Malvern East, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Malvern East
VICCensus 2021 · Population 22,296
Malvern East is a well-established suburb with a population of 22,296. The median age is 38, aligning with the Victorian average. The suburb has a slightly higher female population at 51.2%. Families are a significant part of the community, with 49.8% of households being couples with children and 36.7% couples without children. The area is characterized by a mix of housing types, with 53.2% separate houses, 23.5% townhouses, and 21.5% apartments.
Key Highlights
- Highly educated population - 49.4% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,383 weekly (vs VIC $1,759)
- Significant work-from-home culture - 40.7% (vs VIC 25.7%)
- Diverse cultural background - 39.6% born overseas (vs VIC 35.0%)
- Mixed housing options with 53.2% separate houses and 21.5% apartments
Things to Consider
- Higher median monthly mortgage of $2,944 may challenge affordability
- Unemployment rate slightly above state average at 5.1%
- Lower percentage of separate houses compared to VIC average (53.2% vs 73.4%)
- Rented properties at 30.9%, slightly above VIC average of 28.5%
- High-income households may indicate higher living costs
What's it like living here?
Daily life in Malvern East offers a balanced mix of urban and suburban living. With 34.8% of residents driving to work and 40.7% working from home, the suburb supports diverse commuting patterns. The community has a high level of education, with 49.4% holding a bachelor's degree or higher, which is significantly above the Victorian average of 29.2%.