Median price trend for houses
Based on 114 sales in the preceding 12 months
$2,480,000
Down 11.9% over 12 months
- 2 bed
- $1.46m
- 3 bed
- $1.95m
- 4 bed
- $3.55m
- 5+ bed
- $4.48m
Town hall with clocktower and tram wires
The quick read on
Malvern
VIC 3144 · Stonnington
What homes cost, how rents have moved, and a feel for the people who call it home.
- Median house
- $2,480,000
- Median unit
- $670,000
- Population
- 9,929
- Postcode
- 3144
latest suburb median
latest suburb median
ABS 2021
Malvern, Victoria
Property market insights for Malvern (Vic.)
Median sale price and rental income of properties in Malvern (Vic.) VIC
Median rent trend for houses
Based on 65 rental listings in the preceding 12 months
$1,200 per week
Up 20.0% over 12 months
Market data updated October 2026.
The median house price in Malvern (Vic.), VIC is currently $2,480,000, based on the latest 12 months of sales. Malvern (Vic.) has a 12-month growth rate of -11.9% for houses and 6.3% for units.
Two-bedroom houses have a median sale price of $1,460,000, Three-bedroom houses have a median sale price of $1,950,000, Four-bedroom houses have a median sale price of $3,550,000, Larger houses have a median sale price of $4,480,000 in Malvern (Vic.).
If you're looking to lease, the median rent for houses in Malvern (Vic.) is $1,200 per week. The median house rent has increased 20.0% over the last 12 months.
The median price of apartments and units for sale in Malvern (Vic.) is $670,000, which has increased 6.3% since the same time last year. One-bedroom apartments and units have a median sale price of $418,000, Two-bedroom apartments and units have a median sale price of $741,000, Three-bedroom apartments and units have a median sale price of $1,500,000 in Malvern (Vic.). The median rent for units and apartments in Malvern (Vic.) is $575 per week and has decreased 4.2% over the last 12 months.
Crime and safety
Is Malvern safe?
The overall rate for Malvern is 6,275 offences per 100,000 residents — 57% above the Greater Melbourne benchmark.
That is the clearest suburb-wide answer. Open the detailed profile to see how the pattern changes across offence types and different parts of Malvern.
Overall crime rate
6,275
offences per 100,000 residents
57% aboveGreater Melbourne
MalvernGreater Melbourne: 4,001
Suburb-wide estimate from Microburbs' public crime model; it is not an address-level measure.
The people behind the postcode
Who lives in Malvern?
Malvern VIC 3144 is in Victoria, within Greater Melbourne.
9,929 people call Malvern home, with an average of 2.3 people per household and a median household income of $2,606 a week.
Public ABS 2021 Census figures. The bars compare the local share with the capital-region benchmark.
- Population
- 9,929
- Median age
- 44 years
- Median mortgage
- $3,057 / month
- 2021 household rent
- $450 / week
Above the benchmarkBelow the benchmarkIn lineGreater Melbourne benchmark
Age profile
Share of residents in each age band.
Under 1515.0%Below
15–3424.3%Below
35–5425.5%Below
55–7422.8%Above
75 and over12.5%Above
Homes
Share of occupied private dwellings.
Separate houses45.8%Below
Townhouses19.5%Above
Apartments30.9%Above
Ownership
Share of homes with a stated ownership or rental status.
Owned outright43.2%Above
Paying a mortgage29.2%Below
Renting27.6%Below
Cars at home
Vehicles available to occupied households.
No car8.4%In line
One car44.4%Above
Two cars34.8%Below
Three or more12.2%Below
Getting to work
Selected ways residents worked or travelled on Census day.
Worked from home43.6%Above
Drove to work32.2%Below
Train, tram or bus4.9%Above
Walked or cycled4.8%Above
What stands out in Malvern
43.6% of workers in Malvern worked from home on Census day — noticeably more common than across Greater Melbourne.
3.5% of Malvern residents were born in England.
37.7% of people in Malvern described themselves as having no religion in the 2021 Census.
A closer look at the Census
Questions people ask about Malvern
Open any question for a plain-English reading of the public 2021 Census for Malvern VIC 3144.
Is Malvern family-friendly?Age, family structure and household size describe the community families would be joining.
15.0% of Malvern's residents were children under 15 in the 2021 Census. That is somewhat below the Greater Melbourne average.
2,617 family households lived in Malvern; 44.4% were couple families and 11.7% were one-parent families.
32.3% of local families included children under 15. That is well below the Greater Melbourne average.
These are suburb-wide household figures, not school or childcare ratings.
What is the age profile of Malvern?The balance between younger adults, families and older residents changes how a suburb feels day to day.
Malvern had 9,929 residents at the 2021 Census.
23.6% of residents were aged 25 to 44.
35.2% were 55 or older. That is well above the Greater Melbourne average.
Age shares use the suburb’s total Census population.
What kind of homes are in Malvern?The dwelling mix shows whether the suburb is mostly detached homes, townhouses or apartments.
Separate houses made up 45.8% of occupied private dwellings in Malvern.
Townhouses and other attached homes represented 19.5% of occupied private dwellings.
Flats and apartments accounted for 30.9% of occupied private dwellings.
All three shares use occupied private dwellings as the denominator.
Do people own or rent in Malvern?Tenure shows how many households own outright, have a mortgage or rent.
43.2% of households with a stated tenure owned their home outright. That is well above the Greater Melbourne average.
29.2% were buying their home with a mortgage.
27.6% rented their home. That is somewhat below the Greater Melbourne average.
Tenure shares include households that stated one of these three arrangements.
How large are households in Malvern?Household-size data shows the mix behind the suburb-wide average.
The average household in Malvern had 2.3 people.
One-person households made up 31.7% of occupied homes. That is well above the Greater Melbourne average.
Two-person households represented 33.5%, while 21.9% had four or more usual residents.
Household size counts usual residents in occupied homes.
How do people get to work in Malvern?Census-day travel shows the balance between home, road, public transport and active travel.
43.6% of workers worked from home on Census day. That is well above the Greater Melbourne average.
32.2% drove a car as their only travel method. That is well below the Greater Melbourne average.
4.9% used only a train, tram or bus, while 4.8% walked or cycled.
Travel figures are a 2021 Census-day snapshot.
How many cars do households have in Malvern?Vehicle availability helps describe the routines local households can support.
8.4% of occupied households had no motor vehicle available. That is almost exactly typical for Greater Melbourne.
One-car households formed 44.4% of the total.
47.0% of households had two or more vehicles.
Vehicle counts refer to occupied households, not individual residents.
Who's moving to Malvern, and who stays?Address history shows how settled or recently mobile residents were at the Census date.
59.8% were at the same address five years earlier, while 40.2% reported a different address.
23.9% of residents were born outside Australia. That is well below the Greater Melbourne average.
Mobility figures cover residents who answered the relevant Census question.
What languages are spoken in Malvern?Language at home gives a direct view of the community’s everyday linguistic mix.
80.4% of residents used only English at home.
16.2% used a language other than English at home.
3.2% spoke Mandarin at home, 1.1% spoke Cantonese and 0.6% spoke Hindi.
Home language is separate from English proficiency.
Where were Malvern residents born?Birthplace adds another layer to the local story, separate from ancestry and language.
23.9% of Malvern's population was born outside Australia, while roughly 76.1% was born in Australia.
2.2% of residents were born in China.
2.0% were born in India, while Australian citizenship across the whole suburb stood at 88.6%.
Birthplace, citizenship and ancestry describe different parts of identity.
What ancestries shape Malvern?Ancestry responses show how residents describe family and cultural background.
English ancestry accounted for 36.6% of ancestry responses in Malvern.
Australian ancestry made up 28.5% of responses.
Chinese ancestry represented 6.4% of responses.
People may nominate more than one ancestry, so these are shares of responses.
What work do people do in Malvern?Occupation describes a person’s role; industry describes the sector employing them.
40.8% of employed residents worked in professional occupations. That is well above the Greater Melbourne average.
Managers accounted for 21.9% of employed residents, while clerical and administrative workers made up 11.3%.
Health care and social assistance employed 16.1% of workers, and education and training employed 8.2%.
Occupation and industry figures describe employed residents of the suburb.
How active is the workforce in Malvern?Participation, employment pattern and unemployment describe the resident labour force.
The labour-force participation rate was 63.4%, compared with 64.1% across Greater Melbourne.
37.4% of residents aged 15 and over worked full time, while 20.2% worked part time.
Unemployment was 3.8%, compared with 5.3% across Greater Melbourne.
Labour-force figures come from the 2021 Census.
What does the health profile of Malvern show?Selected long-term health conditions help describe community service needs.
63.6% reported no selected long-term health condition.
7.1% reported a long-term mental health condition, including depression or anxiety.
7.8% reported asthma, 7.8% arthritis and 2.7% diabetes excluding gestational diabetes.
These are self-reported suburb-wide Census figures, not address-level health risks.
How educated is Malvern?Qualifications describe the study pathways represented among local residents.
46.7% of people in the qualifications table held a bachelor degree. That is well above the Greater Melbourne average.
Postgraduate degrees accounted for 18.6% of qualification responses.
Diploma-level qualifications represented 12.3%, while certificate-level qualifications represented 8.0%.
Qualification categories are reported separately and are not school ratings.
What do incomes and housing costs look like in Malvern?Census income and household payments give historical context for local living costs.
Median household income was $2,606 per week in the 2021 Census.
The median monthly mortgage repayment reported by local households was $3,057.
Occupied renting households reported a median rent of $450 per week.
These household figures are from 2021; current sale and asking-rent medians appear in the market section.
How does Malvern compare with Greater Melbourne?A few clear differences place the suburb in its wider metropolitan context.
Working from home was 43.6% in Malvern, compared with 28.8% across Greater Melbourne.
Outright ownership was 43.2% locally and 30.7% across Greater Melbourne. That is well above the Greater Melbourne average.
Renting accounted for 27.6% in Malvern, against 31.1% across Greater Melbourne.
Capital-region comparisons use the same Census definitions and year.
Three useful questions
A buyer’s quick guide to Malvern (Vic.)
Is Malvern (Vic.) expensive?
The median house price is $2,480,000, while units and apartments sit at $670,000. Bedroom count, land and condition still create a wide range around those suburb medians.
Is Malvern (Vic.) good for families?
The Census counted 2,617 local families, and 15.0% of residents were under 15. That describes the community; school quality, travel times and the right fit for a particular family need separate research.
What can I get for $1.5m in Malvern (Vic.)?
2-bedroom houses have a median around $1,460,000, the closest bedroom benchmark we hold to a $1.5m budget. Individual homes can differ substantially with block size, renovation and location.
Medians describe recorded market activity across the suburb; they are historical context, not a valuation or forecast for an individual home.
Explore the area
Streets and suburbs around Malvern (Vic.)
120 streets in Malvern (Vic.)
Street-by-street reports are not published yet. The streets below are the ones this suburb covers.
- Acre Pl
- Alice St
- Arthur St
- Ascot St
- Ashley Gr
- Banksia
- Barkly Ave
- Beamsley St
- Beaven Ave
- Bell St
- Bodley Ln
- Bonview Rd
- Bride St
- Canberra Gr
- Cawkwell St
- Chandlers Rd
- Chesterfield Ave
- Chilcote Ave
Show all 120 streetsShow fewer streets
- Childers Rd
- Church St
- Claremont Ave
- Como Street
- Coonil Cr
- Cressy St
- Cummins Gr
- Dalny St
- Dandenong Rd
- Dandenong Road
- Derril Ave
- Dixon St
- Drysdale St
- East St
- Ebbott Ln
- Edsall St
- Elizabeth St
- Embling Rd
- Ethel St
- Euston St
- Evandale Rd
- Eva St
- Ewart St
- Finlayson St
- Fraser St
- Frederick St
- Gaynor Ct
- Glendearg Gr
- Glenferrie Rd
- Glenview Ave
- Gordon Gr
- Grace St
- Graves Ln
- Hamilton Rd
- Harvey St
- Haverbrack Ave
- Henderson Ave
- High St
- High Street
- Horace St
- Hornsby St
- Hunter St
- Irving St
- Isabella St
- Johnstone St
- Jordan St
- Lara St
- Lawnhill Rd
- Llaneast St
- Lysterville Ave
- Malvern Rd
- Mary St
- Mayfield Ave
- Mcarthur St
- Mckinley Ave
- Meredith St
- Milton Pde
- Moorakyne Ave
- Mountview Rd
- Myamyn St
- Nicholls St
- Norfolk Pl
- Northbrook Ave
- Oxford St
- Parkside St
- Park St
- Parslow St
- Pine Gr
- Plant St
- Pryor Pl
- Raleigh St
- Robinson St
- Rushmead St
- Russell St
- Shaftesbury Ave
- Silver St
- Somers Ave
- Sorrett Ave
- Soudan St
- Spring Rd
- Stanhope St
- Staniland Ave
- Station Place
- Station St
- Stonnington Pl
- Thanet St
- Toorak Rd
- Tooronga Rd
- Union St
- Valetta St
- Victoria Rd North
- Victoria Rd South
- Walnut St
- Warner St
- Wattletree Rd
- Weir Street
- Wheatland Rd
- Wilks Ave
- Willis St
- Willow St
- Winter St
- Woodmason St
12 suburbs surrounding Malvern (Vic.)
Compare nearby suburb prices, rents and five-year market trends.
Keep exploring
Is Malvern (Vic.) right for your search?
Use the finders to compare places and properties, or open the full report when you need the street, risk, schools and growth research.
Read the thinking
Figures update as new market and census data arrives. This suburb overview is general information, not a valuation or financial advice.