Mulwala, NSW
OVERVALUED3,245 sales · 36 years of data · NSW, Australia
Mulwala, NSW Property Market Overview
Mulwala, NSW, postcode 2647, is a charming town nestled on the shores of Lake Mulwala, offering a unique blend of lakeside living and rural appeal. This analysis of the Mulwala property market draws on 36 years of recorded sales data, encompassing a total of 3,245 transactions. With a current median property price of $555,000 across all property types, Mulwala presents a diverse range of housing options, from houses to apartments.
Mulwala's property landscape includes a significant proportion of houses, reflected in a median house price of $510,000, while apartments command a median price of $555,000. The suburb's long-term growth is evident in its historical Compound Annual Growth Rates (CAGR), making it an interesting area to analyse within the broader NSW property market. The town's proximity to the Murray River and its recreational opportunities contribute to its appeal.
Property Mix
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Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Mulwala
Top streets in Mulwala, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | Cypress Dr | $635,000 |
| 2 | Romney St | $640,000 |
| 3 | Sturt St | $405,000 |
| 4 | Manners St | $375,000 |
... and 124 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | Binda Rd | $913,284/m² |
| 2 | Hume St | $8,346/m² |
| 3 | Havelock St | $678/m² |
| 4 | Pimpala Cres | $464,920/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | Corowa Rd | +3.9% |
| 2 | Melbourne St | +13.9% |
| 3 | Sturt St | +4.6% |
| 4 | Pimpala Cres | +5.4% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 15 Hume St | $555,000 |
... and 81 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Mulwala analysis
128 streets and 85 buildings to explore
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Mulwala at a Glance
Mulwala, NSW
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Local Amenities
Living in Mulwala, NSW
Living in Mulwala offers a relaxed, lakeside lifestyle. The town is known for its friendly community and its proximity to Lake Mulwala, which provides opportunities for boating, fishing, and water sports. The Mulwala Water Ski Club is a popular spot for locals and tourists alike.
Mulwala boasts several parks and reserves, including the picturesque foreshore area along the lake. While specific schools within Mulwala are limited, nearby Yarrawonga offers a range of educational facilities, including Yarrawonga College P-12. For shopping, Mulwala has a local supermarket and a selection of shops, with more extensive retail options available in Yarrawonga. The town's vibe is generally laid-back and family-friendly, making it an appealing place to call home.
Mulwala offers a peaceful escape from the hustle and bustle of city life. The town's strong community spirit and its stunning natural surroundings contribute to its unique charm. It’s a place where you can enjoy the outdoors, connect with neighbours, and experience a slower pace of life.
Who Buys in Mulwala?
The buyer profile in Mulwala is diverse, reflecting the suburb's range of housing options and lifestyle appeal. The presence of apartments, accounting for 21.8% of the property market, suggests that Mulwala attracts first home buyers, downsizers, and investors seeking lower-maintenance living. The median apartment price of $555,000 may appeal to those looking for affordable entry points into the property market.
The median house price of $510,000, coupled with the suburb's family-friendly atmosphere, also attracts families seeking a comfortable and spacious home. The historical growth rates, as indicated by the CAGRs, may appeal to investors looking for long-term capital appreciation.
Market Analysis
Currently, the Mulwala property market is positioned above its long-term trend, indicating that the market is in overvalued territory. This assessment is based on our analysis of historical price movements and market dynamics over several decades. While the market has experienced significant growth, this current position suggests that prices may be elevated compared to their historical averages.
Understanding Mulwala's position in the property cycle is crucial for anyone considering buying or selling in the area. This doesn't suggest future outcomes, but rather reflects where Mulwala sits relative to its past performance. The property cycle is a dynamic process, and future market movements will depend on a variety of factors, including economic conditions and local demand.
Is Mulwala a Good Investment?
Mulwala's property market has demonstrated solid growth over the long term, as evidenced by its historical Compound Annual Growth Rates (CAGR). The 10-year CAGR of 9.0% reflects strong price appreciation in recent years, while the 20-year CAGR of 5.2% and the full-period CAGR of 4.4% demonstrate consistent growth over several decades. These figures suggest that Mulwala has been a reliable performer in the property market.
Currently, Mulwala is positioned above its long-term trend, indicating that the market is in overvalued territory. Understanding this position in the property cycle is crucial for anyone considering buying or selling in the area. The drivers of property values in Mulwala are likely influenced by its lakeside location, its recreational opportunities, and its proximity to larger towns such as Yarrawonga. These factors contribute to the suburb's appeal and its potential for future growth. This analysis is based on historical data and does not guarantee future performance.
Mulwala Market Outlook
As of early 2026, the Mulwala property market is positioned above its long-term trend, indicating that the market is in overvalued territory. Recent price trends suggest a period of strong growth, although this position in the property cycle indicates that prices may be elevated compared to historical averages.
Looking ahead, the Mulwala property market will likely be influenced by a range of factors, including economic conditions, interest rates, and local demand. Monitoring these factors will be crucial for understanding the future direction of the market. This overview reflects the market conditions as of early 2026 and is based on historical data and current trends.
Streets & Location in Mulwala, NSW
Mulwala, located in the 2647 postcode area, features a variety of streets with varying property values. Among the streets with higher median prices are ROMNEY ST, ADAM CL, and MELBOURNE ST. These streets often boast desirable locations or larger properties that contribute to their higher valuations.
With a total of 128 streets, Mulwala offers a diverse range of residential settings. The town's location near Lake Mulwala and the Murray River adds to its appeal, providing residents with access to water activities and scenic views.
Market Dynamics
The Mulwala property market demonstrates a steady transaction pace, with an average settlement timeframe of 53 days. This timeframe reflects the typical process involved in buying and selling property in the area, from initial offer to final settlement. The quick-flip percentage is not available, but the average settlement days provide a snapshot of market activity.
Understanding these market transaction patterns can provide valuable insights into the current state of the Mulwala property market. This data reflects the time it takes for properties to change hands and can be influenced by factors such as buyer demand and market conditions.
Development & Density
Mulwala exhibits a mix of housing types, with a notable presence of apartment buildings. There are currently 85 apartment buildings in Mulwala, contributing to the suburb's overall development density. These buildings offer a range of housing options, from smaller units to larger apartments.
The prevalence of apartment buildings in Mulwala reflects a trend towards higher-density living in certain areas. This development density is influenced by factors such as land availability and planning regulations, shaping the suburb's overall character.
Growth & Property Mix
Mulwala's property market has demonstrated consistent growth over the long term. The suburb has seen a 10-year Compound Annual Growth Rate (CAGR) of 9.0%, reflecting robust price appreciation in recent years. Looking further back, the 20-year CAGR stands at 5.2%, while the full-period CAGR, spanning 36 years of data, is 4.4%. These figures provide a historical perspective on Mulwala's property value growth.
The property mix in Mulwala includes both houses and apartments, with apartments accounting for approximately 21.8% of the market. This composition offers a range of options for buyers and renters, influencing the overall market dynamics.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.