With a capital gain of 16.38% for the last 12 months, Mona Vale, 2103 has performed for property investments than its average annual 7.00% property growth over the last 5 years.
Across a shorter period, Mona Vale, 2103 has seen a median price increase of 6.37% over the last quarter.
Our latest figures would indicate that property sellers in Mona Vale are currently offering property investors an average price cut of -3.60% below the asking price at the moment.
With the median price for a house in Mona Vale being $1670000 and the advertised rent reaching $850 the gross rental yield for property investors calculates out to be 2.65%
Mona Vale has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.60% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mona Vale has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.40% to buyers in Mona Vale at the moment, which is less than average for the rest of NSW.
On average over the past year, suburb has had 8.42 sales per month, which equates to 101 per year.
Using the current median advertised rental of $620 and the average annual increase in value of a median property of 4.78%, investors should hope to achieve an overall return of 3.62%