Property investors who have had real estate in Mulgrave, 3170 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.86%
Mulgrave,3170 has offered an average of 7.86% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Mulgrave 3170 should be seeing an average reduction in asking price of around -4.15% . This means that Mulgrave is holding prices well when compared to other suburbs in VIC.
Investment property in Mulgrave has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.79%
If we look at median property appreciation over just the last three months, Mulgrave has given property investors a paper return of -1.02%. This puts Suburb as 242 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Mulgrave should be aiming for at least -4.71% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Mulgrave have been waiting around 57.35 days to sell a property.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 7.78%, investors should hope to achieve an overall return of 3.05%