Malvern East vs Carnegie.
Comparing two suburbs with median house prices of $2,437,500 and $1,810,000.
Carnegie (median $1,810,000) is roughly 35% cheaper to buy into than Malvern East ($2,437,500).
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, 35% 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 (1.64% vs 1.30%), favouring cash-flow investors.
For families
Malvern East edges out on average school ICSEA (1136 vs 1121).
Common questions
Is Malvern East or Carnegie cheaper to buy in?
Carnegie has the lower median house price at $1,810,000, roughly 35% below Malvern East ($2,437,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Malvern East or Carnegie 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, Malvern East or Carnegie?
Gross rental yield on houses is 1.64% in Carnegie vs 1.30% 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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Malvern East against another suburb