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Malvern East

The Malvern East property market has performed strongly over the past 12 months to February 2020.

There have been 431 properties listed over the past 12 months, while 318 have sold. This compares to 467 listings for the same time last year, and 338 sales.

The current median sales price of a house in Malvern East is $1,780,000. This represents growth of 5.5% over the past 12 months.

The time it takes to sell a house in Malvern East is currently 26.5 days. This timing is -1.5 days higher than a typical 4 week auction campaign.

For apartments, the median sales price is $644,999. Apartment prices have flattened by 2.6% over the past 12 months. The time it takes to sell a unit in Malvern East is currently 46 days.

MICRO-SUBURBS
Median (# Sales)
HousesUnits
1$1,997,500
(77)
$696,500
(68)
2$1,350,000
(55)
$642,499
(36)
3$2,610,000
(34)
$504,300
(47)

Median Sales

House
Unit
$1,687,500

Feb 2019
(12 months)

$1,780,000

Feb 2020
(12 months)

$628,500

Feb 2019
(12 months)

$644,999

Feb 2020
(12 months)

 HouseMedian Sales Price Change inHouseMedian Sales Price

Number of Sales

228
Feb 2019
(12 months)
186
Feb 2020
(12 months)

-18.4%

MOVEMENT


110
Feb 2019
(12 months)
132
Feb 2020
(12 months)

20%

MOVEMENT

Number of Listings

 House Listings Unit Listings
207
224
35
Days on Market

Rentals

Rental Yield

2%

Median Asking Rent

$690
per week

Percentage Rented

HOUSES & UNITS
32.2%

Rental Yield

3.3%

Median Asking Rent

$405
per week

Population

Population
21,713

Family Composition

CHILDLESS COUPLE

34.2%

COUPLES WITH CHILDREN

52.2%

SINGLE PARENTS

11.1%

OTHER

2.5%

Tenure Type

RENTING

32.2%

OWNS OUTRIGHT

35.1%

PURCHASING

29.8%

OTHER

0%

Definitions and Disclaimers

Sales metrics are for the period 1 Mar 19 - Feb 20 unless otherwise stated. For listings, 1 May 19 - Apr 20.

The CoreLogic Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While CoreLogic uses commercially reasonable efforts to ensure the CoreLogic Data is current, CoreLogic does not warrant the accuracy, currency or completeness of the CoreLogic Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the CoreLogic Data.

The State of Victoria owns the copyright in the Property Sales Data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the Property Sales Data and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.