Carnegie vs Malvern East
Carnegie (median $1,810,000) is roughly 26% cheaper to buy into than Malvern East ($2,437,500).
Buying in Carnegie or Malvern East?
Selling in Carnegie? The free selling guide
Carnegie and Malvern East side by side
| Measure | Carnegie | Malvern East |
|---|---|---|
| Price and market | ||
| Median house | $1,810,000 | $2,437,500 |
| Median unit | $683,000 | $541,000 |
| Renting | ||
| House rent | $750/wk | $750/wk |
| Unit rent | $595/wk | $600/wk |
| Owner occupied | 55.0% | 67.0% |
| Renter occupied | 42.0% | 31.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1121 | 1136 |
| Lifestyle and people | ||
| Walk score | 100 | 100 |
| Transit score | 90 | 70 |
| Bike score | 100 | 100 |
| Population | 17,909 | 22,296 |
| Median age | 36 | 38 |
| Climate | ||
| Annual rainfall | 673 mm | 673 mm |
| Mean max, January | 26.4°C | 26.4°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Malvern East (1136) sits above Carnegie (1121). Malvern East skews owner-occupied (67%), Carnegie runs more rental-dense (55% owner).
- For buyers
- Carnegie is the lower entry point at $1,810,000 median, 26% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Carnegie offers the higher gross rental yield (2.15% vs 1.60%), favouring cash-flow investors.
- For families
- Malvern East edges out on average school ICSEA (1136 vs 1121).
Carnegie vs Malvern East: common questions
Is Carnegie or Malvern East cheaper to buy in?
Carnegie has the lower median house price at $1,810,000, roughly 26% below Malvern East ($2,437,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Carnegie or Malvern East have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Malvern East scores 1136 vs 1121 in Carnegie. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Carnegie or Malvern East?
Gross rental yield on houses is 2.15% in Carnegie vs 1.60% in Malvern East. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
Keep comparing
The two suburbs
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Choosing between Carnegie and Malvern East?
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