Property value increases in Mona Vale have tracked just lower than the NSW average of 7.15% over the last 12 months.
While Mona Vale,2103 ranked number 635th in NSW for increase in median house value (annualised) increase, it is ranked 455th over the last 5 years.
Property investors looking for a bargain in Mona Vale should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $850 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 6.59% which means that Mona Vale, 2103 has done well for property investors by showing a capital gain of 5.50% over the last year
A 43.90% growth in median value for property investors in Mona Vale,2103 puts this suburb at number 46th in terms of best performing suburbs in NSW
At number 70th of NSW’s most discounted properties, Mona Vale is in the bottom 20% of the state/territory when listing in order of most discounted to least.
At number 55 in a list of fastest selling suburbs, Mona Vale is in the TOP 10% of suburbs in Australia with an average of days on market 35.96 for properties listed there.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 3.39%, investors should hope to achieve an overall return of 3.70%