Malvern at a glance
Median house
$2,500,000
Median unit
$625,000
Weekly rent
$1,000
Houses · units $600
Gross yield
2.1%
Houses, on the median
Walk score
100
Walker's paradise
Prices: Median · Land Victoria · the latest published quarter (updated May 2026) · Rent: Victorian rental report, September 2025
Houses change hands at $2,500,000 on a typical sale, well above the Victoria median. Units come in around $625,000, roughly 75% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $500,000. Prices sit well above the Victoria median, so plan for a stretched deposit and shop carefully on borrowing capacity.
Market
House prices in Malvern.
Median house price
$2,500,000
Median unit price $625,000.
Median · Land Victoria · the latest published quarter (updated May 2026)
Rental and ownership
Weekly rent (house)
$1000/wk
Weekly rent (unit)
$600/wk
Owner occupied
–
Renter occupied
–
At a deeper level
$2,500,000
$625,000
Rental data as of September 2025· rental-vic
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The brief
What to know about Malvern.
Malvern's median house price is $2,500,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)).
Postcode 3144 (VIC), City of Stonnington, part of Greater Melbourne.
Malvern (3144) sits in the Stonnington region of Victoria. The median house here is $2,500,000, well above the Victoria median of around $850K.
Day-to-day life here is very walkable, with most errands manageable on foot.
Side by side
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Nearby suburbs
Day to day
What it’s like to live here.
Malvern scores 100/100 on walkability, which makes it very walkable with workable public transport options. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 26°C (mild), winter mornings around 7°C (cool). Annual rainfall lands at about 639mm. Data comes from the Bureau of Meteorology's Melbourne (Olympic Park) station, 64.9km away.
Schooling within or near the suburb covers 5 government primary, 2 government secondary, 7 Catholic, 6 independent.
Who lives here
Demographics.
Population
–
Median age
–
Family households
–
Lone person
–
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For investors
Investment overview.
Gross rental yield on houses sits at 2.08% (median rent $1000/wk against a $2,500,000 price tag). Units yield 4.99% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: Land Victoria / DTP · May 20262.08%
Based on $2,500,000 median
Gross Yield (Unit)
Source: Land Victoria / DTP · May 20264.99%
Based on $625,000 median
Annual Growth (House)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Annual Growth (Unit)
Source: Land Victoria / DTP · May 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021–
Higher = more owner-occupier demand
Days on Market
Source: Land Victoria / DTP · May 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
627
total offences in 2026
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2026· State Police Open Data
Getting around
Walkability.
100
100
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Malvern.
Local schools for Malvern
View the catchment for each school to find out more.
Government School Catchment
Malvern Central School
Armadale Primary School
Malvern Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
639 mm
Hottest Month (avg max)
26.0°C
Coldest Month (avg min)
6.5°C
Monthly Rainfall (mm)
Weather data from BOM station Melbourne (Olympic Park) (65 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Malvern.
- What is the median house price in Malvern?
- The median house price in Malvern, VIC 3144 is $2,500,000 (Land Victoria's quarterly suburb median, the latest published quarter (updated May 2026)). The median unit price is $625,000.
- How much is my house worth in Malvern?
- A useful starting point is the Malvern median house price of $2,500,000 (units $625,000). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Malvern a good investment?
- On the published figures, the gross rental yield on houses in Malvern is 2.1%: the median weekly house rent is $1,000 (Victorian rental report, September 2025) against the median house price of $2,500,000 (Land Victoria, the latest published quarter, updated May 2026). No 12-month price change is published for Malvern: the Land Victoria figures we hold do not measure one. Whether Malvern is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Malvern postcode?
- Malvern is in the 3144 postcode, in VIC, in the City of Stonnington region.
- Where is Malvern?
- Malvern is a suburb of Melbourne, in VIC 3144. It is part of the Greater Melbourne area, in the City of Stonnington region.
- What is the average rent in Malvern?
- The median weekly rent for houses is $1000, for units it's $600.
- What schools are in Malvern?
- There are 20 schools serving Malvern on this page, including Malvern Central School, De La Salle College, St Joseph's School.
- How walkable is Malvern?
- Malvern has a Walk Score of 100 out of 100, very walkable. transit score 100, bike score 100.
- What suburbs are near Malvern?
- Malvern is close to Malvern North, Armadale North, Armadale, Central Park, Kooyong.
Malvern
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
Always dated
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