Malvern is the family-settled heart of the inner south-east, with around seven in ten homes owner-occupied, and demand is strongest for exactly the kind of home buyers are seeking now: solid, secure and with a garden or courtyard. Two-bedroom houses are clearing at close to three in four, and quality two-bedroom apartments near $771,000 are doing even better, at around four in five, drawing downsizers and investors alike.
The larger family houses are where patience comes in. Four-bedroom homes near $3.33m are clearing at under four in ten, the clearest sign that the upper end asks for careful, evidence-based pricing.
With buyers active and often weighing several homes at once, the well-presented, sensibly priced property is the one that moves. For vendors of a quality garden home or apartment, the timing is genuinely strong, while owners of the grandest houses will do best with a price grounded firmly in recent local sales.
Median sale price for houses in Malvern is $2,690,000, down 8.6% from last year.
Median sale price for units in Malvern is $728,000, up 5.7% from last year.
Properties sold for houses in Malvern is 128, up 0.8% from last year.
Properties sold for units in Malvern is 119, down 4.0% from last year.
Auction clearance for houses in Malvern is 53.8%, down 26.3% from last year.
Auction clearance for units in Malvern is 71.8%, up 19.7% from last year.
Av days on market for houses in Malvern is 38, up 18.8% from last year.
Av days on market for units in Malvern is 45, up 21.6% from last year.
Wondering what homes are actually selling for locally? Browse recently sold properties in the area
Good property management should remove uncertainty, not create more of it.
If you're considering engaging a property manager, one of the first questions you're likely to ask is: how much does property management actually cost?
Owning an investment property and owning a good investment property are not necessarily the same thing. It’s an important distinction, and one that property investors should revisit regularly.
The Reserve Bank's decision to leave the cash rate on hold at 4.35 per cent is welcome news for buyers, sellers and businesses alike. While it's not a silver bullet for Melbourne's property market, it should provide some reassurance that the aggressive phase of the interest rate tightening cycle may be easing.
Discover the hidden potential of your biggest asset — for free, in seconds. Choose an Instant Appraisal for immediate market value and suburb performance, or request an in-depth Agent Appraisal from our experienced local Woodards professionals.
No obligation. No pressure. Just clarity.
Find South Yarra’s Best Real Estate Agents at Woodards
All of our agents have the experience and local knowledge to guide you
Whether selling or investing, an appraisal of value will give you the confidence to make an informed decision
Switch to Woodards Property Management
