Property investors who have had real estate in Mulgrave, 3170 should be ok 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 7.32%
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.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Mulgrave itself are offering an average vendor discount of -10.20% to real estate investors.
Residents and property investors in Mulgrave have been waiting around 78.86 days to sell a property.
Mulgrave is 419th on a list of best yielding suburbs for rents in VIC with a 2.85% return
Over the last year, property investments in Mulgrave, 3170 have given investors a capital gain of -2.47%. This compares badly with the 4.83% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Mulgrave comes in at number 101th in VIC.
At number 63th of VIC’s most discounted properties, Mulgrave is in the bottom 30% of the state/territory when listing in order of most discounted to least.
In the last year 38 properties changed hands in Mulgrave, which puts it as the 227th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Mulgrave being $621750 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.30%