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 14.36%
Taking the average capital gain, or increase in median house value, Mulgrave,3170 has racked up an average of 14.36% over the period. This ranks it number 721th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Mulgrave is $900000, with sellers offering an average of -5.03% off the asking price.
Renters in Suburb are facing rents around $5400 per annum or $450 every week.
Investment property in Mulgrave has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.80%
Across a shorter period, Mulgrave, 3170 has seen a median price increase of 3.86% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Mulgrave is offering property investors an average of -4.58. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.