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Investment Property Mulgrave, VIC, 3170

Suburb Snapshot

Mulgrave is a suburb in the Monash Region of Victoria. Mulgrave has a population of 19,369 people and 19.43% of its occupants live in rental accommodation. The median listing price for houses is $950,000 and this has changed 5.55% over the past year and changed 5.55% over 2 years.

The median rent in Mulgrave for houses is $620 per week and the median rental yield is 3.39%. Stock on the market for houses/townhouses has changed 34.09% compared to last year and the average time to sell a house/townhouse is 51 days.The median listing price for units is $650,000 and this has changed -4.42% over the past year. The average unit takes 48 days to sell and the median rent for a unit in Mulgrave is $450 per week, producing a rental yield of 3.60%.

Supply & Demand in Mulgrave, Monash

0.73%

Current vacancy rate


59

Rental stock available


19,369

Population


19.43%

Rental population


1.04%

Current vacancy rate


863

Rental stock available


182,612

Population


26.76%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Mulgrave, Monash

  House Townhouses Units
Median listing price $950,000 $850,000 $650,000
Median price change - last quarter 0.00% -3.41% -5.11%
Median price change - 1 year 5.55% -3.52% -4.42%
Median price change - 2 years 5.55% 0.59% 0.00%
  House Townhouses Units
Median weekly rent $620 $650 $450
Median yield % 3.39% 3.97% 3.60%
Median rent change - 1 year 10.71% 4.83% 5.88%
  House Units
Previous month sales 21 1
Stock on market previous month 59 2
Stock variance vs. last year 34.09% -33.33%
Average days on market 51 48

Mulgrave investment property listings

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