Buyer's Agents Malvern

Malvern offers a diverse range of properties, including:

• Victorian and Edwardian-era houses: These heritage homes are often the most expensive, with prices typically ranging from $2.5 million to $6 million or more.
• Californian bungalows and interwar period homes: Generally priced between $2 million and $4 million.
• Modern townhouses and newly built residences: Usually ranging from $1.5 million to $3.5 million.
• Apartments: Starting from $450,000 for smaller 1-bedroom units and exceeding $2 million for luxury apartments.

Prices vary significantly based on location, size, condition, and heritage status. Properties closer to Glenferrie Road or with views of Central Park tend to command premium prices.

Malvern has demonstrated strong and consistent growth over the past decade. As of 2024, the median house price has increased by approximately 50% over the last ten years. The market has shown resilience during economic downturns, supported by the suburb’s blue-chip status and limited supply of properties.

The future outlook remains positive, driven by continued demand for its schools, amenities, and proximity to the CBD. However, potential buyers should remember that the growth rate may moderate due to broader economic factors and affordability constraints.

Many properties in Malvern are subject to heritage overlays, which can impact renovation and development possibilities:

• Restrictions on exterior modifications to maintain street appearance
• Requirements to preserve certain internal features in some cases
• Need for council approval for many alterations, even minor ones
• Potential for higher maintenance costs
• Possible limitations on subdivision or development potential

Buyers should always check the specific heritage overlay requirements for a selected property and consider engaging a heritage consultant before purchasing. We also advise reviewing the Stonnington City Council’s heritage policies and guidelines.

School zones have a significant impact on property prices in Malvern:

• Properties within the zones of highly sought-after public schools like Malvern Primary School often command a premium, sometimes 10-15% higher than similar properties outside the zone.
• The presence of prestigious private schools like De La Salle College and Korowa Anglican Girls’ School also influences property values in their vicinity.
• Buyers with school-aged children should verify current school zoning information, as boundaries can change.
• Even for buyers without children, being in a desirable school zone can positively impact future resale value.

When evaluating properties across Malvern, consider:

• Proximity to public transport: Properties near Malvern Station or major tram routes often command a premium
• Local amenities: Consider distance to shopping strips like Glenferrie Road or High Street
• Traffic noise: Properties on or near main roads may be less expensive but noisier
• Green spaces: Proximity to parks like Central Park or Malvern Gardens can increase property values
• Future development: Research any planned developments that could affect the property’s value or neighbourhood character
• Flooding risk: Some low-lying areas may have drainage issues during heavy rain

Each area of Malvern has its own character and price point. While the area around Glenferrie Road is bustling, streets near Central Park offer a quieter, more family-oriented atmosphere. Eastern Malvern, bordering Glen Iris, is slightly more affordable while still offering the Malvern lifestyle.