Mulgrave vs Springvale.
Comparing two suburbs with median house prices of $1,098,500 and $931,500. Springvale edges out on more headline metrics in this comparison.
Springvale (median $931,500) is roughly 18% cheaper to buy into than Mulgrave ($1,098,500).
Springvale scores higher on walkability (14/100 vs 100/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Mulgrave (1055) sits above Springvale (994).
For buyers
Springvale is the lower entry point at $931,500 median, 18% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Springvale offers the higher gross rental yield (3.18% vs 3.03%), favouring cash-flow investors.
For families
Mulgrave edges out on average school ICSEA (1055 vs 994).
Common questions
Is Mulgrave or Springvale cheaper to buy in?
Springvale has the lower median house price at $931,500, roughly 18% below Mulgrave ($1,098,500). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Mulgrave or Springvale have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Mulgrave scores 1055 vs 994 in Springvale. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Mulgrave or Springvale?
Springvale scores 100/100 on walkability vs 14/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Mulgrave or Springvale?
Gross rental yield on houses is 3.18% in Springvale vs 3.03% in Mulgrave. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Mulgrave against another suburb