At number 2218th in the list of Australian suburbs ordered by increase in median house value over the last year, Mulgrave, 3170 is in the BOTTOM 50% with a property value increase of 3.95% recorded in median house prices.
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.
Mulgrave, 3170 is offering VIC ‘s 81th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
At number 1387 in a list of fastest selling suburbs, Mulgrave is in the TOP 40% of suburbs in Australia with an average of days on market 69.43 for properties listed there.
Mulgrave is in the bottom 40% in VIC when comparing median price capital growth over the last year. Mulgrave gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.16%.
Comparing Mulgrave,3170 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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.