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 3.92%.
Across a shorter period, Mulgrave, 3170 has seen a median price increase of 1.66% over the last quarter.
Our latest figures would indicate that property sellers in Mulgrave are currently offering property investors an average price cut of -8.73% below the asking price at the moment.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 2.88%, without taking into account capital value appreciation, which has been averaging out at 8.17%.
Over the last year, property investments in Mulgrave, 3170 have given investors a capital gain of 3.92%. This compares averagely with the 4.26% for VIC as a whole.
Across a shorter period, Mulgrave, 3170 has seen a median price increase of 1.47% over the last quarter.
Property buyers and investors in Mulgrave 3170 should be seeing an average reduction in asking price of around -6.19% . This means that Mulgrave is holding prices well when compared to other suburbs in VIC.