At number 1607th 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 9.04% 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 60.38% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Mulgrave is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 30th in terms of most discounted suburbs in VIC
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Property value increases in Mulgrave have tracked lower than the VIC average of 4.79% over the last 12 months.
Over the longer term, Mulgrave has seen property prices show investors a 21.57% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Mulgrave 3170 should be seeing an average reduction in asking price of around -7.57% . This means that Mulgrave is holding prices well when compared to other suburbs in VIC.
At number 375 in a list of fastest selling suburbs, Mulgrave is in the TOP 30% of suburbs in Australia with an average of days on market 56 for properties listed there.
Property investors should expect to get $400 weekly from the median priced house in this suburb.