Mulgrave is a growing suburb with a diverse age demographic, a mix of occupations dominated by professionals and managers, and good commuting options including a significant portion who work from home. The suburb has a moderate median household income and moderate levels of mortgage repayments and weekly rents. Mulgrave presents as a suburb with high demand and growth potential for both houses and units. Houses have a good IQR ratio, indicating potential for renovators. Both houses and units offer rental opportunities with decent yields. A notable vacancy rate for units suggests potential for stable tenancies. The market absorption rate is strong for both property types, indicating a seller's market. Mulgrave is a vibrant suburb with favorable investment prospects for both homeowners and property developers. With high demand for rental properties, good growth rates, and a variety of commuting options, Mulgrave presents opportunities for investors seeking stable returns and steady capital growth. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022