Mulgrave is a tightly held southeast suburb in the Monash LGA, known for premium schools, large land allotments, and proximity to Monash University, Monash Medical Centre and the Clayton employment hub. The suburb consistently features in top-10 lists for family demand in Melbourne’s southeast.
Mulgrave Property Market Snapshot 2026
| Metric | Houses | Units |
|---|---|---|
| Median Price | $1,180,000 | $720,000 |
| Gross Rental Yield | 3.3% | 4.1% |
| Annual Growth (5yr avg) | 6.3% | 5.0% |
| Median Weekly Rent | $590 | $460 |
| Days on Market | 28 | 24 |
| Vacancy Rate | 1.0% | 1.2% |
Is Mulgrave a Good Investment?
Mulgrave scores 7.4/10 on the GeeVee Investment Score. While yield is moderate at 3.3%, the suburb’s location in the Monash employment corridor (Monash University, Monash Medical, Clayton technology precinct) drives both rental demand and long-term capital growth. Elite state school access (Wellington Secondary) adds a catchment premium of $80,000 to $120,000.
Off-Market Properties in Mulgrave
Access off-market listings in Mulgrave and the Monash corridor: collings.com.au/portal.
Frequently Asked Questions
What is the median house price in Mulgrave?
The median house price in Mulgrave is approximately $1,180,000 in 2026.
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