Suburb Profile Report for Mulgrave VIC (3170)

Mulgrave House: Median price $855,000, Annual capital growth 5.74%, Number of sales 196, Weekly median advertised rent $480

Mulgrave Unit: Median price $778,000, Annual capital growth 4.98%, Number of sales 39, Weekly median advertised rent $475

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Mulgrave have tracked close to the VIC average of 4.41% over the last 12 months.

Taking the average capital gain, or increase in median house value, Mulgrave,3170 has racked up an average of 1.96% over the period. This ranks it number 1955th in the whole country for real estate investors looking at median house price increases.

At number 482th of VIC’s most discounted properties, Mulgrave is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Mulgrave the average time real estate has been on the market is 74.1087 days.

Property investors who have had real estate in Mulgrave, 3170 should be relatively pleased 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 8.06%

If we look at median property appreciation over just the last three months, Mulgrave has given property investors a paper return of 7.31%. This puts Suburb as 36 on a list of fastest fasting appreciating suburbs in VIC

In the last year 39 properties changed hands in Mulgrave, which puts it as the 212th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Mulgrave, 3170 is in the Monash (C) local government area.

Metrics i HOUSE UNIT
$855,000 $778,000
1.79% 7.31%
1.96% 8.06%
5.74% 4.98%
$480 $475
196 39
2.92% 3.17%
74.1086956521739 48.1

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Mulgrave VIC
Demographics
Total population 17647
Median household income ($/weekly) 1347
Median age of persons 39
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    25-34 years 2620 14.8
    35-44 years 2603 14.8
    45-54 years 2110 12.0
    55-64 years 2240 12.7
    65-74 years 1768 10.0
    Others 6306 35.7
    Age Group
    Census Count Percent(%)
    Registered Married 7923 57.1
    Not Married 5336 38.5
    Defacto Relationship 615 4.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 9494 55.6
    Croatia 795 4.7
    Indonesia 609 3.6
    Sri Lanka 780 4.6
    Other 1113 6.5
    Others 4295 25.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 1277 7.7
    Christianity 11292 68.1
    Hinduism 533 3.2
    Islam 419 2.5
    No Religion 2834 17.1
    Others 222 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 535 9.6
    $1,000-$1,249 505 9.1
    $1,500-$1,999 767 13.8
    $2,000-$2,499 598 10.8
    $2,500-$2,999 503 9.1
    Others 2650 47.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5584 39.5
    Not in the labour force 5086 36.0
    Employed, worked part-time 2502 17.7
    Employed, away from work 526 3.7
    Unemployed, looking for work 444 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1029 12.0
    Professionals 1972 22.9
    Technicians & trades workers 1188 13.8
    Clerical & administrative workers 1399 16.3
    Sales 882 10.2
    Others 2139 24.8
    Occupation
    Census Count Percent(%)
    Pre-school 287 7.6
    Infants/Primary 1113 29.4
    Secondary 1006 26.6
    Technical or Further Educational Institution 366 9.7
    University or other Tertiary Institutions 883 23.3
    Others 128 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 15953 94.3
    Semi-detached, row or terrace house, townhouse 618 3.7
    Flat, unit or apartment 318 1.9
    House or flat attached to a shop, office 26 0.2
    Caravan, cabin, houseboat 5 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2545 42.3
    Being purchased 2255 37.4
    Rented 1175 19.5
    Other tenure type 47 0.8
    Tenure Type
Census 2011, ABS
Chart Table