At number 1631th in the list of Australian suburbs ordered by increase in median house value over the last year, Mulgrave, 3170 is in the top 40% with a property value increase of 7.86% recorded in median house prices.
The five-year average increase in median property values for Mulgrave,3170 has given property investors a potential capital gain of 57.69% across each of those five years.
Our latest figures would indicate that property sellers in Mulgrave are currently offering property investors an average price cut of -9.41% below the asking price at the moment.
Giving property investors a an unimpressive capital gain of -0.83% for the last year, Mulgrave, 3170 is the 1163th highest performer in Australia in this respect.
While Mulgrave,3170 ranked number 123th in VIC for increase in median house value (annualised) increase, it is ranked 239th over the last 5 years.
At number 66th 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.
Residents and property investors in Mulgrave have been waiting around 59.29 days to sell a property.
Mulgrave is 309th on a list of best yielding suburbs for rents in VIC with a 3.25% return