Malvern vs Stonehaven
Property investment comparison - Malvern, VIC 3144 vs Stonehaven, VIC 3218
Head-to-head across core investment metrics: Malvern wins 2, Stonehaven wins 0. 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 | Malvern | Stonehaven |
|---|---|---|
| Median house price | $2.6M | $2.7M |
| Median unit price | $800K | - |
| Gross rental yield (houses) | 2.36% | - |
| Gross rental yield (units) | 3.70% | - |
| 1-year house growth | -6.9%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.4% | 2.9% |
| Population | 9,929 | 79 |
Malvern vs Stonehaven: what the numbers say
The median house price is $2.6M in Malvern and $2.7M in Stonehaven, so Malvern is the cheaper entry point, with Stonehaven houses about 4% dearer.
Rental vacancy is 1.4% in Malvern and 2.9% in Stonehaven, 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 79, roughly 126 times the size of Stonehaven; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Malvern 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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