Over the last year, property investments in Mornington, 3931 have given investors a capital gain of 5.83%. This compares badly with the 8.23% for VIC as a whole.
While Mornington,3931 ranked number 527th in VIC for increase in median house value (annualised) increase, it is ranked 273th over the last 5 years.
Property investors looking for a bargain in Mornington should be aiming for at least -4.85% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 495 properties changed hands in Mornington, which puts it as the 13th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 6.75%, investors should hope to achieve an overall return of 3.52%
With a capital gain of 7.14% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 5.07% property growth over the last 5 years.
Across a shorter period, Mornington, 3931 has seen a median price increase of -1.49% over the last quarter.
Mornington, 3931 is offering VIC ‘s 166th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Mornington is 245th on a list of best yielding suburbs for rents in VIC with a 3.79% return