Mornington, 7018 ranked 57th in TAS when comparing growth in median property values or capital gain over the last 12 months. Mornington is one of 606 in our list for TAS
Mornington,7018 has offered an average of 11.90% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mornington, 7018. Typically our figures indicate that -2.85% is being offered, which puts this TAS suburb at 3529th most discounted overall in Australia.
On average over the past year, suburb has had 4.75 sales per month, which equates to 57 per year.
Renters in Suburb are facing rents around $4320 per annum or $360 every week.
The TAS suburb of Mornington, 7018 is in the Clarence local government area.
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.