If you compare the increase in value of investment property in Mornington, 7018 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this TAS suburb was -1.72%.
A 11.76% growth in median value for property investors in Mornington,7018 puts this suburb at number 144th in terms of best performing suburbs in TAS
Mornington, 7018 is offering TAS ‘s 144th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this TAS.
Often selling an investment property can take time, and in Mornington the average time real estate has been on the market is 36.73 days.
Situated 5.37km from the CBD, Mornington is one of Clarence localities in the postcode 7018.
Just 7km from Hobart but set in a landscape of mountains and rivers, Mornington is growing in popularity as buyers realise the value they can get for their money.Full summary
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Just 7km from Hobart but set in a landscape of mountains and rivers, Mornington is growing in popularity as buyers realise the value they can get for their money.Close
With a low house median of $283,000, Mornington is an affordable suburb that returns an excellent yield of 5.8% – virtually the same rate of return as neighbouring suburbs Bellerive and Howrah, which have median house values in the mid-$400,000s and $368,000 respectively.
This is likely to see house-hunters searching out cheaper dwellings and rents in nearby suburbs, and Mornington ts the bill for both historic capital growth and yield.
A vacancy rate of 1.15% lands Mornington in fth place in Tasmania for lowest vacancy rates.
The suburb appeals to families, and three-bedroom houses are in highest demand.
Newer homes on eastern streets are at the higher end of the median, while high-set houses have mountain views.