With a capital gain of 7.54% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 7.25% property growth over the last 5 years.
A 27.83% growth in median value for property investors in Mornington,3931 puts this suburb at number 300th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Mornington itself are offering an average vendor discount of -4.13% to real estate investors.
On average over the past year, suburb has had 36.42 sales per month, which equates to 437 per year.
With the median price for a house in Mornington being $677500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.45%
Mornington has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.65% to date .
Across a shorter period, Mornington, 3931 has seen a median price increase of 1.09% over the last quarter.
The most recent median price for Mornington is $508000, with sellers offering an average of -4.49% off the asking price.