MULGRAVE

As the property market shifts, Mulgrave has solidified its standing as a established enclave, attracting a specific demographic of buyer. The suburb currently holds a median house price of $1.12m.

Lifestyle Profile

The streetscape of Mulgrave is the quintessential picture of suburban stability. You will typically find larger block sizes, wide driveways, and a mix of renovated mid-century homes alongside modern builds.

At a community level, Mulgrave is defined by family activity. Weekends see the local parks filled with junior sports, and the demographic is heavily skewed towards households with school-aged children.

Lifestyle amenities are practical and abundant. The suburb is typically anchored by a major shopping center or high street that covers all daily needs, from supermarkets to medical centers.

The Demographic Profile

Understanding the resident base is key to understanding the market floor. Local data suggests a median household income of approx $52,225. With a price-to-income ratio significantly above the state average, ownership in Mulgrave often involves significant equity recycling from previous properties. This suggests a resident base with high asset wealth rather than just high income.

Education & Catchments

School catchment zones are a primary driver of long-term property demand. The area is serviced by facilities such as Brandon Park Primary School. For many buyers, the presence of local schooling creates a 'village' feel and ensures consistent demand from young families moving into the area.

Market Outlook

Historical capital growth data for Mulgrave is currently under review, but local demand remains a key indicator to watch.

Quick FAQ about Mulgrave:

• Is Mulgrave expensive? With a median price of $1.12m, it is considered a established market, often attracting buyers seeking classic living standards.
• What are the schools like? The catchment for Brandon Park Primary School is a major driver of local demand.