Suburb Profile Report for Mulgrave VIC (3170)

Mulgrave House: Median price $865,500, Annual capital growth 8.24%, Number of sales 255, Weekly median advertised rent $450

Mulgrave Unit: Median price $624,750, Annual capital growth 5.64%, Number of sales 32, Weekly median advertised rent $393

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 11.00% which means that Mulgrave, 3170 has done well for property investors by showing a capital gain of 14.64% over the last year

While Mulgrave,3170 ranked number 200th in VIC for increase in median house value (annualised) increase, it is ranked 140th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Mulgrave itself are offering an average vendor discount of -9.54% to real estate investors.

Often selling an investment property can take time, and in Mulgrave the average time real estate has been on the market is 75.13 days.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Mulgrave, 3170 ranked 284th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mulgrave is one of 2098 in our list for VIC

Across a shorter period, Mulgrave, 3170 has seen a median price increase of 2.34% over the last quarter.

The most recent median price for Mulgrave is $624750, with sellers offering an average of -8.17% off the asking price.

In the last year 32 properties changed hands in Mulgrave, which puts it as the 248th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Mulgrave, 3170 is in the Monash local government area.

Metrics i HOUSE UNIT
$865,500 $624,750
3.96% 2.34%
14.64% -0.83%
8.24% 5.64%
$450 $393
255 32
2.70% 3.27%
75.13 57.53

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Mulgrave VIC
Demographics
Total population 17647
Median household income ($/weekly) 1347
Median age of persons 39
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    25-34 years 2620 14.8
    35-44 years 2603 14.8
    45-54 years 2110 12.0
    55-64 years 2240 12.7
    65-74 years 1768 10.0
    Others 6306 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 7923 57.1
    Not Married 5336 38.5
    Defacto Relationship 615 4.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 9494 55.6
    Croatia 795 4.7
    Indonesia 609 3.6
    Sri Lanka 780 4.6
    Other 1113 6.5
    Others 4295 25.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 1277 7.7
    Christianity 11292 68.1
    Hinduism 533 3.2
    Islam 419 2.5
    No Religion 2834 17.1
    Others 222 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 535 9.6
    $1,000-$1,249 505 9.1
    $1,500-$1,999 767 13.8
    $2,000-$2,499 598 10.8
    $2,500-$2,999 503 9.1
    Others 2650 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5584 39.5
    Not in the labour force 5086 36.0
    Employed, worked part-time 2502 17.7
    Employed, away from work 526 3.7
    Unemployed, looking for work 444 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1029 12.0
    Professionals 1972 22.9
    Technicians & trades workers 1188 13.8
    Clerical & administrative workers 1399 16.3
    Sales 882 10.2
    Others 2139 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 287 7.6
    Infants/Primary 1113 29.4
    Secondary 1006 26.6
    Technical or Further Educational Institution 366 9.7
    University or other Tertiary Institutions 883 23.3
    Others 128 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15953 94.3
    Semi-detached, row or terrace house, townhouse 618 3.7
    Flat, unit or apartment 318 1.9
    House or flat attached to a shop, office 26 0.2
    Caravan, cabin, houseboat 5 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2545 42.3
    Being purchased 2255 37.4
    Rented 1175 19.5
    Other tenure type 47 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals