All About Mulgrave, Monash, VIC, 3170

Mulgrave, located within the City of Monash in Victoria, is a vibrant suburb that has been experiencing dynamic changes in its housing market over recent years. The suburb is characterized by a mix of older, established homes and modern developments, making it attractive to a range of buyers from young families to investors. Due to its proximity to Melbourne's central business district, only 21 kilometers away, Mulgrave has experienced increased demand, with property values typically rising as buyers seek more affordable alternatives to the city center without compromising on accessibility. The market in Mulgrave is competitive, often leading to brisk sales and sometimes above-average price growth compared to wider metropolitan trends. The presence of various amenities, easy access to public transportation, and the convenience of major roads contribute significantly to the desirability of the housing market in this area.

Living in Mulgrave offers a balanced lifestyle with a combination of suburban peace and urban connectivity. The suburb is well-serviced by essential amenities such as shopping centers, schools, and recreation facilities. The Waverley Gardens Shopping Centre is a central hub for retail and dining, catering to the needs of local residents. Families particularly appreciate the quality of education provided by local schools, including Wellington Secondary College and St. John Vianney's Primary School. Additionally, the availability of parks and green spaces, like Brady Road Reserve and Mulgrave Reserve, provides residents with ample opportunities for outdoor activities and community events. With a multicultural demographic, Mulgrave boasts a rich tapestry of cultures, leading to diverse community events and a wide range of culinary experiences. Overall, Mulgrave offers a harmonious blend of convenience, community spirit, and a tranquil living environment, making it an appealing choice for individuals and families alike.

Mulgrave Real Estate Market Outlook

Thinking about buying in Mulgrave? Now could not be a better time, with 9735 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,256,000 with prices in this suburb ranging from $219,000 to $9,686,000. The aproximate distance to the coast is 10 Km.

Consistent high demand relative to supply is a key feature in Mulgrave driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Mulgrave are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Mulgrave classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Mulgrave requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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