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City of Monash

Mulgrave

Mulgrave Property Market
& Suburb Profile

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MEDIAN PRICES IN MULGRAVE

Median house price

(all agencies, last 12 months)$1.1m*

House price change

(all agencies, last 12 months)+4.96%

Median unit price

(all agencies, last 12 months)$828k*

Unit price change

(all agencies, last 12 months)-5.7%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

MULGRAVE price TRACKER

HousesUnits

Mulgrave sales overview

  • Sold by Auction 73%
  • Sold by Private Sale or Other Method 27%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)29

Auction clearance rate in Mulgrave

(all agencies, last 12 months)88%

Average held period in Mulgrave

(proptrack)13 years

Mulgrave Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$692pw

House rental price change

(all agencies, last 12 months)0.05%

Median rental price for Units

(all agencies, last 12 months)$607pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)3.01%

Average rental yield for Units

(all agencies, last 12 months)3.91%

Mulgrave total population size

(as at the last census)19,889

Median household size in Mulgrave

(as at the last census)2.8

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Mulgrave property types

  • Houses 59%
  • Units 8%
  • Other 33%

OCCUPANCY in Mulgrave

  • Owned 75%
  • Rented 22%
  • Other/Not Stated 3%
  • Singles 18%
  • Families 79%
  • Other 3%

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About Mulgrave

Located 21 km south-east of Melbourne’s CBD, Mulgrave is a well-established suburb in the City of Monash, known for its spacious homes, family-friendly parks, and easy access to major transport routes.

With a population of over 19,000, Mulgrave offers a mix of residential charm and business convenience, making it an attractive choice for families, professionals, and investors.

Lifestyle & Recreation

Mulgrave has plenty of green spaces, sporting facilities, and entertainment options:

  • Parks & Outdoor Activities: Enjoy the Dandenong Creek Trail, have a picnic at Gladeswood Reserve, or take the kids to Mulgrave Reserve Playground.
  • Sport & Fitness: The suburb is home to Mulgrave Country Club, a popular venue for tennis, golf, bowls, and social events.
  • Shopping & Dining: Locals enjoy the Mulgrave Farmers Market every Sunday, offering fresh produce and gourmet treats. For major retail, Waverley Gardens Shopping Centre provides supermarkets, specialty stores, and dining options.
  • Entertainment & Attractions: Mulgrave is close to Chadstone Shopping Centre and The Glen, both offering cinemas, fashion, and fine dining.

Education

Mulgrave is home to top-rated schools, making it an ideal location for families:

  • Primary Schools: Mulgrave Primary School, Albany Rise Primary School, St. John Vianney’s Primary School.
  • Secondary Schools: Wellington Secondary College, Mazenod College (boys), and nearby private options such as Caulfield Grammar (Wheelers Hill campus).
  • Tertiary Education: Monash University’s Clayton Campus, one of Australia’s leading universities, is just a short drive away.

Transport & Accessibility

Mulgrave is well-connected to Melbourne’s transport network, offering convenient commuting options:

  • Major Roads & Freeways: The suburb is bordered by the Monash Freeway (M1) and Eastlink (M3), providing easy access to the CBD, Dandenong, and Mornington Peninsula.
  • Buses: Several bus routes service the area, linking residents to Glen Waverley, Monash University, Springvale, and surrounding suburbs.
  • Train Access: While there is no train station in Mulgrave, nearby options include Glen Waverley, Springvale, and Noble Park stations, all providing access to the city via the Cranbourne, Pakenham, and Glen Waverley train lines.

Real Estate & Investment Potential

Mulgrave is a high-demand suburb, offering:

  • Spacious homes on large blocks, appealing to families and developers.
  • A growing number of townhouses and modern residences, making it an attractive option for investors and young professionals.
  • A strong rental market, driven by proximity to Monash University, Monash Medical Centre, and business hubs in Clayton and Notting Hill.
  • Future growth potential, thanks to its accessibility and ongoing developments in the Monash employment corridor.

Nearby Suburbs

Why Choose Mulgrave?

Mulgrave offers a perfect blend of family-friendly living, convenience, and investment appeal. With excellent schools, easy freeway access, and a strong sense of community, it's a smart choice for buyers, renters, and investors looking for a well-connected suburb with great long-term potential.

Disclaimer: The information provided in this suburb profile is intended as a general guide only. While every effort has been made to ensure accuracy, the content may not reflect the most current data or developments. Readers should verify any information independently before making any decisions based on the details presented. The suburb profile is subject to change and should not be relied upon as a sole source of information.

Education

Albany Rise Primary School
Mazenod College
Mulgrave Primary School
St John Vianney's School
Wellington Secondary College
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Mulgrave MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025305$969,2504.96%372$650pw3.46%
2024305$962,5001.44%347$623pw3.59%
2023275$893,0004.50%325$598pw3.33%
2022303$890,750no change402$510pw3.02%
2021380$878,75017.65%458$448pw2.65%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025305$969,250+4.96%
2024305$962,500+1.44%
2023275$893,000+4.50%
2022303$890,750no change
2021380$878,750+17.65%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025372$650pw3.46%
2024347$623pw3.59%
2023325$598pw3.33%
2022402$510pw3.02%
2021458$448pw2.65%

PROUDLY SERVICING Mulgrave

Barry Plant
Waverley

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.