Mulgrave is a well-established suburb in Victoria within the Monash local government area (postcode 3170). With a population of 19,889, the suburb has an established demographic with a median age of 40. Households earn a median income of $99K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, Australian, English.
Units have a median price of $864,000 (+15.1% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,167.
Mulgrave is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1048, which is around the national average of 1,000. Public transport access includes 110 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Mulgrave offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($864K/$875K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +15.1% year-on-year.
Mulgrave is a well-established suburb in Victoria within the Monash local government area (postcode 3170). With a population of 19,889, the suburb has an established demographic with a median age of 40. Households earn a median income of $99K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, Australian, English.
Units have a median price of $864,000 (+15.1% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $2,167.
Mulgrave is served by 5 schools, including 3 primary, 2 secondary. The average ICSEA score is 1048, which is around the national average of 1,000. Public transport access includes 110 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Mulgrave offers a gross rental yield of 3.5%, rated as moderate yield. Property prices are near the state median ($864K/$875K). The price-to-income ratio of 8.7x is considered moderate. House prices have moved +15.1% year-on-year.