Wheelers Hill vs Mulgrave.
Comparing two suburbs with median house prices of $1,430,000 and $1,098,500. Wheelers Hill edges out on more headline metrics in this comparison.
Mulgrave (median $1,098,500) is roughly 30% cheaper to buy into than Wheelers Hill ($1,430,000).
Wheelers Hill scores higher on walkability (18/100 vs 14/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Wheelers Hill (1083) sits above Mulgrave (1055).
For buyers
Mulgrave is the lower entry point at $1,098,500 median, 30% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Mulgrave offers the higher gross rental yield (3.03% vs 1.75%), favouring cash-flow investors.
For families
Wheelers Hill edges out on average school ICSEA (1083 vs 1055).
Common questions
Is Wheelers Hill or Mulgrave cheaper to buy in?
Mulgrave has the lower median house price at $1,098,500, roughly 30% below Wheelers Hill ($1,430,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Wheelers Hill or Mulgrave have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Wheelers Hill scores 1083 vs 1055 in Mulgrave. 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, Wheelers Hill or Mulgrave?
Wheelers Hill scores 18/100 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, Wheelers Hill or Mulgrave?
Gross rental yield on houses is 3.03% in Mulgrave vs 1.75% in Wheelers Hill. 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).
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