Mornington has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.11% to date .
Over the longer term, Mornington has seen property prices show investors a 36.34% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Mornington is $717500, with sellers offering an average of -3.66% off the asking price.
On average over the past year, suburb has had 38.00 sales per month, which equates to 456 per year.
With the median price for a house in Mornington being $717500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.26%
VIC has seen average median house prices change by 2.98% which means that Mornington, 3931 has done well for property investors by showing a capital gain of 11.06% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Mornington comes in at number 105th in VIC.
Sellers are offering property buyers an average discount of -4.57% to buyers in Mornington at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Mornington the average time real estate has been on the market is 59.15 days.
Mornington, 3931’s gross rental yield is 3.57%