Eastern View vs Malvern
Property investment comparison - Eastern View, VIC 3231 vs Malvern, VIC 3144
Head-to-head across core investment metrics: Eastern View wins 1, Malvern wins 4. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Eastern View | Malvern |
|---|---|---|
| Median house price | $2.5M | $2.6M |
| Median unit price | $1.0M | $800K |
| Gross rental yield (houses) | 1.95% | 2.36% |
| Gross rental yield (units) | 3.14% | 3.70% |
| 1-year house growth | - | -6.9%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 16.0% | 1.4% |
| Population | 47 | 9,929 |
Eastern View vs Malvern: what the numbers say
The median house price is $2.5M in Eastern View and $2.6M in Malvern, so Eastern View is the cheaper entry point, with Malvern houses about 1% dearer.
For units, Eastern View sits at a median of $1.0M against $800K in Malvern, which makes Malvern the more affordable unit market and Eastern View the pricier one.
On cash flow, Malvern leads: houses there return a gross rental yield of 2.36%, compared with 1.95% in Eastern View, a gap of 0.41 percentage points.
Rental vacancy is 1.4% in Malvern and 16.0% in Eastern View, so landlords in Malvern face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Malvern is the bigger suburb, with a population of 9,929 against 47, roughly 211 times the size of Eastern View; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Malvern for rental income, Eastern View for a lower purchase price, Malvern for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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