The Malvern Conundrum: Where Preservation Meets Profit The recent sale of a $2.
66 million Californian bungalow in Malvern has raised eyebrows due to the buyer's intention to tear it down and rebuild, sparking debate about the value placed on preservation versus profit in Melbourne's property market.
Malvern is renowned for its historic architecture, tree lined streets, and proximity to parks and shopping precincts.