Malvern, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Malvern
VICCensus 2021 · Population 9,928
Malvern is an established suburb with a total population of 9,928 and a median age of 44, which is higher than the Victorian average of 38. The gender distribution is slightly skewed towards females, with 53.4% compared to 46.6% males. The suburb has a significant proportion of families, with 44.4% being couples with children and 42.1% couples without children. The area is characterized by a high level of education, with 53.1% of residents holding a bachelor's degree or higher, compared to the Victorian average of 29.2%.
Key Highlights
- Highly educated population - 53.1% hold bachelor degrees (vs VIC 29.2%)
- High median household income of $2,606 weekly (vs VIC $1,759)
- Significant work-from-home culture - 43.6% (vs VIC 25.7%)
- Diverse housing options with 45.8% separate houses and 30.8% apartments
- Low unemployment rate of 3.8% (vs VIC 5.0%)
Things to Consider
- Higher median age of 44 may not appeal to younger demographics
- High median monthly mortgage of $3,057 could be a barrier for some buyers
- Lower percentage of separate houses compared to VIC average (45.8% vs 73.4%)
- Rented properties slightly below VIC average (26.7% vs 28.5%)
- High percentage of high-income households may indicate higher living costs
What's it like living here?
Daily life in Malvern is marked by a high level of work-from-home arrangements, with 43.6% of the workforce doing so, significantly above the Victorian average of 25.7%. Commuting is less car-dependent, with only 32.2% driving to work, and public transport usage at 6.1%. The community has a diverse cultural background, with 31.5% of residents born overseas, slightly below the Victorian average of 35.0%.