Mulgrave 3170
Market analysis for investment properties in Mulgrave
Median Price
$1,131,000
Trend:Accelerating
+6.7%
Median Rent
$660/pw
Trend:Steady
+1.5%
Rental Yield
3.03%
Trend:Decelerating
-5.0%
Median DoM
31 Days
Trend:Steady
+1.7%
Market Analysis
Why investors are watching Mulgrave right now.
In Mulgrave, Victoria, residents have convenient access to both local and major shopping centers. The Waverley Gardens Shopping Centre offers a wide range of retail outlets to cater to diverse needs, while the nearby Chadstone Shopping Centre, known as the fashion capital, provides luxury shopping experiences.
Families in Mulgrave benefit from the presence of reputable primary and secondary schools. Mulgrave Primary School and Wellington Secondary College are notable institutions that ensure quality education for students in the area.
Transport connections from Mulgrave to Melbourne's CBD are easily accessible. The closest train station, Noble Park Station, provides a direct route to the city via the Cranbourne and Pakenham lines. Additionally, multiple bus services, such as the Route 631 and 691, offer efficient transportation options for commuters.
Surrounded by greenery, Mulgrave boasts various parks and reserves for outdoor enthusiasts. Residents can enjoy the lush green spaces of Jells Park, a popular recreational area known for its walking and cycling trails, picnic facilities, and serene lake views. Additionally, the nearby Police Paddocks Reserve provides a tranquil escape with its natural bushland setting.
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Capital Growth
Historical Performance
Analyze long-term value appreciation, rental yield fluctuations, and median price trajectories.
Market Vitals
Market Dynamics
Deep-dive into transaction velocity, rental pressure, and supply pipeline indicators.
Unlock Market Vitals
See live suburb and LGA market signals.
The Ripple Effect
Explore Nearby Opportunities
Investors analyzing Mulgrave often compare these adjacent markets for better entry points or higher yields.
Strategy by LighthousePA
Where will Mulgrave be in 2026?
Data provides the foundation, but strategy secures the wealth. If you're seeking clarity on Mulgrave, let LighthousePA (Property Advisors) help you navigate the market and illuminate your next move.
- Wealth Planning
- Ownership Structuring
- Buyers Advocacy
- Property Negotiation
Investment Insights & FAQ
Frequently asked questions about the Mulgrave property market in 2026.
As of March 2026, the Mulgrave property market presents a dynamic investment landscape. Over the last 12 months, houses have seen an annual growth rate of 6.7% and units have grown by 2.89%. These figures reflect the evolving demand within Monash, offering potential for capital appreciation.
Based on the latest market snapshot, median property prices in Mulgrave range from $1,131,000 for houses to $890,000 for units. These values are calculated based on recent transaction data and current buyer activity across the Monash region.
For investors targeting cash flow, houses rent for $660 /pw with a 3.03% yield, while units rent for $625 /pw with a 3.65% yield. This rental performance is a key indicator of strong tenant demand within the Mulgrave area.
Market Insights Last Updated: March 2026