With a capital gain of 7.74% for the last 12 months, Mornington, 3931 has performed for property investments than its average annual 7.13% property growth over the last 5 years.
Over the longer term, Mornington has seen property prices show investors a 29.71% return over the last 3 years. This is worse than over the last 12 months
Mornington3931 is located in VIC which offers an average discount of -6.04% to property investors. Mornington itself is showing figures that indicate -4.89% is the average achievable by property buyers investing in the suburb.
A $445 per week rent on the median house gives suburb investors a gross yield of circa 3.46%, without taking into account capital value appreciation, which has been averaging out at 7.13%.
Giving property investors a a stable capital gain of 10.59% for the last year, Mornington, 3931 is the 370th highest performer in Australia in this respect.
Across a shorter period, Mornington, 3931 has seen a median price increase of 0.66% over the last quarter.
Our latest figures would indicate that property sellers in Mornington are currently offering property investors an average price cut of -4.89% below the asking price at the moment.
The VIC suburb of Mornington, 3931 is in the Mornington Peninsula local government area.