time, with 7283 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,942,000 with prices in this suburb ranging from $340,000 to $24,586,000. Malvern is located fairly close to the coast at just 4Km 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 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. High density population in Malvern 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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