Kingsville vs Mulgrave
Property investment comparison - Kingsville, VIC 3012 vs Mulgrave, VIC 3170
Head-to-head across core investment metrics: Kingsville wins 2, Mulgrave wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Kingsville | Mulgrave |
|---|---|---|
| Median house price | $1.1M | $1.1M |
| Median unit price | - | $850K |
| Gross rental yield (houses) | 3.30% | 3.14% |
| Gross rental yield (units) | 5.05% | - |
| 1-year house growth | -3.5%estimate | +2.3% |
| 3-year house growth | - | +14.7% |
| Vacancy rate | 1.6% | 1.9% |
| Population | 3,920 | 19,889 |
Kingsville vs Mulgrave: what the numbers say
The median house price is $1.1M in Kingsville and $1.1M in Mulgrave, so Mulgrave is the cheaper entry point, with Kingsville houses about 2% dearer.
On cash flow, Kingsville leads: houses there return a gross rental yield of 3.30%, compared with 3.14% in Mulgrave, a gap of 0.16 percentage points.
Over the past year house prices moved -3.5% in Kingsville (an estimate) and +2.3% in Mulgrave, so recent momentum favours Mulgrave, while Kingsville went backwards.
Rental vacancy is 1.6% in Kingsville and 1.9% in Mulgrave, so landlords in Kingsville face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Mulgrave is the bigger suburb, with a population of 19,889 against 3,920, roughly 5 times the size of Kingsville; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Kingsville for rental income, Mulgrave for a lower purchase price, Mulgrave for recent price momentum, Kingsville for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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