Property investors who have had real estate in Mona Vale, 2103 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.37%
A 82.54% growth in median value for property investors in Mona Vale,2103 puts this suburb at number 786th in terms of best performing suburbs in NSW
Our latest figures would indicate that property sellers in Mona Vale are currently offering property investors an average price cut of -4.20% below the asking price at the moment.
With the median price for a house in Mona Vale being $1704000 and the advertised rent reaching $875 the gross rental yield for property investors calculates out to be 2.67%
If you compare the increase in value of investment property in Mona Vale, 2103 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 22.76%.
Over the longer term, Mona Vale has seen property prices show investors a 20.63% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Mona Vale should be aiming for at least -3.60% off the asking price, which is the average vendor discount being achieved at the moment.