Investment property in Mount Martha has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.44%
The five-year average increase in median property values for Mount Martha,3934 has given property investors a potential capital gain of 45.73% across each of those five years.
Our latest figures would indicate that property sellers in Mount Martha are currently offering property investors an average price cut of -4.15% below the asking price at the moment.
A $495 per week rent on the median house gives suburb investors a gross yield of circa 2.96%, without taking into account capital value appreciation, which has been averaging out at 7.85%.
Giving property investors a a stable capital gain of 5.91% for the last year, Mount Martha, 3934 is the 615th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Martha has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Mount Martha should be aiming for at least -2.43% off the asking price, which is the average vendor discount being achieved at the moment.