Is Mulgrave a nice place to live?

Mulgrave is a south-eastern Melbourne suburb with tree-lined mid-century brick homes, newer townhouse pockets and light-industrial areas, alongside neighbourhood parks and sports ovals. The community is weighted towards couple families with children and most homes are owner-occupied, with a median age of 40. Local life centres on small shopping strips, community facilities and business parks, while the Monash Freeway and EastLink provide straightforward road connections. Mulgrave Reserve playspace has been officially opened and provides shade sails, a picnic shelter, seating, drinking fountains and an on-site public toilet.

Is it expensive to live in Mulgrave?

A typical local household in Mulgrave earned about $1,913 a week at the last Census. With a median house price of $1,030,000, buying a house here works out to about 10.4 times a typical local annual household income, which places purchase prices well above local incomes. Renting looks less stretched but still significant: a house rent of $698 a week would take about 37% of that weekly income, and a unit rent of $580 a week would take about 30%. For renters the rent share is the most directly relevant measure, and for buyers the price multiple is the key figure against local incomes. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Mulgrave a good place to invest?

The most striking movement in Mulgrave over the past 12 months is a strong 14.8% rise in median unit values, while median house values rose a more modest 4.7%. On the income side, house rents increased a solid 7.4% and unit rents rose 5.5%. Put simply, for houses the recent change shows rental income rising faster than capital value, while for units capital growth has outpaced rental income. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Mulgrave suburb profile

Mulgrave is a south-eastern Melbourne suburb in the City of Monash with a solid suburban character. Tree-lined streets of mid-century brick homes sit alongside newer townhouse pockets and light-industrial areas, while neighbourhood parks, reserves and sports ovals provide everyday green space for walking and local sport.

Local life is focused around small shopping strips, community facilities and business parks, and the Monash Freeway and EastLink give straightforward road connections for commuters and freight. The suburb presents a practical mix of housing densities and easy access to the south-eastern motorway network and surrounding suburbs.

Mulgrave property market performance

Current median dwelling price$868,125Past 3 months

Property growth+9.8%Past 12 months

Mulgrave's median house price is $1.03 million, up 4.7% over 12 months, a moderate rise. There is no reliable median price for units because too few units have sold here recently to publish one. Houses sold 54 times in the past 3 months, and houses sold more quickly than units, with units' median days on market at 47.

In Mulgrave, house rents rose 7.4% over 12 months, a solid rise that outpaced the moderate rise in house values; the average house rent is $698 a week.

	Houses	Units
Median price Past 3 months	$1.03M	N/A
Change in value Past 12 months	4.7%	14.8%
Sold Past 3 months	54	9
Median days on market Past 12 months	36	47
Average rent Past 12 months	$698	$580
Change in rent Past 12 months	7.4%	5.5%

5 year median price trend for houses and units

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Mulgrave demographics

Mulgrave is a community where couples with children are the largest family group and most homes are owner-occupied.

The median age is 40 and the median household income is $1,913 a week. There were 19,889 people living in Mulgrave at the 2021 Census.

Mulgrave and Victoria

	Suburb	VIC
Median age years	40	38
Median household income weekly	$1,913	$1,759
Couples with children share of families	50.0%	45.5%
Couples without children share of families	34.0%	37.6%
One-parent families share of families	14.1%	15.2%
Homes owned outright share of homes	39.1%	33.2%
Homes with a mortgage share of homes	37.9%	37.3%
Homes rented share of homes	23.0%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Mulgrave infrastructure, key developments and investment opportunities

Mulgrave has a Victorian Big Housing Build social housing development at 2263–2267 Dandenong Road that was approved by the Minister in 2022; the project comprises a four-storey apartment building with 72 social housing apartments and nine townhouses. The suburb also saw Mulgrave Reserve playspace officially opened on 17 June 2025, providing shade sails, a picnic shelter, seating, drinking fountains and an on-site public toilet.

Construction began at Rivett Crescent Reserve playspace in early 2023 and the reserve has been rebuilt with a new accessible path, bench and picnic table. The Gladeswood Reserve playspace had its design scope confirmed on 12 September 2024, with construction funding to be considered in the 2025/26 budget. Melbourne’s first micro forest was created at Wellington Reserve in 2023, using more than 650 indigenous plants.

Suburbs near Mulgrave

Some popular suburbs near Mulgrave include:

How does Mulgrave compare to nearby suburbs?

Median house prices: Mulgrave’s median house price is 5.3% higher than Clayton South’s.
Median unit prices: Mulgrave’s median unit price is 32.8% higher than Clayton South’s.
House price growth: Over the past 12 months, house prices in Mulgrave have grown 1.4% higher than in Notting Hill.
Unit price growth: Over the past 12 months, unit prices in Mulgrave have grown 14.9% higher than in Wheelers Hill.
Selling speed for houses: Properties in Mulgrave are selling 10.0% faster than in Clayton South.
Selling speed for units: Properties in nearby Notting Hill are selling 63.8% faster than in Mulgrave.
Investment considerations: In Mulgrave, the rental yield for house is 9.7% higher than the Melbourne average, while the rental yield for units is 2.5% lower.
House price growth: Over the past 12 months, house prices in Mulgrave have grown 9.6% higher than the average rate of growth across Melbourne.
Unit price growth:Over the past 12 months, unit prices in Mulgrave have grown 38.7% higher than the average rate of growth for units across Melbourne.

Common questions about Mulgrave

Is Mulgrave a nice place to live?
Mulgrave is a south-eastern Melbourne suburb with tree-lined mid-century brick homes, newer townhouse pockets and light-industrial areas, alongside neighbourhood parks and sports ovals.

The community is weighted towards couple families with children and most homes are owner-occupied, with a median age of 40. Local life centres on small shopping strips, community facilities and business parks, while the Monash Freeway and EastLink provide straightforward road connections. Mulgrave Reserve playspace has been officially opened and provides shade sails, a picnic shelter, seating, drinking fountains and an on-site public toilet.
Is it expensive to live in Mulgrave?
A typical local household in Mulgrave earned about $1,913 a week at the last Census. With a median house price of $1,030,000, buying a house here works out to about 10.4 times a typical local annual household income, which places purchase prices well above local incomes.

Renting looks less stretched but still significant: a house rent of $698 a week would take about 37% of that weekly income, and a unit rent of $580 a week would take about 30%. For renters the rent share is the most directly relevant measure, and for buyers the price multiple is the key figure against local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Mulgrave a good place to invest?
The most striking movement in Mulgrave over the past 12 months is a strong 14.8% rise in median unit values, while median house values rose a more modest 4.7%. On the income side, house rents increased a solid 7.4% and unit rents rose 5.5%.

Put simply, for houses the recent change shows rental income rising faster than capital value, while for units capital growth has outpaced rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Mulgrave

Choosing the right real estate agent in Mulgrave can have a big impact on your sale. While there are 102 real estate agents working in the suburb, but just 5 of them were responsible for 49.5% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 1.71% to 2.57%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.