Property investors who have had real estate in Mornington, 3931 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.19%
A 42.59% growth in median value for property investors in Mornington,3931 puts this suburb at number 411th in terms of best performing suburbs in VIC
Mornington3931 is located in VIC which offers an average discount of -5.80% to property investors. Mornington itself is showing figures that indicate -3.42% is the average achievable by property buyers investing in the suburb.
The VIC suburb of Mornington, 3931 is in the Mornington Peninsula local government area.
If you compare the increase in value of investment property in Mornington, 3931 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.11%.
The five-year average increase in median property values for Mornington,3931 has given property investors a potential capital gain of 27.91% across each of those five years.
Vendor discounting in Mornington is giving property investors an average Vendor Discount of around -4.28%. This puts suburb at number 206th in VIC when ranking the most discounted suburbs.