Can you afford to live in Mulgrave?

To rent in Mulgrave without housing stress, a household income of about $135,000/year keeps the rent of $780/week at or below 30% of gross income — the standard affordability benchmark. That rent is the official median for a 4-bedroom house — the most common new lease here (546 bonds lodged). Check your income →

To buy the median home ($1,125,000) with a 20% deposit of $225k, repayments at 6.2% over 30 years come to about $5,512/month — comfortable on roughly $220,000/year under the same 30% rule. Saving that deposit at $1,500/month takes about 12.5 years, before stamp duty of $62k. Run your own loan →

That price is the real median of 311 house sales in Mulgrave, published by the state land authority — not an estimate.

Compared to the rest of Victoria, Mulgrave is more expensive to buy than 94% of the state's suburbs (state median $330k) and pricier to rent than 94% (state median $445/week). It sits roughly 22 km from the Melbourne CBD as the crow flies.

For investors, the median rent against the median price gives a gross rental yield of about 3.2% before costs. Net yield calculator →

Modelled medians, not valuations — every formula above is documented on our methodology page.