5/41 Cypress Dr, Mulwala is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2005. The property has a land size of 139m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Set in the popular holiday pocket of Cypress Drive providing convenient access to both Yarrawonga / Mulwala's shopping strips and the three licensed clubs you will discover this outstanding refurbished ground floor north facing apartment with spectacular waterfront views of Lake Mulwala.
The investor, retiree will appreciate the options available with the ability to rent out the studio apartment separately.
As a whole the property comprises of two oversized bedrooms, two bathrooms, open plan living / meals / kitchen area with an additional kitchenette. Offered fully furnished this apartment is a perfect option for someone who is looking for a waterfront lifestyle to enjoy with the ability to source an income in the lucrative holiday rental market.
The size of Mulwala is approximately 356.7 square kilometres. It has 15 parks covering nearly 4.3% of total area. The population of Mulwala in 2016 was 2161 people. By 2021 the population was 2557 showing a population growth of 18.3% in the area during that time. The predominant age group in Mulwala is 60-69 years. Households in Mulwala are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mulwala work in a trades occupation.In 2021, 75.00% of the homes in Mulwala were owner-occupied compared with 72.60% in 2016.
Mulwala has 2,625 properties. Over the last 5 years, Houses in Mulwala have seen a 52.12% increase in median value, while Units have seen a 58.60% increase. As at 31 January 2026:
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