Melbourne inner east ยท VIC 3144
Buyers agent in Malvern
A decade of essentially flat house prices at a two and a half million dollar entry point.
Figures below are July 2026, suburb level, all bedroom counts. Full Stonnington council report.
The Malvern numbers
Houses
$2,549,284
Typical price
$1,133
Weekly rent
2.31%
Gross yield
+0.3%
Growth a year, 10yr
-4.1%
Growth, last 12mth
149
Sales a year
Units
$1,109,368
Typical price
$687
Weekly rent
3.22%
Gross yield
+1.9%
Growth a year, 10yr
-0.3%
Growth, last 12mth
191
Sales a year
Vacancy rate 1.57% across roughly 6,190 dwellings. HtAG Analytics, suburb level, all bedroom counts. Typical price is a modelled estimate, not a median of recent sales.
The honest read
What I'd tell you over a coffee
0.3% a year over ten years. That is not growth, that is standing still while inflation walks past you.
The last three years are -4.8% a year and the last twelve months -4.1%. So the recent trend is worse than the decade, not better.
A typical Malvern house is $2.55m on a 2.31% yield. Units have done considerably better at 1.9% a year, which is still not much, but it's six times the house number.
Malvern is a beautiful part of Melbourne and I understand entirely why people want to live there. I've had this conversation across a dinner table more than once, usually while Kate quietly changes the subject. But the data on this one is not ambiguous.
Who Malvern suits
Owner occupiers who want Malvern and are buying it with their eyes open.
What I'd watch
Everything about the recent trend. Ten year growth of 0.3% with a three year of -4.8% means the decade number is being propped up by the early years, and the market has been falling since.
How I work
- Flat $20,000 fee, whatever you buy and wherever it is
- No commissions from agents, developers or builders
- I'll tell you when a suburb doesn't stack up, including this one
Fair questions
Buying in Malvern, answered
Have Malvern house prices fallen?
Yes, on these figures. Down 4.1% over the last twelve months and averaging -4.8% a year over three years. The ten year figure is still slightly positive at 0.3% a year, which means the growth happened early in the decade and has been unwinding since.
What about Malvern units?
Better, at 1.9% a year over the decade against 0.3% for houses, and roughly flat over the last year while houses fell 4.1%. A typical unit is $1.11m on a 3.22% yield.
Other Melbourne suburbs
Same treatment, same data, different answer in every one of them.