Malvern East
Suburb profile, market snapshot and recent listings for Malvern East, VIC 3145.
About Malvern East
Welcome to Malvern East
Malvern East sits about ten kilometres south-east of the Melbourne CBD, in the leafy stretch of the inner south-eastern suburbs bordered by Ashburton, Carnegie, Murrumbeena, Caulfield East and Glen Huntly. It's a suburb built around wide, tree-lined streets, solid period homes and a string of village-style shopping strips, which together give it the settled, established feel that draws so many families and professionals to the area.
With a population of just over 22,000 and a median age of 38, Malvern East has long been considered one of Melbourne's more comfortable and quietly affluent addresses. It suits people who want inner-suburban convenience without inner-city density — buyers upgrading from an apartment, families after a good local school, and downsizers keen to stay in a neighbourhood they already know well.
Lifestyle & dining
Life in Malvern East revolves around a handful of relaxed strip shopping precincts rather than one dominant high street. Waverley Road, Wattletree Road and the Central Park end of the suburb all have their own clusters of cafes, bakeries and casual restaurants, giving residents plenty of low-key options for a Saturday morning coffee or a midweek dinner without needing to leave the neighbourhood. The pace is unhurried and family-friendly, with a strong cafe culture that leans more towards long breakfasts and neighbourhood regulars than nightlife.
Shopping
For bigger shopping trips, Malvern East is well positioned close to Chadstone Shopping Centre, one of the largest retail centres in the country, as well as the boutiques and specialty stores of nearby Glen Huntly and Carnegie. This mix of major retail therapy nearby and smaller, everyday shopping strips within the suburb itself means residents rarely need to travel far for anything, from weekly groceries to a wardrobe overhaul.
Getting around
Malvern East is well served by public transport, with the Glen Huntly and Alamein train lines both within reach and a network of tram and bus routes connecting residents to the CBD and neighbouring suburbs. Wattletree Road, Waverley Road and Dandenong Road provide straightforward driving routes into the city or out towards the eastern suburbs, and the suburb's position near Caulfield East and Murrumbeena also puts it within easy reach of Monash University's Caulfield campus.
Schools & families
Families are drawn to Malvern East partly for its choice of respected local schools. Malvern Primary School and Malvern Valley Primary School are popular zoned options, while Lloyd Street Primary School serves families in the northern part of the suburb. The Currajong School provides specialist education for students with additional needs. Combined with generous parks and a genuinely settled, low-turnover community feel, these schools help explain why so many residents stay in the area through multiple life stages.
Housing & architecture
The housing stock is a mix of eras and styles, from Californian bungalows and Victorian and Edwardian villas on the suburb's established tree-lined streets through to more recent townhouses and low-rise apartment developments. Current listings reflect that variety, running at roughly 45% houses, 41% apartments or units, 12% townhouses and a small proportion of vacant land, giving buyers a genuine spread of options depending on budget and lifestyle.
The property market
Malvern East's property market sits firmly in the premium bracket for Melbourne's south-east, with a median house price of $2.40 million reflecting the suburb's leafy streets, school catchments and proximity to the city. Units and apartments offer a considerably more accessible entry point, with a median price of $630,000, which helps explain the strong share of apartment stock among current listings. Median rent across the suburb sits at $1,290 per week, underlining solid demand from tenants as well as owner-occupiers. House price growth has been modest of late, up 1.1% recently, suggesting a market that has settled into steadier, more gradual gains after a long period of strong appreciation rather than one still in rapid ascent.
Market snapshot
Malvern East property market
Median sale price
$2.40m
House · 4 bed
Median rent
$1,290
per week
Gross rental yield
2.8%
annual rent ÷ sale price
Typical price range
Entry
$1.30m
Median
$2.40m
Premium
$4.83m
Days on market
43
Auction clearance
60%
Sold this year
118
Median sold price trend · House 4 bed
Compound growth -1.3% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Malvern East by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Malvern East, VIC 3145.
Population
22,296
residents (2021)
Median age
38
years
Household income
$2,383
median, per week
Median rent
$421
per week
Median mortgage
$2,944
per month
Mortgage / income
29%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Malvern East
Government school catchment
Independent & Catholic schools
Recent results
Recently sold in Malvern East
$1.55m
55 Argyll Street
Sold ~July 2026
$500k
16/1 Warley Road
Sold ~July 2026
$1m
8/4 Wynyeh Street
Sold ~July 2026
$11.30m
17 Manning Road
Sold ~July 2026
$385k
12/786 Warrigal Road
Sold ~July 2026
$1.65m
154 Darling Road
Sold ~July 2026
$355k
2/696 Waverley Road
Sold ~July 2026
$1.69m
1413 Dandenong Road
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Malvern East
Compare the area
Price map around Malvern East
Every listing for sale near Malvern East, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Nearby suburbs
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Common questions
Malvern East suburb FAQ
What is the median property price in Malvern East?
The median house price in Malvern East, VIC is $2.40m for a 4-bedroom home. Over the past year, median sold prices have risen about 1.1%.
How much is rent in Malvern East?
The median weekly rent in Malvern East is around $1,290 per week.
Is Malvern East a good place to live?
Malvern East is a suburb in Melbourne, Victoria, Australia, 13 km south-east of the Melbourne central business district, located within the City of Stonnington local government area. Malvern East is an established residential suburb in VIC, with a population of around 22,296 and 4 schools in the area.
What is the population of Malvern East?
Malvern East has a population of 22,296 (ABS 2021 Census), with a median age of 38.
What schools are in Malvern East?
There are 4 schools in or near Malvern East, including The Currajong School, Lloyd Street Primary School and Malvern Primary School.
How long do homes take to sell in Malvern East?
Properties in Malvern East take around 43 days to sell on average, with an auction clearance rate of about 60%.
How much do you need to buy in Malvern East?
Entry-level properties in Malvern East start around $1.30m, while premium homes reach $4.83m.
What suburbs are near Malvern East?
Suburbs near Malvern East include Ashburton, Carnegie, Murrumbeena, Caulfield East and Glen Huntly.
Fresh to market
New this week in Malvern East
A Californian renovator on a coveted corner
Fabulous Family Focus on the Park
Stylish Living with Private Entry, & Secure Parking
Available now