VIC has seen average median house prices change by 8.12% which means that Mount Martha, 3934 has done well for property investors by showing a capital gain of 14.17% over the last year
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 -4.25% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 409 properties changed hands in Mount Martha, which puts it as the 27th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $495 weekly from the median priced house in this suburb.
Investment property in Mount Martha has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.75%
If we look at median property appreciation over just the last three months, Mount Martha has given property investors a paper return of -0.75%. This puts Suburb as 260 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -1.95% to buyers in Mount Martha at the moment, which is less than average for the rest of VIC.
Residents and property investors in Mount Martha have been waiting around 80.71 days to sell a property.
Mount Martha is 187th on a list of best yielding suburbs for rents in VIC with a 4.13% return