Malvern, a suburb of Melbourne, is located approximately 8 km southeast of Melbourne’s Central Business District and falls within the City of Stonnington. It is a well-established, affluent area known for its leafy streets, grand homes, and high-end shopping.
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Demographic Profile
- Population: As of the latest 2021 census, Malvern had a population of around 9929 residents.
- Predominant Age Group: The suburb is popular among families and older couples, with a significant representation of the 40-59 age group.
- Median Household Income: Typically higher than the Melbourne metropolitan average, reflecting the suburb’s affluence.
- Occupancy: Predominantly homeowners, with a mix of historic mansions, modern homes, and luxury apartments.
Real Estate and Growth
- Median House Prices: Malvern is known for its high-end real estate market, with a median house price of around AUD 2,500,000.
- Median Unit Prices: The median price is approximately AUD 1,000,000 for units.
- Rental Market: The median rent for houses is about AUD 750 per week, while for units, it’s around AUD 450 per week.
- Market Trends: Malvern has a stable and robust property market, reflecting its highly desirable location.
Education and Lifestyle
- Schools: Malvern is home to several prestigious schools, including Central and Primary School, and is near elite private schools.
- Local Vibe: The suburb is known for its upscale lifestyle, exclusive shops, boutiques, and fine dining along Glenferrie Road and High Street.
- Community Insights: Residents enjoy the suburb for its safety, community atmosphere, and proximity to the city.
Transportation
- Public Transport: Excellent public transport options, including Malvern railway station and several tram routes, offer easy access to the city and surrounding areas.
Notable Features
- Shopping and Dining: High Street is a major draw with its range of high-end stores, antique shops, and eateries.
- Green Spaces: Malvern boasts beautiful parks and gardens, offering residents lush green spaces for relaxation and recreation.
Malvern is a prestigious and sought-after suburb in Melbourne, appealing to those seeking an upscale lifestyle. Its blend of historical charm, modern amenities, and excellent connectivity, combined with a stable and prosperous real estate market, makes it an ideal choice for families and professionals. The community’s strong focus on quality living and education adds to Malvern’s allure as a top suburb in Melbourne.
