If you compare the increase in value of investment property in Mornington, 3931 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.28%.
Across a shorter period, Mornington, 3931 has seen a median price increase of 2.74% over the last quarter.
At number 537th of VIC’s most discounted properties, Mornington is in the TOP 20% of the state/territory when listing in order of most discounted to least.
The VIC suburb of Mornington, 3931 is in the Mornington Peninsula local government area.
With a capital gain of 12.24% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 5.92% property growth over the last 5 years.
Mornington,3931 was ranked 958 in Australia by increase in median property value over the quarter.
Property buyers and investors in Mornington 3931 should be seeing an average reduction in asking price of around -4.15% . This means that Mornington is holding prices well when compared to other suburbs in VIC.
Mornington is 301th on a list of best yielding suburbs for rents in VIC with a 3.40% return