If you compare the increase in value of investment property in Mulgrave, 3170 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.63%.
Across a shorter period, Mulgrave, 3170 has seen a median price increase of 2.56% over the last quarter.
Our latest figures would indicate that property sellers in Mulgrave are currently offering property investors an average price cut of -7.70% below the asking price at the moment.
Over the last year, property investments in Mulgrave, 3170 have given investors a capital gain of 0.73%. This compares badly with the 3.11% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mulgrave has increased when compared to the 5 year average annual rate.
Mulgrave3170 is located in VIC which offers an average discount of -5.12% to property investors. Mulgrave itself is showing figures that indicate -3.15% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $380 weekly from the median priced house in this suburb.