Mortlake is in the bottom 40% in VIC when comparing median price capital growth over the last year. Mortlake gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.36%.
Across a shorter period, Mortlake, 3272 has seen a median price increase of 3.51% over the last quarter.
Our latest figures would indicate that property sellers in Mortlake are currently offering property investors an average price cut of -11.75% below the asking price at the moment.
In the last year 26 properties changed hands in Mortlake, which puts it as the 552th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $200 mark per week – giving a return of 7.05% based on the median price in Suburb