2 & 3/949 Dandenong Road Road, Malvern East, VIC 3145 | Apartment for sale | OnTheHouse
FOR SALE
$140,000 - $150,000

2 & 3/949 Dandenong Road Road
Malvern East VIC 3145

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Prime Investment Opportunity Opposite Monash University – Over 14% Rental Yield.

Positioned directly opposite Monash University's Caulfield Campus, this purpose-built student accommodation at 949 Dandenong Road, Malvern East, presents an exceptional opportunity for investors seeking strong, consistent rental returns in a tightly held education precinct.
This modern, low-maintenance studio apartment is located within a secure complex known for high student demand. With limited stock and proximity to world-class education, this property offers a dependable investment with historically low vacancy rates.
✅ Key Investment Features:
Strategic Location: Walk to Monash University Caulfield, Caulfield Station, trams, and retail hubs.
Strong Rental Demand: Popular with local and international students – ideal for long-term tenancy stability.
Secure Building: Keycard access, CCTV, communal lounge & laundry facilities.
Low Outgoings: Gas included, affordable body corporate, and strong rental yields.
Investor-Only Building: Exclusively for full-time tertiary students – no owner-occupier restrictions.
Whether you're looking to expand your portfolio or enter the market with a hassle-free, income-generating property, this is a smart, proven performer in one of Melbourne's top educational corridors.
📈 Rental Appraisal: $395 – $415 per week
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Property Details for 2 & 3/949 Dandenong Road Rd, Malvern East

2 & 3/949 Dandenong Road Rd, Malvern East is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Bow Residential.

Building Type
Apartment
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About Malvern East 3145

The size of Malvern East is approximately 7.7 square kilometres. It has 25 parks covering nearly 14.3% of total area. The population of Malvern East in 2016 was 21707 people. By 2021 the population was 22296 showing a population growth of 2.7% in the area during that time. The predominant age group in Malvern East is 20-29 years. Households in Malvern East are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Malvern East work in a professional occupation.In 2021, 66.90% of the homes in Malvern East were owner-occupied compared with 64.90% in 2016.

Malvern East has 12,708 properties. Over the last 5 years, Houses in Malvern East have seen a 42.34% increase in median value, while Units have seen a 8.95% increase. As at 31 October 2025:

  • The median value for Houses in Malvern East is $2,743,545 while the median value for Units is $643,012.
  • Houses have a median rent of $700 while Units have a median rent of $550.
There are currently 29 properties listed for sale, and 21 properties listed for rent in Malvern east on OnTheHouse. According to Cotality's data, 547 properties were sold in the past 12 months in Malvern east.

Suburb Insights for Malvern East 3145

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Ahmad Klank
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Bow Residential
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.