Malvern East vs Caulfield East.
Comparing two suburbs with median house prices of $2,437,500 and $1,819,000. Caulfield East edges out on more headline metrics in this comparison.
Caulfield East (median $1,819,000) is roughly 34% cheaper to buy into than Malvern East ($2,437,500).
On school quality, the average ICSEA across schools serving Caulfield East (1142) sits above Malvern East (1136). Malvern East skews owner-occupied (67%), Caulfield East runs more rental-dense (51% owner).
For buyers
Caulfield East is the lower entry point at $1,819,000 median, 34% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Malvern East offers the higher gross rental yield (1.30% vs 1.19%), favouring cash-flow investors.
For families
Caulfield East edges out on average school ICSEA (1142 vs 1136). Malvern East also has a higher family-household share (68% vs 49%), so the catchment community skews family-heavy.
Common questions
Is Malvern East or Caulfield East cheaper to buy in?
Caulfield East has the lower median house price at $1,819,000, roughly 34% 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 Caulfield East have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Caulfield East scores 1142 vs 1136 in Malvern East. 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 Caulfield East?
Gross rental yield on houses is 1.30% in Malvern East vs 1.19% in Caulfield 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