Mornington, 3931 ranked 124th in VIC when comparing growth in median property values or capital gain over the last 12 months. Mornington is one of 2098 in our list for VIC
Across a shorter period, Mornington, 3931 has seen a median price increase of 1.97% over the last quarter.
Sellers are offering property buyers an average discount of -3.54% to buyers in Mornington at the moment, which is less than average for the rest of VIC.
Residents and property investors in Mornington have been waiting around 51.74 days to sell a property.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Mornington is in the TOP 20% in VIC when comparing median price capital growth over the last year. Mornington gave property investors a very good capital gain figure when compared to the rest of the state, with 14.14%.
While Mornington,3931 ranked number 168th in VIC for increase in median house value (annualised) increase, it is ranked 87th over the last 5 years.
Our latest figures would indicate that property sellers in Mornington are currently offering property investors an average price cut of -3.55% below the asking price at the moment.
Often selling an investment property can take time, and in Mornington the average time real estate has been on the market is 56.67 days.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.