Over the last year, property investments in Mornington, 7018 have given investors a capital gain of 3.45%. This compares badly with the 6.13% for TAS as a whole.
If we look at median property appreciation over just the last three months, Mornington has given property investors a paper return of 0.84%. This puts Suburb as 116 on a list of fastest fasting appreciating suburbs in TAS
Vendor discounting in Mornington is giving property investors an average Vendor Discount of around -3.78%. This puts suburb at number 141th in TAS when ranking the most discounted suburbs.
Mornington is 41th on a list of best yielding suburbs for rents in TAS with a 6.07% return
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.