Malvern East is the engine room of the inner south-east, with one of the deepest and most active markets anywhere in the area. More than a hundred four-bedroom houses and ninety three-bedroom homes sold over the year, and demand runs strong right across the board: two-bedroom houses are clearing at close to nine in ten, and two-bedroom apartments near $635,000 at around four in five.
Only the very top eases, with five-bedroom homes near $3m clearing at around half. Almost everything else, from entry apartments to family houses, is selling well and quickly.
This is the suburb where the current pace is most visible. Buyers are active, moving fast and often lodging offers across several homes at once, so vendors on the market should be ready to act when strong interest arrives. A well-presented home priced to recent local sales is meeting genuine competition here, rather than waiting for buyers to appear.
Median sale price for houses in Malvern East is $1,935,000, down 1.3% from last year.
Median sale price for units in Malvern East is $587,500, up 17.5% from last year.
Properties sold for houses in Malvern East is 265, down 6.7% from last year.
Properties sold for units in Malvern East is 201, down 5.2% from last year.
Auction clearance for houses in Malvern East is 67.4%, down 9.2% from last year.
Auction clearance for units in Malvern East is 77.9%, up 13.2% from last year.
Av days on market for houses in Malvern East is 40, up 25.0% from last year.
Av days on market for units in Malvern East is 33, down 31.3% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
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